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House Dems’ proposed bailout for lobbying groups and dark money spenders is even worse than we thought. It looks like *every* nonprofit would be eligible for PPP funds - and Dems are hilariously calling the biggest corporate lobbies in the country “small nonprofits.” (1/5)
A House Appropriations summary of the HEROES Act says that they are carving out 25 percent of existing PPP funds for nonprofits - and all nonprofits would be eligible, regardless of how many employees they have. https://appropriations.house.gov/sites/democrats.appropriations.house.gov/files/documents/Heroes%20Act%20Summary.pdf … (2/5)
And get this: Half of the nonprofit money pool would be reserved for “small nonprofits under the 500-employee threshold.” Virtually all trade associations (99.9%) have less than 500 employees - even the U.S. Chamber of Commerce, per its 2018 tax return. (3/5)
That’s right: House Dems are characterizing huge corporate lobbies like the U.S. Chamber, PhRMA and AHIP as “small nonprofits,” and putting genuinely small nonprofits in direct competition with them for a portion of PPP money. That doesn’t seem like a fair fight! (4/5)pic.twitter.com/QRNB6tvUEG
We don’t think it’s right for Congress to give forgivable loans intended for small businesses to massive lobbying groups. It’s even more absurd that big corporate lobbying groups could siphon limited PPP $$ away from small nonprofits. This bill needs a fundamental rewrite. (5/5)
@threadreaderapp can you please unroll?
I get pushback any time I describe the Democratic Party --my party-- as "only marginally better" than the Republican Party. Things like this are what I'm talking about.
How many billions have to go out the door without helping average Americans before every Democrat realizes *we* have a problem, too?
Corporate lobbyists are the antithesis of essential. Let them go out and get real jobs.
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