Friends --
As millions of Americans continue to struggle with job losses and severe financial setbacks from the COVID-19 crisis, the Trump administration is prioritizing wealthy corporations.
Our parent organization Accountable.US has created a resource to inform the public about how the Trump administration is failing hardworking Americans while bailing out wealthy corporations. VisitTrumpBailouts.org and share the site on social media.
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The CARES Act that was signed into law in March included a $500 billion bailout fund for “distressed” large businesses at the insistence of President Trump and his allies in Congress. And what qualifications do corporations have to meet to get bailed out?
Well, we can tell you what qualifications corporations don’t have to meet. There is:
-- No restrictions for how many billions of dollars in quarterly profits they’ve recently posted.
-- No limit on how many millions of dollars they pay their CEOs.
-- No maximum amount of dividends they’ve paid out to shareholders, even in the middle of this crisis.
-- No consideration for how much they benefited from the 2017 Trump tax cuts, which were directed at the largest corporations.
Meanwhile, over 100,000 small businesses have gone under in this crisis, many because they never got the help they were promised from the administration. This economic crisis is likely to get worse before it gets better. And instead of looking out for the hardworking people who built our once-thriving economy, Trump is leaving them out in the cold while rescuing billion-dollar corporations.
If you agree that this administration should prioritize people over corporations, please share our new website TrumpBailouts.org on social media to help spread the word.
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Thank you for your support and take care,
The Allied Progress Team
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Not authorized by any candidate or candidate's committee.
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