Mainecat Posted March 25, 2020 Share Posted March 25, 2020 (edited) Great! Trump-Owned Companies Banned From Virus Aid in Stimulus Bill Source: Bloomberg The $2 trillion stimulus plan agreed to by White House and Senate leaders would ban any company controlled by President Donald Trump or his children from receiving loans or investments from Treasury programs. According to a summary circulated by the office of Democratic leader Chuck Schumer, businesses owned by the president, vice president, members of Congress or heads of executive departments would be excluded from receiving that aid. The block also would also extend to companies controlled by their children, spouses or in-laws. Trump broke with the practice of previous presidents who either divested assets that could cause conflicts of interest or put those assets in blind trusts. Instead, Trump transferred his assets to a revocable trust administered by his elder son, Donald Trump Jr., and Allen Weisselberg, the chief financial officer of the Trump Organization. Several Trump-branded properties have been affected by the virus-induced demand crash, as well as state and local restrictions on going out in public. The package, agreed to early Wednesday morning, would roll out billions in assistance for companies and states and cities, checks to most Americans and loans to small businesses to maintain payroll. The Senate is expected to vote later Wednesday on the measure. Read more: https://www.bloomberg.com/news/articles/2020-03-25/trump-owned-companies-banned-from-virus-aid-in-stimulus-bill?srnd=premium Edited March 25, 2020 by Mainecat Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 25, 2020 Share Posted March 25, 2020 This should be the provision of any company owned by members of congress. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted March 25, 2020 Gold Member Share Posted March 25, 2020 (edited) 2 minutes ago, racer254 said: This should be the provision of any company owned by members of congress. It is.... it’s in the story MC posted. It’s in the bold black section Edited March 25, 2020 by BOHICA Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 25, 2020 Platinum Contributing Member Share Posted March 25, 2020 good. Quote Link to comment Share on other sites More sharing options...
Big Crappie Posted March 25, 2020 Share Posted March 25, 2020 That's great! Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted March 25, 2020 Gold Member Share Posted March 25, 2020 They should have went further.... any business, large to small, if they had no federal tax liability last year they should not get any government relief. Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 25, 2020 Share Posted March 25, 2020 6 minutes ago, BOHICA said: It is.... it’s in the story MC posted. It’s in the bold black section Sorry, I barely get past the headlines of his TDS posts. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 25, 2020 Platinum Contributing Member Share Posted March 25, 2020 ong the deal's key provisions: The plan will rush financial assistance to Americans with direct checks to households in the middle class and in lower income levels, McConnell said. Previously, Republicans said this would amount to $1,200 to most American adults, among other payments. An extended unemployment insurance program for laid-off workers that will allow for four months of "full pay," according to Schumer, rather than the usual three months for most. It will also raise the maximum unemployment insurance benefit by $600 per week. It will apply to traditional workers for small and large businesses as well as those who are self-employed and workers in the gig economy. This was a key Democratic initiative, which Schumer dubbed "unemployment insurance on steroids." More than $150 billion for the health care system, including funding for hospitals, research, treatment and the Strategic National Stockpile to raise supplies of ventilators, masks and other equipment. Of that, $100 billion will go to hospitals and the health system and $1 billion to the Indian Health Service. $150 billion to state and local governments to address spending shortages related to the coronavirus pandemic. $350 billion for small businesses impacted by the pandemic in the form of loans; some of those loans could be forgiven. The plan also includes several of Democratic oversight initiatives. Among those, it creates a Treasury Department special inspector general for pandemic recovery and a Pandemic Response Accountability Committee to oversee loans to businesses. It also prohibits businesses controlled by the president, vice president, members of Congress and heads of executive departments from participating in the loan or investment programs, Schumer's office said. In addition, the children, spouses and other relatives will also be banned, they said. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted March 25, 2020 Share Posted March 25, 2020 2 hours ago, racer254 said: This should be the provision of any company owned by members of congress. Yes. Fortunately they find other ways. Clever devils! 2 hours ago, BOHICA said: It is.... it’s in the story MC posted. It’s in the bold black section Yeah, pertinent facts on the last page as usual. Hey, at least it’s there though...many aren’t. Fortunately for them, MC and the like just need Trump in the headlines. Imbeciles are like that. Quote Link to comment Share on other sites More sharing options...
Big Crappie Posted March 25, 2020 Share Posted March 25, 2020 Wow is that a misleading headline. Quote Link to comment Share on other sites More sharing options...
Redheaded Stepchild Posted March 25, 2020 Share Posted March 25, 2020 Just now, Big Crappie said: Wow is that a misleading headline. MC gut hooked again. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 25, 2020 Author Share Posted March 25, 2020 Really? Lmao Quote Link to comment Share on other sites More sharing options...
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