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> The amount given to large corporations (much in the form of loans that will be paid back) is less than that given to individuals: Much of the $377b in Small
by JSavageOne 6y ago
> The amount given to large corporations (much in the form of loans that will be paid back) is less than that given to individuals:
Much of the $377b in Small Business PPP money actually went to large corporations like Shake Shack, Ruth's Chris, Kura Sushi. And of the $2.3t, only about 1/4 went to individuals, so it's a bit misleading to paint the picture as if individuals got the lions share here.
Also there are additional benefits to large corporations not reflected in that $500b figure such as $210b in loosened tax deductions for interest and operating losses. https://www.reuters.com/article/us-health-coronavirus-usa-bill-contents/factbox-whats-in-the-2-2-trillion-u-s-coronavirus-rescue-package-idUSKBN21E328 https://www.reuters.com/article/us-health-coronavirus-usa-bi...