Restaurants need "direct income replacement"

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  • Courtesy photo American celebrity chef Tom Colicchio said the balance of restaruranrt economy is in danger. He suggested the “direct income replacement” is needed to stop the bleeding of rthe restaurant industry.
    Courtesy photo American celebrity chef Tom Colicchio said the balance of restaruranrt economy is in danger. He suggested the “direct income replacement” is needed to stop the bleeding of rthe restaurant industry.
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US chef Tom Colicchio said he thinks three in four of restaurants won’t be able to rebound after the coronavirus.

Colicchio, a “Top Chef” judge, said “direct income replacement” is required to stop the bleeding of the restaurant industry, and he hopes to see it in a government stimulus bill.

“Once we get open, it’s really important that we stay open,” he said. "We need those employees to stay employed, so we’re going to need some additional runway to get our restaurants open and some cushion until we can get up to full capacity.”

Some context: The United States restaurant industry employs more than 15 million people, and about 70% of restaurants are small and independent.

The National Restaurant Association wrote a letter last week to President Trump and senior federal lawmakers, seeking $325 billion in aid.