Loopholes In Small Business Relief Program Allow Thriving Companies To Cash In

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The Paycheck Protection Program was meant to help small businesses clobbered by coronavirus shutdowns. But the law's fine print allowed thriving companies to get the money, too.

"For us to be able to increase our manufacturing capabilities, we thought that having this supplemental dollar amount or loan would be very helpful ... in helping us," says Gail Page, a Chembio board member and former interim CEO."When you get these pandemics, then there's all of a sudden this big rush and you need to be able to supply."

"The goal here isn't to expand the size of the companies," says Marc Goldwein, senior policy director for the D.C.-based Committee for a Responsible Federal Budget."The goal here is to kind of keep them alive while we get through this crisis." Page says it was totally proper for her company, which has gotten government grants over the years to work on testing, to take the paycheck protection money.

One problem with the first round of disbursements was that the law was murky. Sen. Rick Scott, R-Fla., expressed concern in a written statement last week that companies not harmed by the pandemic found loopholes and got millions of dollars in loans. Much of those loans will be forgiven by the government if they're used properly.

 

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I wonder how much the companies Trump owns got?

What else would you expect from this administration?

No surprise. This administration doesn’t care about small businesses at all or the little people...rich get richer

Surprise surprise surprise 🙄

BIG Liberal media DEMOCRAT LIE : that President Trump called the coronavirus a 'democrat hoax.' The TRUTH : President Trump was referring to the democrats politicizing of the coronavirus, NOT the coronavirus itself.

BIG DEMOCRAT LIE: That President Trump claimed injecting people with disinfectants would cure them of the coronavirus. The TRUTH: President Trump made NO such claim and neither did he encourage people to ingest disinfectants.

The rich will get so much richer by the time everything recovers and the rest of us will be left floundering in debt

WHERE ARE THE 5 Million Tests? WHERE ARE THE 5 Million Tests? WHERE ARE THE 5 Million Tests? WHERE ARE THE 5 Million Tests? WHERE ARE THE 5 Million Tests? WHERE ARE THE 5 Million Tests? WHERE ARE THE 5 Million Tests?

Oversight provided by Donald J Trump. EPIC FAIL AGAIN

Never let a good crisis go to waste. Of course they'd use this to rob us blind. Again.

Breaking news: WATER IS WET!!

Could have been the point all along, no?

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