Posted on 03/25/2020 12:47:12 PM PDT by bitt
The Senate’s massive economic stimulus deal to counteract the coronavirus includes a massive bailout for New York’s transit system and a ban on aid for President Trump’s holdings and those of members of Congress.
The lesser-known provisions were stuffed into the $2 trillion package during marathon negotiations between Senate Minority Leader Chuck Schumer of New York and Republicans, which ended early Wednesday in a deal.
Schumer’s office said Democrats won a $150 billion boost in hospital funding, a $150 billion relief fund for state and local governments and $25 billion for transit systems.
Of the transit dollars, $4.35 billion is earmarked for New York state, of which $3.8 billion is earmarked for New York’s Metropolitan Transportation Authority, Schumer’s office said.
The MTA, which operates city buses and the subway, is cutting service as demand plunges. Subway ridership is down nearly 90 percent.
The ban on aid to Trump family businesses was heralded by Schumer in an early-morning letter to colleagues. He said the $500 billion business loan program run by the Treasury Department will have an inspector general for oversight and a ban on money flowing to Trump, whose businesses brought in $461 million in revenue in 2018.
SEE ALSO
GOP coronavirus stimulus bill unveils $1,200 checks for public In a bullet-point list of accomplishments, Schumer wrote that the bill will “[p]rohibit businesses controlled by the President, Vice President, Members of Congress, and heads of Executive Departments from receiving loans or investments from Treasury programs.”
The final bill, which still has to be written ahead of an anticipated vote Wednesday, also boosts max unemployment pay by up to $600 a week, which Schumer said in a floor speech Tuesday means that furloughed workers can essentially get a full paycheck for four months during the crisis.
(Excerpt) Read more at nypost.com ...
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“The ban on aid to Trump family businesses was heralded by Schumer in an early-morning letter to colleagues. He said the $500 billion business loan program run by the Treasury Department will have an inspector general for oversight and a ban on money flowing to Trump, whose businesses brought in $461 million in revenue in 2018.”
Continuing-
“GOP coronavirus stimulus bill unveils $1,200 checks for public In a bullet-point list of accomplishments, Schumer wrote that the bill will “[p]rohibit businesses controlled by the President, Vice President, Members of Congress, and heads of Executive Departments from receiving loans or investments from Treasury programs.”
So the NYPost just HAD to single out the President regarding the ban on aid to businesses??... turns out, all of Congress is included in the ban, too!
FU NYP.
Senate signing off on local pork for schemer is complete bull feces.
“The ban on aid to Trump family businesses was heralded by Schumer
Being President has cost Trump Billions you worthless POS.
“which Schumer said in a floor speech Tuesday means that furloughed workers can essentially get a full paycheck for four months during the crisis.”
Holy smokes, well look for a huge spike in the unemployment number that will last for at least four months. I know many are in dire straights but wow that is a lot of money.
I don’t think that congress and POTUS should be treated any different than any other business owner. They have lots of employees who will suffer as a result.
With bill you make more money from being unemployed than working. 4 senators called it out. So Bernie said he will hold up the bill. That should help his campaign.
ddddddd
That’s funny!
I see $350,000,000 is earmarked for illegals defense fund.
You have aa link for that?
I don’t think its constitutional for a law to single out one person.
Saw it in another thread: http://www.freerepublic.com/focus/f-news/3828178/posts?page=27#27
What State is the Senate minority leader from (Metropolitan area too)?
I'll just smile and assume you are having some trolling fun...
If it were true, Donald Trump would be all over it with a veto... Or, 2020 will be the first time since Eisenhower that I would have considered not voting in an election for President...
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