Economics
Self-Employed Get Raw Deal in U.S. Multitrillion-Dollar Rescues
- Independent contractors winning loans will be ‘dismally small’
- 80% of U.S. small businesses have just one employee: the owner
Source: Getty Images
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The frustrations are piling up for Dara Padwo-Audick, who runs a video production firm in Virginia: She never heard a word on her loan application under the government’s Paycheck Protection Program, she’s been blocked from collecting unemployment insurance, and even had a glitch with the Internal Revenue Service over her stimulus check.
“Other companies are getting large sums,” said Padwo-Audick, frustrated at the lack of relief for independent contractors like her. “I kind of question how is this being allocated and who’s doing this allocation.”