Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images/McConnell blasted the $3.4 trillion Democratic stimulus plan a day after Biden implored Congress to pass it.
"House Democrats' so-called 'HEROES Act' is so unserious that it was condemned by the Speaker's own moderate Democrats the instant she put it out," the Kentucky Republican wrote in a tweet.
It's unclear how Republicans and Democrats will bridge the significant divisions that remain as virus cases surge and some states and cities reimpose new lockdowns.
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Senate Majority Leader Mitch McConnell fiercely criticized the Democratic stimulus plan on Tuesday, only a day after president-elect Joe Biden pressed Congress to pass it during his first major economic speech.
"House Democrats' so-called "HEROES Act" is so unserious that it was condemned by the Speaker's own moderate Democrats the instant she put it out," the Kentucky Republican wrote in a tweet.
—Leader McConnell (@senatemajldr) November 17, 2020
He continued: "Huge tax cuts for rich people in blue states, but no second round of the Paycheck Protection Program? Those are their priorities?"
McConnell is referring to a provision within the measure to waive the $10,000 cap on the state and local tax deduction — better known as SALT — for two years. Experts say the step would largely benefit wealthier taxpayers.
The Senate majority leader's comments come only a day after Biden pressed Congress to approve the $3.4 trillion stimulus plan. It's an expansive one that includes $1,200 direct payments, $600 federal unemployment benefits, significant state aid, as well as added funding for virus testing and tracing.
"Refusal of Democrats, Republicans to cooperate with one another is not due to some mysterious force beyond our control," he said. "It's a conscious decision. If we can decide not to cooperate, we could decide to cooperate."
Read more: Centrists! They're real! Here are 26 who will matter quite a bit for Joe Biden and his plans to govern in a divided post-Trump America.
Republicans staunchly opposed the plan after House Democrats passed it in May and there's little indication that has changed in the months since. The GOP is calling to pass a slimmer $500 billion relief plan instead which contains assistance for small businesses and health funds. It also includes a lower amount of federal unemployment benefits.
"I think right now that the Democrats would have to come a long way back to reality with us to get a bill," Senate Appropriations chair Richard Shelby told reporters on Capitol Hill Tuesday.
It's unclear how both parties will bridge these significant divisions before Congress adjourns next month. McConnell is playing a larger role in crafting the next stimulus bill with Trump taking a backseat. Democrats and Republicans are digging in on their priorities.
Economists are imploring lawmakers to approve another stimulus package to keep struggling individuals and businesses afloat, especially as virus cases surge. Some states and cities are reimposing lockdowns to derail the pathogen's quick spread.
Lawmakers are also focusing on must-pass spending bills to keep government agencies funded for the next fiscal year. They need to be approved by December 11 to avert a government shutdown.
"The Speaker would like to do that. I would like to do that," McConnell said on Tuesday. "Hopefully that will be the view of the administration as well."
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TROY, Mich., July 24, 2020 /PRNewswire-PRWeb/ -- Inspired by the ceremonies namesake, Florence Nightingale, committee members carried on the 32 year tradition by providing an innovative virtual mixer and live stream ceremony that applauds the dedication and commitment of outstanding nursing professionals who actively shape the future healthcare. This year, AmeriCare Medical, Inc. partnered with Oakland University as a scholarship sponsor for Post Acute Care and Specialty Nursing with Paula Lavesque from Beaumont Health Systems taking home the prestigious nursing award.
"The award night event proved to be like no other, along with the virtual setting, it is the 200th Anniversary of Florence Nightingale's birth year and the World Health Organization designated 2020 as the Year of the Nurse," stated Greg Jamian, CEO of AmeriCare Medical, Inc., and board member of the Oakland University School of Nursing. "Now more than ever, we are proud and honored to once again continue our partnership with Oakland University to recognize nursing leaders who integrate life-long learning, skills and values into their professional practice within our community."
AmeriCare's company, AmeriStaff Nursing Services has been an exemplary employer of the nursing fields, and currently employs over 300 nurses to businesses, hospitals, governments and assisted care facilities throughout Michigan. Two thirds of AmeriStaff's Nursing Management Team are alumni of the Oakland University's School of Nursing.
There were eleven Nightingale award winners and another eleven runner-ups that received scholarships or recognition for exceptional service. For over three decades, this has been a night to acknowledge and strengthen the entire southeastern Michigan nursing community.
Since 1980, AmeriCare Medical, Inc. has provided integrated health care services to hospitals, assisted care facilities and private homes throughout Michigan. AmeriCare Medical, Inc. is the parent company of AmeriStaff Nursing Services, Sun Medical Equipment and Rx iV Pharmacy, making it a one stop shop for patients and all of their home care needs. For more information visit: https://www.americaremedical.com# # # #
SOURCE AmeriCare MedicalInc.
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company ("DPW,” or the "Company”) announced that the Company has complied with all requirements of the Final Order in the Derivative Action and that Howard Ash has joined its board of directors (the "Board”).
As previously disclosed, the United States District Court in the Central District of California (the "Court”) issued a preliminary order on April 15, 2020 (the "Preliminary Order”) approving a Motion for Preliminary Approval of Settlement in the derivative action filed on July 31, 2018. The Preliminary Order approved a definitive settlement agreement dated February 24, 2020 (the "Settlement Agreement”), that was intended to settle the derivative litigation captioned Ethan Young and Greg Young, Derivatively on Behalf of Nominal Defendant, DPW Holdings, Inc. v. Milton C. Ault, III, Amos Kohn, William B. Horne, Jeff Bentz, Mordechai Rosenberg, Robert O. Smith, and Kristine Ault and DPW Holdings, Inc., as the nominal defendant (Case No. 18-cv-6587) (the "Derivative Action”).
As previously disclosed, the Company subsequently announced the issuance of the final order (the "Final Order”), which approved the terms of the Settlement Agreement. On July 16, 2020, the Court entered a Judgment based upon the Final Order (the "Judgement”).
Under the terms of the Final Order approving the Settlement Agreement, the Board has implemented certain reforms to the Company’s bylaws, committee charters, corporate governance policies, and the composition of the Board, including the resignation of Amos Kohn as a member of the Board and as the Company’s President and the appointment of two new independent directors, one of whom, Ms. Jodi Brichan, was appointed to the Board on December 30, 2019. As of August 13, 2020, the Company had fully complied with its obligations under the Final Order and the Judgment.
On August 13, 2020, as noted above, the Company appointed Mr. Ash to the Board.
Mr. Ash will also serve on the audit, compensation and nominating and governance committees.
"I am delighted to join the board of DPW Holdings, Inc. I look forward to bringing my experience to the board and playing a role in the continuing development of the company in realizing and fulfilling its vision,” said Howard Ash.
DPW’s CEO and Chairman, Milton "Todd” Ault, III said, "We are excited to have Howard join our board. We will greatly benefit from his CEO and public company board experience as well as his global operations expertise as DPW continues to execute its strategy of diversified, profitable global growth,” he adds.
Howard Ash is an accomplished executive with extensive experience in business and finance, who served as CEO, COO and CFO to a variety of high profile, international companies. Mr. Ash continues to serve as Chairman of Claridge Management since 2000. Mr. Ash was a director of Net Element, Inc., (NASDAQ-NETE) from June 13, 2016 through July 13, 2020 serving as Chairman of both the Audit and Compensation committees, as well as the Nominating and Governance Committees during his tenure. He served as Chief Operating Officer of BioCard Corporation from 1997 to 2007. He served as Chief Operating Officer of CITA Americas, Inc. from 1996 to 1997. Mr. Ash served as Chief Executive Officer of IEDC Marketing, Inc. from 1992 to 1996. He held a CFO/Chief Strategist position at Abrams, Ash & Associates from 1990 to 1992. Mr. Ash currently serves on the Advisory Board of the UK based E2Exchange, the Institute of Entrepreneurs, since 2011, and is the only non-UK citizen holding that position. Mr. Ash served from 2009 to 2014 in a senior development and strategic capacity for One Laptop Per Child, a global NGO created to provide educational opportunities providing laptops to the world’s poorest children. Prior Chairmanships include the 2009 through 2012 term for the Sturge Weber Foundation, a non-profit organization dedicated to curing this rare but fatal syndrome affecting children. Previously, Mr. Ash was an Advisory Board Member to Edge Global Investment Limited which forged a strategic partnership with the Africa Forum, consisting of 37 former Heads of State and Government. Mr. Ash started an interest-free micro-loan society in 1987 that has provided more than $15 million in micro-loans throughout the United States and Israel. In 1999, Mr. Ash founded the Circle of Life Resource Center, Inc., a food bank in Miami, Florida that feeds several hundred families per week. Howard earned a Bachelor of Commerce degree, with Honors in Accounting and Law from the University of Witwatersrand (South Africa) in 1980. The Company believes that Mr. Ash’s extensive experience as a business and finance executive and member of multiple oversight bodies, provides him with the necessary skills to be qualified to serve as a director of the Company.
While Amos Kohn resigned as a member of the Board and as the Company’s President, he remains the President and CEO of the Company’s wholly owned subsidiary, Coolisys Technologies Corp. The Company acknowledges and thanks Amos for his more than a decade of service as President and looks forward to exciting developments expected from his continued leadership at Coolisys Technologies Corp.
For more information on DPW Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.
This press release contains "forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes,” "plans,” "anticipates,” "projects,” "estimates,” "expects,” "intends,” "strategy,” "future,” "opportunity,” "may,” "will,” "should,” "could,” "potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
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