the cap on gambling earnings from one-third of a company’s revenue to one-half. The new rule removes the cap altogether.“On further consideration, the Administrator, in consultation with the Secretary, believes this approach is more consistent with the policy aim of making PPP loans available to a broad segment of U.S. businesses,” the Treasury Department wrote in the rule issued Friday.applauded
the decision, saying it makes “small gaming companies eligible for this critical program just as Congress has replenished its funding.” In an April 8 letter to Trump, the AGA had condemned the previous ban on casinos getting small-business funds as “antiquated policy,” that “individuals who are laid off will otherwise be pushed into unemployment assistance and Medicaid.”Members of Congress representing Nevada from both parties have pressed the administration in recent weeks to make the change. The state’s senators, Democrats Catherine Cortez Masto and Jacky Rosen, and Gov. Steve Sisolak celebrated the move.“This is a great step forward for our gaming small businesses.
“Granted they provide some jobs, but it’s not what I would consider a socially significant industry. Casino owners have a lot of money in the first place,” Holman said.“What is very offensive about this is that the casinos have been pouring a lot of money into lobbying to try to get included in the various bailout programs. … Now it appears that lobbying effort has paid off,” Holman said.
Treasury Department and Small Business Administration officials did not respond to requests for comment.
maggieNYT W T F Always ppl who suffer Crooks
A casino is hardly a small business....looks like lawsuits will be in order
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U.S. banks in another mad grab for $310 billion in new small-business aidU.S. banks on Monday began another chaotic dash to grab $310 billion in fresh small-business aid released by the government, after 11th-hour changes to the first-come-first-served program led to technology issues for some lenders. What is she trying to measure ? If only there was an IG overseeing this money, instead of a couple of Trump's trick poodles. realDonaldTrump This kind of stupid mad dash to the money will not help the overall economy. realDonaldTrump SpeakerPelosi
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »
U.S. banks battle technology issues in race for $310 billion in new small-business aidU.S. bankers racing to grab $310 billion in fresh small-business aid worked through the night on Tuesday, with many battling ongoing technology problems created by 11th hour changes to the first-come-first-served program, multiple bankers said. One of the troubles with this country are the banks, keep them out of the small business loans in the bailout. Keep big Banks out today. Sorry, but this isn't going to go to small businesses. We've already seen what they think is a 'small business'.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »
Small-business loan program resumes with new funding as the Lakers return money received in first trancheDespite early glitches and overwhelming demand, the Small Business Administration processed more than 100,000 Paycheck Protection Program loans by more than 4,000 lenders. I totally cannot believe the Lakers took money? Seriously? 55,000 Americans dead and the Lakers do a money grab? Wtf? AEG who owns part of the team is a multi billon dollar company. The Lakers shouldn’t have gotten a dime. Or this
Источник: L.A. Times Health - 🏆 364. / 59 Прочитайте больше »
Speaker Pelosi on small business stimulus: 'No matter where you work, it's about jobs''No matter where you work, it's about jobs,' Speaker Pelosi says while discussing the second round of funding for the Paycheck Protection Program. She says if a business 'needs an infusion to keep people on the job, that's what this is about.' Then why did she delay it for so long? Where are we getting all this money from?
Источник: MSNBC - 🏆 469. / 51 Прочитайте больше »
Lakers return $4.6 million loan they received as part of government's small-business programLakers return $4,600,000 loan they received as part of government's small-business program The Lakes actually applied for the loan. Perhaps that is the issue.
Источник: YahooNews - 🏆 380. / 59 Прочитайте больше »