REALITY CHECK: Trump Treasury Officials’ PPP Op-Ed Packed With False and Misleading Claims
WASHINGTON, D.C. – An op-ed in today’s Wall Street Journal from Trump Treasury officials Michael Faulkender and Stephen Miran that hails the SBA’s Paycheck Protection Program as a “success” and calls for a clean reauthorization of the program is riddled with deceptive or downright false claims, an analysis from government watchdog Accountable.US found. Since its implementation, Accountable.US has documented how the Trump administration’s poor design and management of the program and lack of transparency led to rampant waste, fraud and abuse, gross inefficiency, and the prioritization of the rich and powerful over hundreds of thousands of truly struggling mom and pop stores that were allowed to go under, especially in communities of color.