Economy & Jobs
More on Economy & Jobs
May 27, 2020 Press Release
“We’ve got thousands of small employers, non-profits, mom-and-pop stores, manufacturers and other small businesses in eastern Connecticut who are facing permanent financial damage from COVID-19 because their business interruption insurance fails to cover losses and closure due to the COVID-19 pandemics,” said Congressman Courtney.
May 15, 2020 Press Release
“Last Wednesday, the Chair of the Federal Reserve, Jerome Powell, bluntly warned that the gravity of the COVID-19 recession – worse than any recession since World War II – requires more fiscal action by Congress, and soon,” said Congressman Courtney.
Today, Congressman Joe Courtney (CT-02) released a letter that he wrote to several eastern Connecticut chambers of commerce to provide clarification for small businesses on the federal tax impact of a forgiven Paycheck Protection Program (PPP) loan.
April 1, 2020 Press Release
“Passage of the bipartisan CARES Act opened up numerous additional resources for small business owners, and kickstarted brand new programs that will help streamline cashflow directly to small businesses,” said Rep. Courtney.
March 27, 2020 Press Release
“The COVID-19 pandemic has upended life for everyone, but people in eastern Connecticut need to know that more help is on the way,” said Rep. Courtney.
“I am grateful that the House Oversight and Reform Committee voted to approve our legislation supporting Minor League Baseball,” said Congressman Courtney.
“Ten years ago, a group of hard-working people in Middletown, Connecticut headed to work at the Kleen Energy power plant, and did not go home that evening to their friends and families,” said Congressman Courtney.
January 15, 2020 Press Release
“The population of working Americans aged 60 and over is growing nationwide, and eastern Connecticut is fortunate to be home to a large number of those seniors,” said Congressman Courtney.
“the Tax Cuts and Jobs Act, imposed a new tax on nonprofits, including religious organizations, which required nonprofits to pay a 21% UBIT on parking and transportation benefits provided to their employees. This tax has been an enormous burden to many nonprofit and religious organizations in Connecticut."
December 2, 2019 Press Release
“The long-awaited contract awarded today – the largest ever awarded by the Navy – provides stability and certainty to our submarine shipbuilders, greater deterrent capability to our combatant commanders, and increased workload for the industrial base,” Courtney said.