The California Chamber of Commerce today issued the following statement following Governor Gavin Newsom’s signing of legislation to provide relief to Californians experiencing pandemic hardship:
“CalChamber applauds Governor Gavin Newsom for taking action today that offers some much-needed economic relief for California’s small businesses. Small businesses in the state are reeling from the economic fallout of COVID-19 shut-downs and the financial bridge provided through the fee waivers and grants approved today by Governor Newsom will provide help and hope as we wait for California’s economy to recover.
“While the Governor’s action today is an important step forward, our small businesses still need tax and regulatory relief. The Legislature should act swiftly to pass AB 80, which offers preferable tax treatment for Paycheck Protection Program (PPP) loans and they should reject any proposal that adds to the cost of doing business in the state.”