#Paycheck Protection Program

[frogeyedape]

https://www.investopedia.com/where-ppp-money-went-5216725

https://quoththeraven.substack.com/p/economic-injustice-72-of-ppp-money

Sources^^

The PPP loans are forgiven by design.

The student loans are unforgivable by design.

The PPP loans have no interest rate.

Student loans have compounding interest rates.

#ClassWarfare

[nationallawreview]

Acting U.S. Attorney Levy Forecasts False Claims Act COVID Cases Targeting Private Lenders Of CARES Act Loans That Failed In Their Obligation To Safeguard Government Funds

Acting U.S. Attorney Joshua Levy discussed the enforcement priorities for the Massachusetts U.S. Attorney’s Office (USAO) during a Q&A session on May 29, 2024, and made clear that the historical focus of the office remains the top priority: detecting and combating health care fraud, waste, and abuse. In particular, both Levy and Chief of the USAO’s Civil Division, Abraham George, have recently…

[redsnerdden]

Austin St. John Accepts Plea Deal For Defrauding US Government of COVID-19 Relief Funds

Austin St. John Accepts Plea Deal For Defrauding US Government of COVID-19 Relief Funds, Court Date Set For Today. #PowerRangers #MMPR #Entertainment #News #Television

Two years ago on May 19, 2022, Former Power Rangers actor Austin St. John was indicted for his role in a COVID-19 relief fund scheme. Now, it has been confirmed that Jason Lawrence Geiger (Austin St. John) will be taking a plea deal for defrauding the United States Government. According to a new court document obtained by No Pink Spandex and the United States District Court For The Eastern…

[divvasplace]

Are you a business owner struggling to keep your employees during the COVID-19 pandemic? The Employee Retention Credit (ERC) might be the solution for you. This Payroll Tax Credit Refund was designed to reward businesses for retaining employees during these difficult times. The ERC allows business owners to receive a refundable credit of up to $5,000 per employee in 2020, and $7,000 per…

[helenldavis]

Are you a business owner struggling to keep your employees during the COVID-19 pandemic? The Employee Retention Credit (ERC) might be the solution for you. This Payroll Tax Credit Refund was designed to reward businesses for retaining employees during these difficult times. The ERC allows business owners to receive a refundable credit of up to $5,000 per employee in 2020, and $7,000 per…

[hezigler]

From NPR News

How the Paycheck Protection Program went from good intentions to a huge free-for-all https://www.npr.org/2023/01/09/1145040599/ppp-loan-forgiveness?sc=18&f=1145040599

[corporateintel]

The Trust Quandary

I spend a lot of time in airports. If you look around the airport, endless dramas are playing out. People coming, going, hugging, saying goodbye sometimes forever, welcoming home friends and family gone who knows how long. When I look at so many strangers, I often wonder about the ideas that bond and separate us as co-inhabitants of cities, states, and our nation. That often leads me to think…

[vander-12]

Do Employees Get the Employee Retention Credit?

The Employee Retention Credit (ERC) has been a lifeline for businesses during and post-COVID, But what about employees? Do they receive any benefits from this tax credit? In this article, we’ll explore the Employee Retention Credit and determine whether employees are eligible for its benefits. Understanding the Employee Retention Credit The Employee Retention Credit is a provision introduced by…

[brightly-blogging]

Inside the $1.9 Trillion American Rescue Plan Act: Key Takeaways for Individuals, Small Businesses, and State Governments

10 Key Points on What You Should Know about the $1.9 Trillion American Rescue Plan Act The $1.9 trillion American Rescue Plan Act was signed by President Joe Biden on March 11, 2021, to provide relief to Americans struggling with the economic effects of the COVID-19 pandemic The act provides $1,400 direct payments to eligible individualities, extends severance benefits, expands the child duty…

[justinspoliticalcorner]

WaPo: Trump proposals could drain Social Security in 6 years, according to the Committee for a Responsible Federal Budget

Julie Zauzmer Weil at WaPo:

A new report projects that the Social Security Trust Fund might run out of money within six years under a Donald Trump presidency, while Vice President Kamala Harris’s proposed policies would not meaningfully change the current trajectory.

Social Security faces a looming funding crisis in an aging country, with trustees most recently predicting that the retirement and disability program’s trust fund will become insolvent in 2035. Many of Trump’s campaign proposals would accelerate that timeline, potentially by years, said the Committee for a Responsible Federal Budget, a nonpartisan group that opposes large federal deficits. In a report released Monday, the organization concluded that many of Trump’s proposed second-term agenda items all work in the same direction when it comes to the Social Security Trust Fund. The budget group did not produce a similar report on Harris’s policies because they would have a negligible effect measured only in weeks or months rather than years, said Marc Goldwein, CRFB’s senior policy director. Compared to prior presidential campaigns, Goldwein said, “I can’t think of anything that would be this order of magnitude” in its detrimental effect on Social Security’s bottom line compared to the policies Trump has proposed.

Trump campaign spokeswoman Karoline Leavitt dismissed the report in an email to The Washington Post: “The so-called experts at CRFB have been consistently wrong throughout the years.” She said Trump’s energy and trade policies would improve the economy to “put Social Security on a stronger footing for generations to come,” and alleged that Harris would damage the program by allowing millions of undocumented immigrants to stay in the country. The campaign promise made by Trump that would most directly affect Social Security collections is his promise that no Social Security recipients should have to pay federal income taxes on their benefits. Under current law, 40 percent of beneficiaries pay taxes on some portion of their Social Security. The tax they pay on their benefits goes directly back to the trust fund, and getting rid of it could cost the program almost $1 trillion over 10 years, the report forecast. Other Trump policies might have indirect effects. Trump’s pledge to deport millions of undocumented workers could cost the trust fund hundreds of millions of dollars, the CRFB said. Many undocumented immigrants have payroll taxes taken out of their paychecks for the Social Security Trust Fund, but never become eligible to claim benefits, so they are a net positive for the program.

Trump’s proposed high tariffs on all imports could affect the economy in several ways detrimental to Social Security’s financial health, CRFB said. If the tariffs drive high inflation as projected by Wall Street experts, Social Security will have to pay out more in benefits because of automatic cost-of-living adjustments based on inflation. The report also pointed to Trump’s promises not to tax tip income or income earned during overtime hours. Trump has not clarified whether he means to exempt them from federal income taxes only or also from taxes that fund Social Security and Medicare. If he means the latter, that could cost Social Security $150 million to more than $1 trillion over a decade, with the likely outcome on the very high end of that range, CRFB said.

[...] Both Trump and Harris have said they aim to protect Social Security to prevent cuts if elected, but neither candidate has offered a comprehensive plan to plug the current projected gap. Stabilizing the trust fund will require either raising more money or spending less money in some way, or a combination of the two.

Donald Trump’s proposals to Social Security, despite claiming to be a champion of Social Security, could hasten the depletion of Social Security funding, per a report from Committee for a Responsible Federal Budget.

See Also:

MMFA: New analysis shows Trump would devastate Social Security’s finances, debunking MAGA talking point

[stari-hun]

I need everyone’s headcanons on their favs in a modern modern AU

Thought honestly this isn’t really a modern au it’s just an idea of what would happen if they were grew up as like millennials and Gen Z but also they’re all from diff eras so that needs an AU in itself?-

I feel like Sotheby would be a religious Wild Krats enjoyer. She already loves the adventuring genre a lot so I think she’d love Pokémon too and have all the games. Vertin would like the adventuring genre too but she’d be more a meta gamer and into adventuring series like Journey of Elaina or Frieren.

I think Sotheby would be super into DND too. I feel like she’s the type to go for the same class but different executions of it. Vertin is definitely the intentional game breaker, but Sotheby knows enough about potions and probably magic tools to be an accidental bomb in the party.

Sonetto is childhood friends with them, she met Vertin way before and they both met Sotheby in middle school when she was a year below them. I feel like she would be the type of kid who struggles to find interests of their own and instead builds interest up in stuff her friends already like.

I imagine Isolde and Kakania would be like childhood friends from something like private school or a Catholic boarding school. It’s projecting but I think Isolde and Kakania would LOVE Secrets of Moonacre and The Golden Compass.

Druvis and Lilya would obv be college students, but I wanna say Druvis would be an environmental activist looking to go into politics. Like for an environmental protection agency working on restrictions for deforesting.

Marcus would be a fan of like those late night documentaries and esp the series Round Planet. I think she’d thrive being able to access online archives for books. I think she’d also take a year after Highschool to go on like a tour of the world in a program that allows young adults to work in national parks and nature bases for free housing a paycheck. She’d transfer around running blogs and writing small bits for local newspapers in each place she visits using her Arcanum to find hidden stories.

Hofmann would be a college teacher from the college Marcus is dual enrolled in (she's on an accelerated course and Hofmann is a journalism professor).

[jacks347]

I MISSED THE NEW BVZ PREMIERE (THANKS JOB)

So now y'all get my live reaction! (I've never done one of these before, this is gonna be fun)

SPOILERS AHEAD IF YOU HAVEN'T WATCHED IT

Intro is great as always, I love this song so much

Here we go~

WHO?? WHAT??

OFF TO A STRONG START

"Lack of cooperation" My guy it's Albus, that's literally his entire thing

On your family?? YOU LEAVE FAITH OUT OF THIS (and Kerano and Devlin)

OH??

HI DEVLIN WHAT

That design is so good, Glowbat you wonder

Plot twist #1, I expect many more

We're not even 5 minutes in, this post is going to be a fucking Bible-

Does Devlin have freckles?? Did he always have freckles?? Beautiful

Oh Devlin got sassy during the break I like :P

Of course he calls for his brother, the strongest person he knows how sweet <3

Miracle of faith, in more ways than one

Oo, that sounds painful

~DINNER BREAK~

ALBUS! LANGUAGE!

Ooo scary protective Albus

"My brothers. My battalion." Oh-

Aaaaand there's the Albus we know and love XD

"Fuck you and your hat!" Pfft you leave Devlin's fedora alone XD

Oh, back to our regularly scheduled program

Waiter I'm afraid you got some capitalism in my cowboy fantasy

GIMME CROSSBOW I WANT A CROSSBOW

I don't even think Albus knows where Albus went, he just heard his brother calling and left

Ewwwww TMI Albus

LIGHTSABER?? WHO LET ALBUS PICK UP A LIGHTSABER

Oo who's at the door? And why do I not trust it-

Oh it's just Devlin-

Uh oh, Albus has to explain his family~

Hi Mahatma! I still don't entirely trust you!

Why am I playing organizing Tetris-

...oops

"Can I ask you something?" I mean you just did so-

"Do you ever feel...powerless?" Well ain't this a pleasant conversation

"Like you can't save the people you care about" WELL AIN'T THIS A PLEASANT CONVERSATION

Look at Hipswitch showing off his detective skills! I'm so proud

Oh? What's on that ship??

Oh god not more new characters-

The mafia's back that's not good-

Why is the mafia fighting the Triad I'M SCARED

THE MAFIA SHOT DOWN THE PALADIN SHIPS?? WHY?? I DON'T LIKE WHERE THIS IS GOING

Another point to the man that can't even fuckin read that he's just a tad bit stupid :P

Boys, boys! You're both pretty stop yelling XD

"Interesting" is certainly a word for it Doc, wait until you hear about the woman they're both in love with-

"Caused any distress" ...do you hear yourself Devlin?

...awkward silence...

Paladins of Cindergorn eh? Looks like we are gonna learn about Faith today

Devlin being a smartypants, Hipswitch giving the most sass I've ever heard in a single sentence, this is great

Ewww I hated everything about that metaphor

"Something doesn't feel quite right" Of course it doesn't because nothing here is ever simple

WHY IS DEVLIN CHANGING COLORS??

"Is there anything else you can actually swallow?" ...Doc that is the wrong person to ask

"Oh...eugh" 10/10 Love that reaction XD

Poor Devlin, he spent enough time single-handedly running a ship-

When did Albus attempt to learn to cook?? And why??

"Don't worry about me" Faith's healer senses are tingling

"I saw you get goosebumps, did I scare you?" Honey considering how this story is going I don't think it was fear-

HIPSWITCH THIS IS NOT THE POSITION YOU WANT TO BE IN WHEN DEVLIN GETS BACK

Oh the secondhand embarrassment is crawling up my spine and it hasn't even happened yet

Please God get off of him before I explode-

And we're safe thank god

"You don't trust him at all, do you?" Would you if you were in my position?

This is really just the backstory episode isn't it

Albus, the hired gun where his last job got him killed, wasn't too keen on being a bounty hunter until he saw the paycheck. Okay that stings a little-

"I'm sure they're fine" *Cut to them being very not fine*

Devlin proudly proclaiming he can't read, 10/10 tension diffused

"We won't tell a soul, right partner?" Sir I couldn't even if I wanted to my mouth is literally just for decoration at this point (don't take that out of context-)

Destroy a sacred scripture surrounded by Paladins of Cindergorn, a certain priestess just felt her eye twitch

Yes Doc, show off that psychology degree you worked so hard for (hi I'm a psych student so it's also the degree *I'm* working so hard for)

"Is Devlin a father?" He's not just a stepdad, he's a dad who stepped up 💪 (that was so bad forgive me-)

Devlin...what did you do...

Okay I do not trust any of what just happened, what are you after Devlin?

Oh god the mafia's back

DOGS?? OH GOD PLEASE NO

NOT DOC!! ALBUS SOUNDS SO WORRIED

Show em what you're made of Albus

Don't talk to Albus like he doesn't know what being trained from birth to be someone's dog is like-

Devlin's going through it again, someone save the poor boy from his flashbacks

Y'know, Redacted being the one getting killed instead of doing the killing is rather cathartic in a bittersweet kind of way

Time to rewrite history! Again!

"What exactly can he do?" Great question, I'll tell you when I find out

Oh great, GB's back on his villain shit what piece of lore are we getting today

I don't trust that music, what's about to happen and is it a sand worm like this is Star Wars (we already had a lightsaber it wouldn't shock me)

I KNEW IT!! ASK ME HOW I KNEW GO ON ASK

WHO IS THE MAN IN THE MASK I HAVE SO MANY QUESTIONS

"I have someone for this kind of thing" Yes go visit your wife and her special bandage technique :D

"Is it a hooker?" "No! It's not a hooker!" He sounded so offended for her, I love that

:O Let someone else fix you up?? And betray wife?? Wait no Wife is Gienne (hello GB Twitch chat :P)

Where's Faith I saw the cast list where is she

WHAT DO YOU WANT YOU BIRD NOSE FREAK

:D KERANO BABY

Oh that art is adorable

SHE CALLS HIM DAD MY HEART IS GONNA EXPLODE

Oop there's Faith-

And Kerano calls her Mom ughhhhh I'm not gonna make it y'all

"It's been x amount of time" Kerano I love you

"Death is too good for him" Yikes

"That's a relief!" "It is?" Pfft-

Faith went from furious to worried in 2 seconds hearing about Albus, that's our girl

"You didn't tell him about your father's death" HEH?? HONEY YOU DIDN'T TELL *ME* ABOUT HIS FATHER'S DEATH WTF I THOUGHT WE WERE IN THIS TOGETHER FAITH

Oh poor Devlin :(

"I miss him, Faith" Is that the first time we've ever heard Devlin call her by her name? Back in BW he always just called her Sister

Awww hug him for me Faith

Oh yeah, Faith is the only who can actually read-

"Something called Operation Sub Delta" ...what

Oh my god don't read it Faith please god don't read it

And she's reading it-

"You just want an excuse to see him again" Oh look, he's reading the thoughts of the fandom (YES WE WANT ALBUS TO SEE HIS WIFE AGAIN SO SUE US)

"I've actually met someone" EXCUSE ME?? DEVLIN YOU HOE WHO IS IT??

"Look at my choice in men" Ah so she realizes it XD

Come on Faith, connect the dots, I know you're smart enough

And she's done it

Who is Agent and what the hell is happening

Uh oh-

They have the files of the subjects that Devlin doesn't

Which means they can use Albus like their own weapon by probing his training like Kravatas did

Oh I really don't like where this is going

WHAT??

THAT'S THE END??

YOU CAN'T JUST END IT ON THAT WHAT THE HELL

Oh my god this series really loves throwing me for loops doesn't it

OKAY ENDING THOUGHTS

Absolute 100000/10 episode GB you madlad you've done it again

Was completely worth the wait, love seeing the whole cast together again including our new players!

The art is flawless, I expected nothing less of Glowbat

Keep doing what you do you mad genius GB, I'll be holding my breath for the next one (try not to kill me I can't do another 4 months-)

[simply-ivanka]

75% of Biden’s $800 billion Paycheck Protection Program ended up going to the top 20% wealthiest households, according to a 2022 study by the American Economic Association.

This is emblematic of ill-conceived and poorly executed government spending, hoping you won’t notice.

[follow-up-news]

More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years. The numbers issued Tuesday by the U.S. Small Business Administration inspector general are much greater than the office’s previous projections and underscore how vulnerable the Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs were to fraudsters, particularly during the early stages of the coronavirus pandemic. The inspector general’s report said “at least 17 percent of all COVID-EIDL and PPP funds were disbursed to potentially fraudulent actors.” The fraud estimate for the COVID-19 Economic Injury Disaster Loan program is more than $136 billion, which represents 33 percent of the total money spent on that program, according to the report. The Paycheck Protection fraud estimate is $64 billion, the inspector general said.

[meandmybigmouth]

THE GOP!

THEY REFUSE TO FEED CHILDREN BUT WILL PISS AWAY TAX PAYERS MONEY ON THEIR DELUSION?

GOP "FISCAL SANITY"?

[beardedmrbean]

LAS VEGAS (KLAS) — Videos the 8 News Now Investigators obtained show an alleged hit man committing four murders as part of what detectives said was retaliation in a federal loan fraud scheme involving tens of millions of dollars.

Officers arrested Michael Coleman, 41, in May 2023 for the murder of Kidada Stewart, 48. In September, Las Vegas Metro police announced they connected Coleman to three more murders from 2021 and 2022. Earlier this month, a Clark County grand jury indicted Coleman for the additional murders.

On Monday, Feb 27, 2023, officers responded to a 911 from a person who said they heard several gunshots near Fort Apache Road and Mountains Edge Way in the southwest valley, 8 News Now reported at the time.

Officers later found Stewart deceased outside of a home. Police tracked Coleman to Stewart’s murder from a traffic stop in Arizona 12 hours after the shooting. Officers arrested him in May 2023 after a standoff.

Throughout the investigation, police learned of a man named Carl Chester who allegedly defrauded the government of several Paycheck Protection Program (PPP) loans, LVMPD Lt. Jason Johannson said. Chester and his associates would disperse the money and Chester would take a cut of the money for his work and help to get them the loan.

When Chester did not receive his cut of the money, he would threaten or use violence against the individuals to get his money, Johannson said. Chester would hire Coleman to kill those who shorted Chester of his money and if Coleman could not get to the targeted person, he would go after family members.

In May 2021, police suspect Coleman killed Benjamin McCarty, 49, while McCarty was working on his car in a parking lot in the 3900 block of Charleston Boulevard. Police said Coleman parked near McCarty and approached him before shooting and killing him.

Evidence the 8 News Now Investigators obtained showed video of a man police believe is Coleman running from the murder scene. Detectives also obtained photos from Coleman’s email, which they said showed him sending McCarty’s picture to Chester before the murder.

Coleman’s second murder charge involves the death of Marcus Larry, 39. Larry was shot multiple times inside the Teriyaki Madness on Charleston Boulevard near Town Center Drive. Police initially identified and arrested Oscar Richardson, Jr., Larry’s cousin, as the suspect, but he was later released once police obtained evidence that he was innocent.

Video from inside the restaurant shows Larry and a minor ordering food when a man barges in and shoots Larry and a cashier. The cashier survived and told the grand jury she spent five weeks in the hospital.

After the murder, police believe Coleman ditched the car he was driving at the nearby Red Rock Resort. DNA on the van’s handles later matched Coleman, police said.

In the third murder, Coleman is accused of shooting and killing William Hill Jr., 54, outside his home near Martin Luther King, Jr. and Lake Mead boulevards.

Police said the same red Hyundai that was used in Stewart’s case dropped Coleman off and Coleman shot Hill before being picked up by the Hyundai. The getaway driver was identified as Demarcus Banks who is now deceased.

Videos show the car parking near Hill’s house and then a man, who police believe is Coleman, walking toward the house.

Police said Hill’s murder was due to Hill’s son who is currently in prison on PPP loan fraud. Police said since Chester could not get to Hill’s son, they went after his father.

Chester, who organized the murders of Stewart, Larry and Hill, was murdered in May 2024 by members of Hill’s family in retaliation, police said. Metro police recently made more arrests connected to Chester’s murder.

Coleman remained in custody without bail as of Monday. A trial in the Stewart murder was scheduled to begin next month. Coleman was also scheduled to be arraigned in the combined criminal case for the three other murder charges next month.