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Home / US / What makes family planning, Kushner and Kanye unite? PPP loan

What makes family planning, Kushner and Kanye unite? PPP loan



Small Business Administration (Small Business Administration) released on Monday the Federal Pay Protection Program (Paycheck Protection Program) data shows that in recent weeks, the federal government has provided a total of 150 million US dollars in loan support for family planning subsidiaries.

These loans angered conservatives who opposed abortion rights. Last year, President Donald Trump cheered when he successfully took action to prevent the organization from gaining support from the federal government’s main family planning fund.

Trump’s intimate Trump Vice President Doug Collins tweeted: “Family planning shouldn’t get a dime from the government’s PPP plan.” “Sick!”

The family planning money is just one of many disclosures that have attracted the attention of politicians and activists because they carefully studied the names of more than 600,000 loan recipients on Monday. Ultimately, Congress and Trump set very few restrictions on the eligibility of the loan program, which is designed to help troubled small businesses and nonprofit organizations to pay their salaries during the coronavirus crisis.

But in addition to restaurants, mom shops and churches, the beneficiary list also includes a private school named after Jared Kushner, the grandfather of Trump’s son, and the lawmakers and Companies with family connections, Washington lobby shops, Wall Street investment companies and private jet managers.

Even groups led by Grover Norquist, the educational affiliates where Americans want tax reforms, have expressed a desire to reduce the size of the government to a size that can drown in the bathtub. The agency also borrowed between $150,000 and $350,000.

As long as the recipient continues to hire workers, the low-interest loans will be converted into taxpayer-sponsored grants (cash grants). So far, the Small Business Administration has tracked $521 billion in loans, and senior executives say the loans have helped about 50 million Americans leave jobs. The plan still has nearly $132 billion in funding.

The agency only released data on recipients with at least $150,000, which, according to senior administrative officials, made 86.5% of borrowers anonymize. The loan amount ranges from: US$ 150,000 to US$ 350,000; US$ 350,000 to US$ 1 million; US$ 1 million to US$ 2 million; US$ 2 million to US$ 5 million; US$ 5 million to US$ 10 million.

According to SBA’s records, at least 43 family planning branches have obtained loans ranging from 65 million to 150 million US dollars. Before Trump issued regulations, family planning was withdrawn from the federal government’s main family planning fund, otherwise the regulations would limit its ability to advise patients on abortion.

Rachel Bovard, senior director of policy at the Conservative Partnership Institute and former Senate Republican aide, said Republican lawmakers had expected the family planning system to be prohibited from obtaining loans under the rules of affiliation.

She said in a text message: “The purpose of investigating the way of family planning seems to be based on voting, which is necessary.”

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However, family planning is not the only one who jumped out of the acceptance list, and social media sites are also flooded with calls from various entities for refunds.

Eight days after the plan was founded, the Joseph Kushner Hebrew College in Livingston, New Jersey, received many years of support with the support of the Kushner family and received loans of $1 million to $2 million. Yeezy LLC, owned by billionaire musician and Trump acquaintance Kanye West, also borrowed $2 million to $5 million.

Clay Lacy Aviation (Clay Lacy Aviation), after obtaining the loan, provided account credits for its private jet owners, and received between $5 million and $10 million. It is one of at least four aviation management companies that have obtained loans and funds from a separate plan of the Ministry of Finance to subsidize airlines.

Washington’s influence industry (“swamp” in the modern political dictionary) has not been ruled out by some of its members’ efforts to shape it.

Wiley Rein and APCO Worldwide received loans of between US$5 million and US$10 million, respectively, while Miller and Chevalier, who lobbied customers such as McDonald’s, Bechtel and CVS Health, borrowed between US$2 million and US$5 million. The same is true of the National Historical Preservation Foundation; the former Secretary of State Madeleine Albright’s consulting firm Albright Stonebridge; and the public affairs company DCI Group. The list of winners includes dozens of lobbying shops, associations, government affairs consultants and think tanks.

David Motlock, a lawyer for Wilkie Fall and Gallagher’s Washington office, said: “In deciding whether to accept PPP loans, the company not only considered highly technical legal standards, but also considered the inevitable public Possibility of censorship and congressional oversight.” On the procedure. “It seems that some recipients may not have carefully considered one or two of these factors.”

Rich Gardella and Andrew W. Teach Contributed.




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