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CORPRAT SOCIALISM: Pay Trump 1.4 million. Get 41 million in taxpayer money back. Quite a racket.
https://www.huffpost.com/entry/trump-campaign-donors-paycheck-protection-program_n_5f1602b6c5b615860bb6051aMajor Trump Donors Received At Least $41 Million In PPP Loans For Their Companies
The 15 donors gave Trump and the GOP $1.4 million this spring, in a process that critics say lacked basic transparency.
WASHINGTON ― As the coronavirus ravaged America this spring, 15 business leaders gave President Donald Trump and the Republican Party $1.4 million in big checks while their businesses collected at least $41 million in federal assistance.
William Scott, CEO of railroad contractor Trans-Global Solutions, donated $150,000 to the Trump Victory committee in the weeks after his company received as much as $10 million from the Paycheck Protection Program on April 14.
Alfred Hendrickson, the owner of a South Florida Toyota dealership, donated $41,100 to Trump’s Make America Great Committee on April 27, the same day his dealership received a PPP loan worth as much as $5 million.
And Dan Eberhart, the head of oilfield services provider Canary LLC, gave $100,000 to Trump Victory on June 10, two months after receiving as much as $8.4 million in PPP loans for Canary and three affiliated companies.
Robert Weissman, head of the liberal watchdog group Public Citizen, said the big-dollar donations from principals at businesses receiving swift approval for federal aid erode confidence in an important and necessary government program.
“Recipients should have been prohibited from making political contributions,” he said.
The 15 donors gave Trump and the GOP $1.4 million this spring, in a process that critics say lacked basic transparency.
WASHINGTON ― As the coronavirus ravaged America this spring, 15 business leaders gave President Donald Trump and the Republican Party $1.4 million in big checks while their businesses collected at least $41 million in federal assistance.
William Scott, CEO of railroad contractor Trans-Global Solutions, donated $150,000 to the Trump Victory committee in the weeks after his company received as much as $10 million from the Paycheck Protection Program on April 14.
Alfred Hendrickson, the owner of a South Florida Toyota dealership, donated $41,100 to Trump’s Make America Great Committee on April 27, the same day his dealership received a PPP loan worth as much as $5 million.
And Dan Eberhart, the head of oilfield services provider Canary LLC, gave $100,000 to Trump Victory on June 10, two months after receiving as much as $8.4 million in PPP loans for Canary and three affiliated companies.
Robert Weissman, head of the liberal watchdog group Public Citizen, said the big-dollar donations from principals at businesses receiving swift approval for federal aid erode confidence in an important and necessary government program.
“Recipients should have been prohibited from making political contributions,” he said.
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