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coorslite21

Only in America

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So you have an duly elected billionaire President.....gave up his luxurious life style.....even donates his piddly yearly pay.....

 

And a crisis hits....affecting all businesses.....including his.....and part of the solution is to be sure that the Presidents businesses are exempted from any help......isn't that special?

Hope they all rot in hell!

 

CL

 

 

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Trump businesses barred from getting coronavirus stimulus money, Schumer says

PUBLISHED WED, MAR 25 2020 6:58 AM EDT
UPDATED AN HOUR AGO
 
Mike Calia
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KEY POINTS
  • President Trump's businesses are barred from getting loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer.
  • The Trump Organization, which the president has not divested, is run by his two elder sons, Donald Jr. and Eric. The company controls several hotels, resorts and golf clubs, including Mar-a-Lago in Palm Beach, Florida.
  • Democrats and other critics of the president were concerned that Trump's businesses would receive bailout money because the tourism industry is one of the hardest hit by the coronavirus.
GP: Mar-a-Lago resort 191101
President Donald Trump's Mar-a-Lago resort is seen on November 1, 2019 in Palm Beach, Florida.
Joe Raedle

President Donald Trump's businesses are barred from getting loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer.

The Trump Organization, which the president has not divested, is run by his two elder sons, Donald Jr. and Eric. The company controls several hotels, resorts and golf clubs, including Mar-a-Lago in Palm Beach, Florida. The resort closed last week, during its peak season.

Lawmakers and the White House reached an agreement early Wednesday after days of tense, roller-coaster negotiations that added to uncertainty in markets.

Democrats and other critics of the president were concerned that Trump's businesses would receive bailout money because the tourism industry is one of the hardest-hit by the coronavirus, which has spurred leaders to restrict travel and companies to cut capacity and close up shop.

The measure will also ban businesses controlled by Vice President Mike Pence, Cabinet members and lawmakers from receiving the funds, according to details circulated by Schumer, D-N.Y.

 

Senate Majority Leader Mitch McConnell, R-Ky., said early Wednesday the chamber would vote on the bill later in the day. If approved by the Senate, the bill faces action in the Democratic-led House.

The White House declined to comment.

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Edited by coorslite21
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16 minutes ago, coorslite21 said:

The measure will also ban businesses controlled by Vice President Mike Pence, Cabinet members and lawmakers from receiving the funds, according to details circulated by Schumer, D-N.Y.

As long as it includes demonrat lawmakers too, then I guess its ok. I don't know why you got negged CL, but I evened you out.

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2 minutes ago, 8th ID said:

As long as it includes demonrat lawmakers too, then I guess its ok. I don't know why you got negged CL, but I evened you out.

 

Personally not for the exclusion of any of the law makers on this one......no fault of anyone.....JMO.     CL

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I can see that too. What I was saying is if they were gonna keep him from it, then they should be barred too.

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