Truthout
Paycheck Protection Program
Trump Erased Millions of Possible PPP Fraud Flags in Last Days in Office
Officials cleared nearly all potential fraud flags given to loans above $2 million just days before Trump left office.
2 Red States Are Taxing Student Debt Relief — But Didn’t Tax PPP Forgiveness
Both states exempted PPP loans from taxes, but could slap student debt borrowers with several-hundred-dollar tax bills.
COVID Has Put a Whole Generation of Black-Owned Businesses at Risk
The economic impact of the pandemic could wipe out an entire generation of Black-owned businesses.
Members of Congress Profited From Paycheck Protection Program
This data comes as Congress passes a meager $600 relief check for ordinary workers.
Companies Took $1.8 Billion to Save Jobs and Laid Off 90,000 Workers Anyway
Businesses that don’t rehire all their workers may have to pay back the loans plus 1 percent interest.
PPP Loans Failed to Reach Communities in Most Need
Most PPP loans went to businesses in communities that already had more access to resources.
QAnon Candidate Gave Own Campaign $450k After Receiving PPP Loan
A watchdog group and Greene's former GOP opponent have called on her to give the money back.
Trump Admin’s Small Business Bailout Has Been Plagued by Waste, Fraud and Abuse
A House committee has found a "troubling lack of transparency" in the administration's Paycheck Protection Program.
Right-Wing Groups Took Millions in COVID Aid and Spent It Lobbying Against Aid
Numerous groups that eagerly accepted PPP loans have urged Mitch McConnell to slash unemployment benefits.
Wells Fargo Reported Giving Only One Large PPP Loan to a Black-Owned Business
The bank processed more than 12,000 loans over $150,000. It reported giving only one to a Black-owned company.