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Sarah Crozier, sarah@mainstreetalliance.org, 303-868-9600
On a virtual call hosted by the Vermont chapter of the Main Street Alliance yesterday, Senator Bernie Sanders spoke with Vermont small business owners on the continuing COVID-19 crisis, and what support is still necessary to shore up a robust small business economy. From the Paycheck Security Act to health care needs, to child care, building pandemic resilience will take more than simply flipping a switch.
You can listen to the full call here.
Senator Bernie Sanders
"I think there is to some degree a rethinking of the very nature of American society, of how we create an economy that works for all, not just a handful of giant corporations, how do we address the issues of income and wealth inequality."
Senator Bernie Sanders
"Throughout this country, and especially in the state of Vermont, small businesses are the backbone of our economy. They are the backbone of local communities. Every small business has different needs, and if we are not flexible, and aggressive in saving small businesses, the future for our state, and probably every other state, is dire indeed."
Cynthia Ryan, Edgeworks Creative, Waterbury VT
"Towns in Vermont don't look like town after town in other states because they aren't dominated by chain restaurants, big box stores, and payday loan shops that make up so much of the rest of this country. It is so easy to see that Vermont is unique because of our small businesses. Unfortunately though, if real help for businesses doesn't come soon, Vermont will be utterly changed."
Sarah Gray, REV Indoor Cycling, South Burlington VT
"Small business is the working-class backbone of American life. We are innovators, hard workers and entrepreneurs. We work long hours, we care for our employees, and we know the first and last names of our customers. We live in the communities we serve and we support the local economy. If we are left to fail, large corporations will only get bigger and gain more control over the American tax-payer and voter."
Justin Barrett, Piecemeal Pies, White Riven Junction, VT
"Our landlord has made it clear that he doesn't want to wait for us to figure it out, so he is planning on converting our space into apartments unless we can open asap. I cannot tell you how disheartening it is to have put so much effort into creating meaningful jobs, a product we are proud of and thoughtful experiences for our guests, just to have the rug pulled out from under you."
Senator Bernie Sanders
"Somebody pointed out that I'm a strong advocate for the working class of this country, and that's true. I want you all to know that I consider what you are doing, small businesses, to be part of that working class .I know how hard you're working, and I know the kinds of anxieties many of you have, not just now but day-to-day running a small business. Worrying about your employees and doing well by your customers. I just want to reiterate and I say this with absolute sincerity....You're working hard, you want to make money and that's great. But you also understand to succeed as a state you got to worry about the children, got to worry about the environment, and treat people with respect and dignity."
Senator Bernie Sanders
"What we are proposing... is to do what we call the Paycheck Security Act, which essentially does what was done in Europe, and in fact was done in past legislation here in the CARES Act, and that is maintaining paychecks for workers. We did that for the airline industry."
Morgan Nichols, Vermont State Director, Main Street Alliance
"Main Street Alliance is supporting proposals put forward like your Paycheck Security Act and other proposals from your colleagues in Washington who recognize that in order to save our small business economy from the long term impacts of this pandemic, we must put the health and safety of our communities first."
Cynthia Ryan, Edgeworks Creative, Waterbury VT
"Not only were we not getting paid, we were using what was left of our personal funds to cover the expenses. But we were told not to worry, the PPP would be retroactive to the date the State of Emergency was declared, so we would at least be able to recover the personal funds we'd used for payroll. Once the PPP funds arrived, we found out that wasn't true. Without accurate information it feels impossible to make sound business decisions. I'm honestly scared to use the PPP funds!"
Sarah Gray, REV Indoor Cycling, South Burlington VT
"Thankfully, my landlord provided me with 50% rent forgiveness in April and May, but he is not legally bound to do so. I worry that if the State reopens fitness facilities in June, my landlord will ask for and expect 100% of the rent and then my business may not survive."
Cynthia Ryan, Edgeworks Creative, Waterbury VT
"I am trying to do everything correctly -- these are public funds and I feel a real responsibility to use them as was intended by Congress -- but there is no clarity about the terms. Our company can't afford to take on more debt; but feedback regarding the terms for forgiveness seems to change daily and neither my bank nor I have anything in writing that indicates any of the loan will be forgiven. What keeps me up at night is that I don't know what I have signed on to."
Justin Barrett, Piecemeal Pies, White Riven Junction, VT
"The clock on the PPP is running out, I still don't have clear guidance about the rules for forgiveness and I still just don't know how I'm going to pay both business rents, and my personal rent. The PPP doesn't work for small businesses with high overhead, and it doesn't help in the long run."
Senator Bernie Sanders
"If there was ever a moment in American history when I would hope that people recognize that health care should not be an employer responsibility, but should be a human right guaranteed to all of our people, whether you're working for a small business, a big business, whether you're employed, whether you're a child, or whether you're retired.... It would be a tremendous burden off the backs of small businesses in good times and in bad times."
Senator Bernie Sanders
"It goes without saying to me, that if we're concerned about the future of this country, if we're concerned about the need to have the best educated population on earth in a competitive global economy then we have got to have universal child care. That means everybody, every parent in this country regardless of income knows that there's great quality child care available, where the instructors there are well trained and well paid... this will be a boon to small business."
Michele Asch, VP Leadership and Organizational Development. Twincraft Skincare
Winooski, VT
"I've seen firsthand that our business's success and future growth is limited unless our employees have access to safe, affordable and high quality child care. Covid-19 has made us all painfully aware of the critical role that child care plays in our society. It is becoming clearer to all that child care is not an economic accessory; it is an absolute necessity to a thriving society and economy...The pandemic has exposed the inequities in this fragile system and exacerbated the child care crisis Vermonters were already facing."
"State and national organizations are advocating for at least $50 billion in flexible funds for child care in the next recovery bill. The House leadership's proposal does not go nearly far enough...These funds will not only save the child care programs destined to close without it, it will provide the catalyst to establish a long term solution to our child care crisis throughout the U.S. Accessible, high quality child care is one of the pillars of economic and social progress - part of the NEW DEAL that will help create a healthy society for all Americans."
Senator Bernie Sanders
"We're going to have to greatly expand testing, we're going to have to improve testing... We need global cooperation in developing a vaccine as soon as we can, and to make sure that everybody in the country, regardless of their income has that vaccine."
The Main Street Alliance (MSA) is a national network of small business coalitions working to build a new voice for small businesses on important public policy issues. Main Street Alliance members are working throughout the country to build policies that work for business owners, their employees, and the communities they serve.
More than 7 million borrowers booted from a Biden-era loan forgiveness program will have to quickly switch to a new plan using a system that's been backed up for months.
After axing a Biden-era student loan repayment program, the Trump administration is threatening to kick its millions of mostly low-income beneficiaries onto the government's most expensive plan unless they switch to a new one quickly.
The Washington Post reported on Friday that the Department of Education was beginning to email the more than 7 million people enrolled in the Saving on a Valuable Education (SAVE) program, telling them they needed to change their plan within the next 90 days.
Around 4.5 million of those borrowers earn incomes between 150% and 225%, allowing them to qualify for zero-dollar monthly payments under SAVE, which the Trump administration effectively killed in December after settling with Republican states who'd brought lawsuits against the program under former President Joe Biden.
Anonymous officials told The Post that those who do not switch plans within three months of receiving the email will automatically be re-enrolled in the Standard Plan. Unlike SAVE, which is income-based, the Standard plan has borrowers pay a fixed rate over 10 years.
Standard typically carries the highest monthly payments, and those transitioning to it from SAVE could pay more than $300 extra per month in some cases, with the poorest borrowers seeing the sharpest increases.
While 90 days may seem like plenty of time to switch to a less expensive repayment plan, it's not nearly that simple.
Due to the large exodus of borrowers, the Department of Education has struggled to process all the forms, processing only about 250,000 per month. Many borrowers who have tried to transition have found themselves waiting months for a reply.
To make matters more confusing, many of these borrowers will have to switch programs again soon, since all but one repayment program will be dissolved on July 1, 2028 as a result of last year's Republican budget law. The remaining plan will also be income-driven, though it is still expected to cost borrowers more each month.
According to a report released last month by the Century Foundation and Protect Borrowers, two groups that support loan forgiveness, nearly 9 million student loan borrowers are in default. During Trump's first year back in office, the student loan delinquency rate jumped from roughly zero to 25%, which it called "precedent-shattering."
"Much of the rise in delinquencies can be linked to the Trump administration’s actions aimed at increasing student loan payments," the report said. “The US Department of Education blocked borrowers from accessing more affordable payments through income-driven plans, having ordered a stoppage in application processing for three months and mass-denying 328,000 applications in August 2025. As of December 31, 2025, a warehouse’s worth of 734,000 applications sat unprocessed.”
Being in default has major ramifications for borrowers' finances. Those with delinquent loans saw their credit scores decrease by an average of 57 points during the first three quarters of 2025, dragging around 2 million of them into "subprime" territory, which forces them to pay thousands of dollars more for auto and personal loans and makes them more likely to have difficulty finding housing and employment.
The report estimated that if those booted from SAVE defaulted at the same rate as other borrowers, the number of student loan borrowers in distress could rise as high as 17 million.
According to Protect Borrowers, the typical family will pay more than $3,000 per year in additional costs as a result of the end of SAVE.
The end of SAVE comes as oil shocks caused by Trump's war in Iran have spiked gas prices and threaten to raise them throughout the economy, adding to the already elevated costs of food, housing, and transportation resulting from the president's aggressive tariff regime.
"In the middle of an affordability crisis driven by Donald Trump," said Sen. Elizabeth Warren (D-Mass.), "Trump is killing a plan that lowers student loan costs. It's shameful."
"The United States and Iran are trapped in a conflict in which each new escalation only deepens a shared, losing predicament... Sooner rather than later, both will confront the urgency of finding an off-ramp."
Multiple reports published in the last two days have indicated that President Donald Trump is seeking to wrap up his illegal war in Iran, which has significantly hurt his domestic political standing—partially by raising gas prices at a time when polls show US voters are primarily concerned about the cost of living.
While ending the Iran war will not be simple, some foreign policy experts believe that it can be done if both the US and Iran truly understand that deescalation is in both nations' best interests.
George Beebe, director of grand strategy at the Quincy Institute for Responsible Statecraft and former director of the CIA’s Russia analysis, and Trita Parsi, executive vice president of the Quincy Institute, have written an essay published on Thursday by Foreign Policy outlining what an achievable Iran "exit plan" would look like.
The authors acknowledged the immense challenges in getting both sides to meet one another halfway, but said this option is preferable to a drawn-out war that will leave both nations poorer and bloodied.
On Iran's side, argued Beebe and Parsi, a deal would involve renewing "its stated commitment to never pursue nuclear weapons," re-opening the Strait of Hormuz to all shipping vessels, and making a commitment "to denominating at least half of its oil sales in US dollars rather than the Chinese yuan."
The US, meanwhile, would "grant sanctions exemptions to countries prepared to finance Iran’s reconstruction" and "would also permit a specified group of states—such as China, India, South Korea, Japan, Turkey, Iraq, and others in the Gulf—to resume trade with Tehran and the purchase of Iranian oil, thereby easing global energy prices."
Beebe and Parsi emphasized that this deal would only be a first step, and they said the next step would be restarting negotiations to establish a nuclear weapons agreement similar to the one previously negotiated by the Obama administration that Trump tore up during his first term.
"The United States and Iran are trapped in a conflict in which each new escalation only deepens a shared, losing predicament," they wrote. "Neither can compel the other’s surrender. Sooner rather than later, both will confront the urgency of finding an off-ramp—one that does not hinge on the other’s humiliation."
Even if Trump takes this course of action, however, there is no guarantee it will succeed, in part because of how much he has already damaged US alliances across the world.
In an analysis published Thursday, Sarah Yerkes, senior fellow at the Carnegie International Endowment for Peace's Middle East Program, argued that even nations in the Middle East that stand to benefit from a weakened Iran are now thinking twice about their dependence on the US for their security needs, given that Trump's war has resulted in Iran launching retaliatory strikes throughout the region.
Yerkes also highlighted how Trump's handling of European allies is making it less likely that they will play a significant part in helping him end the conflict.
"Europe, which is not eager to enter what it sees as a war of choice, has refrained from proactively joining US and Israeli strikes," Yerkes explained. "One of the clearest examples of the transatlantic rift was over the initial reaction to closures in the Strait of Hormuz, the shipping channel for approximately 20% of the world’s seaborne oil and LNG traffic. Multiple European countries refused to cow to Trump’s demand that they send warships to help keep the strait open, inviting public ire from Trump."
The bottom line, warned Yerkes, is that "each day the war continues, without explicit goals or a clear exit strategy, opposition to the United States—from friends and foes, inside and outside—is also likely to grow, making America less safe and less secure."
"We should attract the best and brightest in our country to become teachers and pay them the decent wages that they deserve."
US Sen. Bernie Sanders on Friday rejected First Lady Melania Trump's vision of a near-future in which artificial intelligence-powered humanoid robots do the work of human school teachers, arguing that society should instead do better by its human educators.
The wife of President Donald Trump entered Wednesday's gathering of the Global First Ladies Alliance accompanied by Figure 03, an AI-powered "general purpose humanoid robot" developed by the Sunnyvale, California-based company Figure.
“The future of AI is personified," Trump told attendees, who included Brigitte Macron of France, Sara Netanyahu of Israel, and Olena Zelenska of Ukraine. “It will be formed in the shape of humans. Very soon artificial intelligence will move from our mobile phones to humanoids that deliver utility.”
“Imagine a humanoid educator named Plato," she said. “Access to the classical studies is now instantaneous: literature, science, art, philosophy, mathematics, and history. Humanity’s entire corpus of information is available in the comfort of your home.”
Responding to Trump's remarks, Sanders (I-Vt.) said Friday on social media: "Call me a radical, but NO."
"We should not be replacing teachers in America with robots," the senator added. "We should attract the best and brightest in our country to become teachers and pay them the decent wages that they deserve."
Trump and Macron also warned about the dangers technology poses to children in remarks that came the same week that a New Mexico jury ordered tech titan Meta to pay a $375 million penalty for endangering youth and jurors in a landmark social media addiction trial found that Meta and YouTube harmed a child user of their platforms.
The office of California Gov. Gavin Newsom—who is believed to be a likely contender for the 2028 Democratic presidential nomination—also slapped down the idea of robot teachers, as did ordinary social media users.
"They want to replace human beings. Where will we work? How do we make money?" asked one X account with tens of thousands of followers. "No one wants this. We did not ask for it. Fuck all of this shit."