Rosemary Becchi Statement on President’s Action to Stem Coronavirus Economic Damage

“I applaud the President’s swift response to the economic hardships on New Jersey families caused by the coronavirus.” 

Morristown, NJ  –  Rosemary Becchi, the GOP candidate campaigning to reclaim New Jersey’s 11th District Congressional seat, issued the following statement regarding President Donald Trump’s emergency measures to prevent the coronavirus from causing an economic slowdown:

“I applaud the President’s swift response to the economic hardships on New Jersey families caused by the coronavirus.  The President’s proposed temporary payroll tax cut and paid leave for hourly employees unable to work due to the virus will provide much needed relief during this epidemic.  We should continue to prepare for the worst to prevent it from happening.  That includes taking care of hard working people in New Jersey who can’t work from home and may miss time from their jobs.

There are additional ideas that should be considered as well, including:

allowing businesses to skip their mandated first quarter estimated tax payments allowing new operating losses to be carried back two years allowing interest expense deductions despite the limit capped at earnings before income taxes, depreciation and amortization and enacting a temporary employee retention tax credit.

It is my hope Congress will support this initiative and move immediately and without partisanship to support those who will be economically impacted by the coronavirus.  The President’s actions and leadership embody the leadership and support that New Jersey families and businesses deserve.

Together, our leaders must continue to focus on the health of New Jersey families and the economic impacts of the virus and not use this for political gain.”