MWB wrote: ↑Mon Jul 06, 2020 11:25 pm
Seems to be doing good deeds. Guess you’re right.
Lol. Sure. You should write him up a big fat check and donate.
Dude, hes not a good person. At all. I know you're the BLM benefit-of-the-doubt guy here, but he's been found out 10 times over. Probably still counting cash over Ferguson. How much you think he put back into that place after he played a very active role in getting it torched?
So...is there a breakdown of who received these loans designed for small businesses? Seems a lot of higher ups are raking in the cash while smaller businesses got barely next to nothing?
Morkle wrote: ↑Tue Jul 07, 2020 9:25 am
So...is there a breakdown of who received these loans designed for small businesses? Seems a lot of higher ups are raking in the cash while smaller businesses got barely next to nothing?
Morkle wrote: ↑Tue Jul 07, 2020 9:25 am
So...is there a breakdown of who received these loans designed for small businesses? Seems a lot of higher ups are raking in the cash while smaller businesses got barely next to nothing?
If you are referring to PPP loans, the loan amount was based on a portion of your payroll + benefits. So companies with larger payrolls are going to obviously have larger loans.
nocera wrote: ↑Tue Jul 07, 2020 9:33 am
Ah yes, those poor small businesses such as Yeezy, the Church of Scientology, a Dallas megachurch, and Mitch McConnell's wife's family business.
nocera wrote: ↑Tue Jul 07, 2020 9:33 am
Ah yes, those poor small businesses such as Yeezy, the Church of Scientology, a Dallas megachurch, and Mitch McConnell's wife's family business.
I'm not going to sit here and argue that the PPP program was even remotely well designed, but if you are trying to create an angle that small businesses got boned in this process, you are mistaken. Any business that needed or wanted to get a loan had plenty of time to get one, and when the program closed on June 30 there was still money on the table.
If you want argue that too many rich people got loans, then I don't know what to tell you. There is zero correlation between the size of a firm and the amount of money the firm makes.
nocera wrote: ↑Tue Jul 07, 2020 9:33 am
Ah yes, those poor small businesses such as Yeezy, the Church of Scientology, a Dallas megachurch, and Mitch McConnell's wife's family business.
I'm not going to sit here and argue that the PPP program was even remotely well designed, but if you are trying to create an angle that small businesses got boned in this process, you are mistaken. Any business that needed or wanted to get a loan had plenty of time to get one, and when the program closed on June 30 there was still money on the table.
If you want argue that too many rich people got loans, then I don't know what to tell you. There is zero correlation between the size of a firm and the amount of money the firm makes.
Morkle wrote: ↑Tue Jul 07, 2020 9:25 am
So...is there a breakdown of who received these loans designed for small businesses? Seems a lot of higher ups are raking in the cash while smaller businesses got barely next to nothing?
If you are referring to PPP loans, the loan amount was based on a portion of your payroll + benefits. So companies with larger payrolls are going to obviously have larger loans.
Yea I was just curious because all we've seen reported was the bigger companies getting money.
nocera wrote: ↑Tue Jul 07, 2020 10:02 am
If churches are allowed to receive government loans and consider themselves a "business," shouldn't they be paying taxes like other businesses?
Very intellectually honest response here. Do you want the YMCA to start "paying taxes" too?
Last edited by MrKennethTKangaroo on Tue Jul 07, 2020 10:14 am, edited 1 time in total.
nocera wrote: ↑Tue Jul 07, 2020 10:02 am
If churches are allowed to receive government loans and consider themselves a "business," shouldn't they be paying taxes like other businesses?
Morkle wrote: ↑Tue Jul 07, 2020 9:25 am
So...is there a breakdown of who received these loans designed for small businesses? Seems a lot of higher ups are raking in the cash while smaller businesses got barely next to nothing?
If you are referring to PPP loans, the loan amount was based on a portion of your payroll + benefits. So companies with larger payrolls are going to obviously have larger loans.
Yea I was just curious because all we've seen reported was the bigger companies getting money.
not much to report when a local manufacturing company gets $200K
nocera wrote: ↑Tue Jul 07, 2020 9:33 am
Ah yes, those poor small businesses such as Yeezy, the Church of Scientology, a Dallas megachurch, and Mitch McConnell's wife's family business.
I'm not going to sit here and argue that the PPP program was even remotely well designed, but if you are trying to create an angle that small businesses got boned in this process, you are mistaken. Any business that needed or wanted to get a loan had plenty of time to get one, and when the program closed on June 30 there was still money on the table.
If you want argue that too many rich people got loans, then I don't know what to tell you. There is zero correlation between the size of a firm and the amount of money the firm makes.
As far as I can tell, you can't define businesses by the number of employees, so it's really design. And when you're talking about the design being bad, it's not like a "whoppsie", it's deliberately written in a way to allow these people to benefit.
So anyway, we can allude to the rushed nature of the bill and lack of logistical details being written out, but the fact that eligibility for the program was based on the number of employees and not the annual revenue (of the enterprise and it'a affiliates), you can rail on well-off people getting government handouts.
nocera wrote: ↑Tue Jul 07, 2020 10:02 am
If churches are allowed to receive government loans and consider themselves a "business," shouldn't they be paying taxes like other businesses?
nocera wrote: ↑Tue Jul 07, 2020 10:02 am
If churches are allowed to receive government loans and consider themselves a "business," shouldn't they be paying taxes like other businesses?
Churches connected to President Donald Trump and other organizations linked to current or former Trump evangelical advisers received at least $17.3 million in loans from a federal rescue package designed to aid small businesses during the coronavirus pandemic.
Those receiving loans include City of Destiny, the Florida church that Trump’s personal pastor and White House faith adviser Paula White-Cain calls home, and First Baptist Dallas, led by Trump ally and senior pastor Robert Jeffress. City of Destiny got between $150,000 and $350,000 from the Paycheck Protection Program, or PPP, and First Baptist Dallas got between $2 million and $5 million, according to data released by the Treasury Department on Monday.
Loan recipients included several churches and organizations connected to allies who joined Trump’s evangelical advisory board during his 2016 campaign, helping a twice-divorced candidate win over a socially conservative constituency that has proven an essential part of his political base.
Payments received by churches and other organizations linked to Trump’s evangelical allies represent a small fraction of the total aid the program gave to religious entities, which were allowed to access pandemic assistance loans even if they performed only faith-based functions.
Jeffress noted that in establishing the relief program, the Trump administration as well as Congress not only allowed houses of worship to take part but “encouraged” applications for aid out of an understanding “that houses of worship are not only ministries, but they’re employers.”
The number of loan recipients connected to religious supporters of the president, however, illustrates the potential pitfalls for churches and other faith-based groups that opted to pursue the financial aid amid questions about blurring the line between church and state.
Government data shows Jeffress' church reported retaining 293 jobs with its loan, while Prestonwood Christian Academy in Plano, Texas, reported retaining zero jobs with its loan of between $2 million and $5 million. That school is associated with Prestonwood Baptist Church, where senior pastor Jack Graham is a longtime Trump backer who wrote an op-ed lauding the president’s anti-abortion credentials in January.
So it looks like both churches and schools affiliated with churches saw some kind of money.