With Loan Forgiveness Underway for Trump PPP That Benefited Wealthy Corporations, States Clawing Back Unemployment Benefits From Struggling Families
WASHINGTON, D.C. – This month, the Trump Treasury Department reportedly began approving loan forgiveness requests for beneficiaries of the SBA’s Paycheck Protection Program (PPP), which — given the secrecy surrounding the administration’s forgiveness requirements — could include the 1,094 publicly traded companies that received $1.63 billion in PPP funds. Meanwhile, local reports are mounting that state governments, which are apparently desperate to address budget shortfalls during the ongoing Trump recession and health crisis, are demanding workers return overpayments of unemployment benefits. In response, government watchdog Accountable.US renewed its calls for the McConnell Senate to join the U.S. House in passing a serious COVID-19 relief package that includes help for struggling states and workers.