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Young highlights Indiana Paycheck Protection Program success stories

(Saige Driver/95.3 MNC)

The Senate reconvened this week after a weeks-long break because of the coronavirus pandemic.

Sen. Todd Young has been an ardent supporter of the Paycheck Protection Program, which he said has helped many small businesses in Indiana stay on their feet.

“The thing that I have heard most consistently from people is that the Paycheck Protection Program was the right program at the right time,” Young said to reporters on Capitol Hill Tuesday. “We know in the state of Indiana this program has worked.”

Young highlighted several businesses that have benefited from the PPP. Such as Troyer Products in Elkhart which he said was able to keep 21 workers on staff because of funding from the program.

He also touched on another example in Immanuel Lutheran Church in Seymour which received a PPP loan that enabled them to keep their church staff, as well as the staff for the church-run daycare.

“I’m proud of my colleagues on the small business committee who help to develop this program,” Young said. “We will continue to be responsive to the needs of Hoosiers and all Americans and very thoughtful as we consider potentially spending more resources here until we get to the other side of this virus.”

Sen. Mike Braun was supportive of the plan but is wary on whether or not Congress should pass another relief package as many other lawmakers on Capitol Hill have been pushing for. The U.S. Treasury is expected to borrow around $3 trillion between April and June this year.

“That will come back to roost,” Braun told the Fox Business Network. “We weren’t supposed to be where we are now in public debt until about three to four years down the road.”

He said there is still a systemic issue in Washington D.C. when it comes to government spending.

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