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Despite President Trump's insistence on more generous stimulus payments, GOP lawmakers aren't biting. 
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Congress invested in real estate, then it gave tax breaks to real estate investors - OpenSecrets.org
Congress invests more cash in real estate than any other industry. The coronavirus stimulus package gives massive tax breaks to real estate investors.
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Companies with accounting problems or in trouble with the government received millions in federal loans.
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The Federal government will spend over $2.5 trillion in just the next few months to try and offset the economic impact of the coronavirus. This spending, along with lower tax revenues, will create deficits and levels of debt that the U.S.
The Swarm's insight:
Maybe it's time for Donald Trump to claw back all the tax breaks and taxpayer dollars he gave to other rich people and corporations via the GOP tax scam. While he's at it, Trump should make them pay the same tax rates they were paying before he took office. Just a thought.
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Donald Trump’s Treasury Department, led by Steve Mnuchin, has given banks the go-ahead to STEAL stimulus checks from Americans if they owe debts to the banks.This is absolutely going to screw over countless voters, as banks will likely try to stretch the rules and confiscate the money in more instances...
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From
nypost
At least 43,000 American millionaires who are too rich to get coronavirus stimulus checks are getting a far bigger boost — averaging $1.6 million each, according to a congressional committee.
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From
nypost
While supporters say the campaign could be critical in keeping fragile startups in business, critics argue it would just amount to a handout to wealthy Wall Street investors, Politico reported.
The Swarm's insight:
Why does our government continually give these corporate persons our hard-earned money? Every time working class or middle-class taxpayers need help, the skinflints, cheapskates and misers in Congress drag their feet or turn their backs on us all together. Meanwhile, lobbyists from investment firms slink through the halls of Congress with their hands out. It's not fair, because it's taxpayer money. Our money. Â So let's call it what it is: a handout. Every time our country is in dire straits, we can't rely on them, so what do these companies, do for our country that justifies giving them another handout? If they know of startups that are so fragile, let those companies pool their own money and finance those startups themselves. It's that simple. Â
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President Trump wanted to save the cruise industry but the $2-trillion coronavirus stimulus package bill won't help.Â
The Swarm's insight:
"Carnival, Royal Caribbean and Norwegian have headquarters in the U.S. but most of the ships are registered in Panama, Bermuda or elsewhere and are staffed with employees hired outside of the U.S. to avoid paying U.S. taxes and abiding by U.S. employment rules." - Hugo Martin | LATimes.com
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“We cannot afford to allow the interests of private corporations to supersede the needs of the American people and the long-term stability of our economy.” BlackRock, the largest asset management firm on the planet, has for years faced criticism and protests from progressives over its massive investments...
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On Friday, The New York Times reported that Treasury Secretary Steve Mnuchin is trying to get elite preparatory schools with large endowments to return Paycheck Protection Program (PPP) loans that were intended for small businesses as part of the coronavirus stimulus program.
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Trump campaign donor who secured the single largest payout from the Paycheck Protection Program, Monty Bennett, said he doesn't plan to return money.
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From
nypost
Hedge fund and private equity firms are not eligible for the types of US government loans designed to provide relief to small businesses.
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SBA has released limited data showing granular loan activity by bank, making it hard to pinpoint how many loans and of what size each firm made.
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While wealthy Americans are not eligible for the $1,200 stimulus checks being disbursed to many Americans, they are on pace to do even better. 43,000 taxpayers, who earn more than $1 million annually, are each set to receive a $1.7 million windfall on average thanks to a provision in the CARES Act.
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Treasury Secretary Steve Mnuchin on Sunday said that he expects Americans to be able to survive for two and a half months on just $1,200, which is about $17 per day.
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