Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Bailout Is Windfall For Wealthy Real Estate Investors
Bailout Is Windfall For Wealthy Real Estate Investors
April 15, 2020
From opinion columnist Dana Milbank:
Read the full column.
April 15, 2020
From opinion columnist Dana Milbank:
Senate Majority Leader Mitch McConnell (R-Ky.) and House Minority Leader Kevin McCarthy (R-Calif.) have insisted that Congress spend another $250 billion on small businesses devastated by the pandemic, but they refuse to renegotiate unrelated programs from last months emergency coronavirus bill. What are they afraid of?
Well, maybe its this: As the dust settles on the $2.2 trillion legislation, it has become clear that one of its largest provisions, a $170 billion tax giveaway, appears to be tailor-made for the benefit of wealthy real estate investors such as President Trump and his son-in-law, Jared Kushner, who is running one of Trumps coronavirus task forces.
The giveaway, primarily to real estate investors and hedge funds, is larger than the total amount in the legislation for hospitals ($100 billion) and for relief for all state and local governments ($150 billion). Worse, the bonanza for these millionaires and billionaires has little to do with the coronavirus: It lets them offset losses not just from 2020 but from 2018 and 2019, before the pandemic.
Read the full column.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 847 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (7)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Bailout Is Windfall For Wealthy Real Estate Investors (Original Post)
mahatmakanejeeves
Apr 2020
OP
I thought there was a section of the bill that said Trump nor his family could benefit.
Frustratedlady
Apr 2020
#2
If Dems were messaging better, a chorus would have shouted it on media before vote
lostnfound
Apr 2020
#3
SheltieLover
(57,073 posts)1. Who here is surprised dump will benefit most from corporate welfare???
Don't drop YOUR microscopic stimulus crumb, if the banks haven't seized it, you will never be able to find it again.
Not criticizing our wonderful Dem leaders. They did the best they could to get a crumb, however miniscule, for working families.
Repukes need to go!
Frustratedlady
(16,254 posts)2. I thought there was a section of the bill that said Trump nor his family could benefit.
Not in those words, but stated to exclude them from taking advantage of it. I can't imagine anyone would think that Trump wouldn't try to take advantage of as much as he could. Hotels, golf courses, real estate holdings, etc. Look at what he did with insurance during storms or 911.
lostnfound
(16,162 posts)3. If Dems were messaging better, a chorus would have shouted it on media before vote
More money for rich real estate investors than for hospitals!
duforsure
(11,884 posts)4. Biden should have ads
Showing that now.