... "The data shows that this program primarily benefited the well-banked and well-lawyered at the expense of the small businesses it was supposed to benefit," Hempowicz said...
https://www.washingtonpost.com/business/2020/12/01/ppp-sba-data/
Showing posts with label Paycheck Protection Program. Show all posts
Showing posts with label Paycheck Protection Program. Show all posts
Friday, December 4, 2020
Tuesday, September 1, 2020
FFRF condemns Catholic lobbying for billions | Freethought Today
The Roman Catholic Church, including many of its dioceses involved in clergy sexual abuse cover-ups, has appeared to rake in the biggest haul of taxpayer COVID-19 relief money going to religious institutions — possibly exceeding $3.5 billion, according to a shocking analysis by the Associated Press.
“By aggressively promoting the payroll program and marshaling resources to help affiliates navigate its shifting rules, Catholic dioceses, parishes, schools and other ministries have so far received approval for at least 3,500 forgivable loans,” AP reported on July 10.
https://www.freethoughttoday.com/vol-37-no-07-september-2020/ffrf-condemns-catholic-lobbying-for-billions
Sunday, August 16, 2020
Dozens of religious groups got highest tier of funds | Freethought Today
Under the government’s Paycheck Protection Program, at least two dozen religious organizations received the highest tier of funds (between $5 million and $10 million), according to Religion News Service.
Of those dozens, two megachurches — Willow Creek Community Church near Chicago and Life.Church in Edmond, Okla. — were included.
https://www.freethoughttoday.com/vol-37-no-06-august-2020/dozens-of-religious-groups-got-highest-tier-of-funds
https://www.freethoughttoday.com/vol-37-no-06-august-2020/dozens-of-religious-groups-got-highest-tier-of-funds
Monday, August 3, 2020
Churches took in $6B of taxpayer money | Freethought Today
The Freedom From Religion Foundation condemns the unconstitutional, possibly corrupt handout of taxpayer funds to churches, including churches run by some of President Trump’s closest allies, under the Paycheck Protection Program. New data released by the Small Business Administration on the program’s forgivable loans shows that more than 12,400 American churches took in billions of taxpayer dollars (while some were helping to spread the pandemic). ....
https://www.freethoughttoday.com/vol-37-no-06-august-2020/churches-took-in-6b-of-taxpayer-money
https://www.freethoughttoday.com/vol-37-no-06-august-2020/churches-took-in-6b-of-taxpayer-money
Wednesday, July 29, 2020
The Small Biz Double-Dip: Temp Companies Got Cheap Government Money, Got Paid by Clients for the Same Workers — ProPublica
One of the biggest beneficiaries of the Paycheck Protection Program for small businesses were temp agencies. Many have been able to turn the government loans into profits.
https://www.propublica.org/article/the-small-biz-double-dip-temp-companies-got-cheap-government-money-got-paid-by-clients-for-the-same-workers
https://www.propublica.org/article/the-small-biz-double-dip-temp-companies-got-cheap-government-money-got-paid-by-clients-for-the-same-workers
Tuesday, July 21, 2020
Dozens of religious groups got highest tier of funds | Freethought Today
Under the government’s Paycheck Protection Program, at least two dozen religious organizations received the highest tier of funds (between $5 million and $10 million), according to Religion News Service.
Of those dozens, two megachurches — Willow Creek Community Church near Chicago and Life.Church in Edmond, Okla. — were included.
https://www.freethoughttoday.com/vol-37-no-06-august-2020/dozens-of-religious-groups-got-highest-tier-of-funds
https://www.freethoughttoday.com/vol-37-no-06-august-2020/dozens-of-religious-groups-got-highest-tier-of-funds
Churches took in $6B of taxpayer money | Freethought Today
The Freedom From Religion Foundation condemns the unconstitutional, possibly corrupt handout of taxpayer funds to churches, including churches run by some of President Trump’s closest allies, under the Paycheck Protection Program. New data released by the Small Business Administration on the program’s forgivable loans shows that more than 12,400 American churches took in billions of taxpayer dollars (while some were helping to spread the pandemic). ....https://www.freethoughttoday.com/vol-37-no-06-august-2020/churches-took-in-6b-of-taxpayer-money
Sunday, July 12, 2020
Wolff Responds Capitalist Reality vs Conservative Ideology - YouTube
In this video, Prof. Wolff comments on the recent scandal surrounding the Payroll Protection Program (PPP) rolled out by the government to help businesses affected by the Coronavirus outbreak. The largest beneficiaries of the program have been the very same people who oppose and condemn government support. Yet another grotesque example of big capitalists making money at everybody else's expense.
https://www.youtube.com/watch?v=mb67f32wmUk&feature=youtu.be
https://www.youtube.com/watch?v=mb67f32wmUk&feature=youtu.be
Friday, July 10, 2020
Televangelists take a slice as churches accept billions in US coronavirus aid
More than 10,600 religious organizations have taken at least $3bn in coronavirus financial aid from the US government, according to an analysis by the Guardian, raising concerns about the separation of church and state. The list of recipients of federal Paycheck Protection Program payments includes churches, synagogues, temples and private religious schools. Among them are the ministries of wealthy televangelists accused of fraud and one “secretive sect”.....
https://www.theguardian.com/us-news/2020/jul/09/televangelists-churches-us-coronavirus-aid-billions
https://www.theguardian.com/us-news/2020/jul/09/televangelists-churches-us-coronavirus-aid-billions
Wednesday, July 8, 2020
Televangelists, Dallas megachurch that hosted Pence approved for millions in pandemic aid - Reuters
Megachurches and other religious organizations with ties to vocal supporters of U.S. President Donald Trump were approved for millions of dollars in forgivable loans from a taxpayer-funded pandemic aid bailout, according to long-awaited government data released this week.
https://www.reuters.com/article/us-health-coronavirus-ppp-religious-idUSKBN2480CB
Tuesday, July 7, 2020
Here are some of the billionaires who got PPP loans while small businesses went bankrupt
"PPP was sold to the American people as a program to help Mom-and-Pop shops keep their lights on during the pandemic," Kyle Herrig, president of Accountable.US, a government watchdog group, said by email. "The reality is that the Trump administration created a program that helped the well connected cut to the front of the line to get these loans."
https://www.nbcnews.com/business/business-news/here-are-some-billionaires-who-got-ppp-loans-while-small-n1233041
Small Business Administration releases records on Paycheck Protection Program loans - The Washington Post
Almost 90,000 employers also appear to have received money despite not saying how many jobs they would save
https://www.washingtonpost.com/business/2020/07/06/sba-ppp-loans-data/
https://www.washingtonpost.com/business/2020/07/06/sba-ppp-loans-data/
Wednesday, April 22, 2020
The Small-Business Aid Program Has Been a Fiasco - NYTimes
Fortunately, there’s an easy fix.
https://www.nytimes.com/2020/04/21/opinion/paycheck-protection-program.html
https://www.nytimes.com/2020/04/21/opinion/paycheck-protection-program.html
Small businesses sue Wells, JPMorgan, other banks over PPP loans - POLITICO
Bank of America, JPMorgan Chase, U.S. Bank and Wells Fargo are being sued by small business owners, who claim the big lenders unfairly favored companies seeking higher loan amounts under the government-backed Paycheck Protection Program.
https://www.politico.com/news/2020/04/20/small-business-sue-wells-jpmorgan-197456
https://www.politico.com/news/2020/04/20/small-business-sue-wells-jpmorgan-197456
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