Groups linked to billionaires George Soros and the Koch brothers are now seeking hundreds of thousands of dollars in taxpayer-funded small business loans in the midst of the Chinese coronavirus crisis.
While Congress has replenished a fund with $250 billion to help small businesses stay afloat while being forced to close to abide by social distancing guidelines, liberal and libertarian nonprofits linked to billionaire donors have said they are applying to obtain some of that funding.
Soros-linked Media Matters and individual state American Civil Liberties Union (ACLU) groups are looking to secure thousands in taxpayer-funded small business loans, according to the New York Times.
Likewise, the libertarian FreedomWorks organization is applying for a small business loan despite their billionaire backing by the Koch brothers.
The Times reported:
The Congressional Progressive Caucus Center’s application for a $160,000 loan is awaiting resolution, as is FreedomWorks Foundation’s request for $300,000, according to officials at the groups. [Emphasis added]
The American Civil Liberties Union’s national office has not applied but 14 of its state affiliates have, and at least one received a loan — of $154,000 — so far, said Anthony D. Romero, the executive director of the A.C.L.U. [Emphasis added]
A “small” loan request by Liberty Counsel, a conservative legal group supporting Mr. Trump’s plan to reopen the country, is still pending, said the organization’s chairman. An application from Media Matters has been hampered by a technical problem, said a person familiar with the process, who was not aware if the group had reapplied. [Emphasis added]
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Non-profits should not be granted an hug type of loan or grant. You are supposed to be reliant upon donations, no donations means you are not a worthy cause and need to either close or downsize to be within the budget of the donations you receive. That money is meant for small businesses not non- profit organizations.
ReplyDeleteNow that’s something to go off about.
ReplyDeleteMoney granted for non profits at this time going to keep the high ups in full pay and benefits.
ReplyDelete