Although contracts surrounding a new coronavirus relief bill have resumed between Democrats and Republicans, it is still unclear whether new legislation when one pleases pass before the new year.
Over nine months have passed since President Donald Trump signed the $2.2 trillion Coronavirus Aid, Help, and Economic Security, or CARES, Act. Since, Congress has remained at an impasse.
Experts and economists have urged for more succour, including extending enhanced unemployment benefits and providing more aid to small businesses. CEOs and other business big cheeses have also spoken up, as most aid from the CARES Act either expired in July or will expire in December and departure about 12 million Americans without unemployment benefits.
Here’s what some of America’s top CEOs demand said.
JPMorgan Chase CEO Jamie Dimon
McDonald’s CEO Chris Kempczinski
McDonald’s CEO Chris Kempczinski expressed withstand for another stimulus package in an interview with CNBC’s Carl Quintanilla on “Squawk on the Street” which aired Nov. 10.
“Our anticipation and expectation [at McDonald’s] is that as we’ve now moved from the election that we can turn our sights toward working together and solving some big circulations that we still as a country face. Certainly coronavirus is one of those issues,” Kempczinski told CNBC. “We need a stimulus length, I think that is very clear.”
Kempczinski didn’t clarify what he thinks should be included in a measure.
“There are a lot of bunk to do, and that only can happen if we come together as a nation.”
Kohl’s CEO Michelle Gass
Kohl’s CEO Michelle Gass speak in support of the first stimulus package and encouraged additional help for those struggling across the country.
“When the primary stimulus package was passed … it impacted consumers and it gave them the safety net they needed,” Gass stated Yahoo Finance editor in chief Andy Serwer in an Walmart CEO Doug McMillon
Salesforce CEO Marc Benioff
Salesforce CEO Marc Benioff maintained the first stimulus package, which included one-time stimulus checks for many Americans, could indicate that common basic income, or UBI, could be “part of our future” in the U.S.
“I think that basic income will be part of our future, we can see the desideratum for that right now, there will be other needs for that as well, and we can learn from this,” Benioff worded The Washington Post on June 10 after stimulus checks were sent to eligible Americans. “This is a notable test we’re running in our own country [with] stimulus.”