Not all PPP loans need to be verified, suggests Treasury Secretary Mnuchin

“This time, we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines,” he said.

He also said he would support efforts to set aside a portion of remaining PPP funds for minority-owned businesses, amid concerns from some lawmakers that those businesses were struggling to secure funding.

Source: News Formal (newsformal.com)

Munchin only cares about business

Agree! Under $150k or $100k--would keep many people in business for another few months

Accountability is critical. Release the information on who got what and then we can talk about forgiveness

Sec. Mnunchin's just helping his friends out. What's the problem with THAT?

He means for his 'small business' buddies. The definition of small business needs to be redefined.

We pay in our taxes so these bastards can steal them in the middle of a crisis.

Now we’re saying all the millionaires that got money don’t have to pay them back? stevenmnuchin1 this is the crooked scheme by this administration. DOJPH USGAO GOPLeader wake up this was planned

These are not the droids you’re looking for. ABC FoxNewsSunday CNN sethmeyers StephenAtHome StudentLivesMatter Students Congress

SenateDems SenateGOP HouseDemocrats HouseGOP Do NOT consider this until the recipients of these loans are published publicly. This is taxpayers money, we have a right to know. NYGovCuomo ABC CNN FoxNewsSunday StudentLivesMatter Students

realDonaldTrump trying to use taxpayers $$ to buy votes! Trump's Biz friends, Kushner's family, GOP (Nunes, McConnell's wife,etc CEO's who backed Trump in 2016 scored big under Covid19 Small Business Loans stevenmnuchin1 did not release report! Don't him or Trump!

Need Hazard pay for First Responders.

All of Trump's friends.

If the Democrats allowed Trump to end the war in Afghanistan today we could be sending stimulus 3 already

But yet it sends a bad message to clear all students loan debt. GTFOH

Please explain why large Corp recieved most of this money? Corp like 3M just gave everyone 2 weeks off which was paid. CCO should just take a 20% cut in pay.

Some small business is scamming the government by hiring less than reporting then when they come back they force their employees to have a check that dated on a month that never worked.

Give how many fraudulent 'loans' were made, NO. Is that clear enough? NO.

What a horrible human.

maddow he’s refused to release info on the smaller loans, under $150k. Now he wants them forgiven. I guarantee there are a lot of donors/friends who used multiple LLCs to hide getting many small loans. It’s a cover-up.

Fuck that

If Mnuchin is suggesting this than the forgiveness will wnd up being for the larger businesses that shouldn’t have gotten the loans to begin with. Mnuchin’s word is 💩.

Yeah....especially those wrongly given to political allies and fiancial supporters of Trump, right Stevie

He looks like he has been butt Mnuchin.

Are you f ing kidding me? 2 trillion? How is that not socialism , welfare and shameful given we can’t feed America?

Pretty easy when it is the tax payers money and not his...

Says the BondVillain

Especially not those of Mnuchin‘s friends.

The ones that went to Goya, Press Secretary’s parents.. other friends and GOP mafia associates?

So all of his “small business” cronies who stole the money from real small businesses can just walk away with free money from the fed? Republicans sure do love socialism when it helps fill their pockets.

And the grift continues TrumpCrimeFamilyForPrison Real small business owners might benefit from this, but what they are really doing is stealing from We the People because team trump is disgusting.

The only loans that need to be verified are the ones going those who legitimately need them,the ones going to their friends and family need not be. See how that works?

Here comes the friends and family loan forgiveness, without accountability. They just pocketed free taxpayer dollars. But sure, cut Social Security/Medicare.

BUSCO 195 NACIONES VOLUNTARIAS QUE SE GUARDEN DURANTE 40 DÍAS Y 40 NOCHES ENTONCES... EL COVID19 DESAPARECERÁ

It never ceases to amaze me...the lengths some will go to protect those who already have. Yet, students wear the yoke of loans around their necks forever!

ALL PPP loans need to be verified! ALL OF THEM!

I knew I should have set up a LLC that paid myself as an employee

Do worry, the middle class will be stuck with the bill. Lol

More socialism for the rich?

'don't look at who got them just push that through right quick, thanks'

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