Coronavirus virus stimulus package will prevent companies controlled by Trump, family from getting federal relief

Coronavirus virus stimulus package will prevent companies controlled by Trump, family from getting federal relief

Washington – Included in the $ 2 trillion stimulus package aimed at relieving families, small businesses and industries suffering from the coronovirus epidemic is a provision that blocks businesses receiving federal relief controlled by President Trump and his family.

The office of Senate Minority Leader Chuck Schumer said Wednesday morning that New York Democrats secured provisions in the Bipartisan deal, preventing companies like the Trump Organization from receiving loans or investments from Treasury Department programs.

Businesses controlled by Vice President Vice Pence, members of Congress and cabinet heads are also barred from benefiting from federal money, according to Schumer’s office. This prohibition extends to the children, spouses and in-laws of government officials.

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Senate leaders announced after 1pm on Wednesday that they had Reached a deal With the White House on stimulus package, which is set to be the largest in American history. The deal follows days of intense negotiations that nearly derailed after Senate Democrats earlier this week Double blocked Remedy in advance.

Most of the Americans included in the historic package are direct payments, $ 367 billion for small businesses and $ 500 billion for large industries. Mr. Trump’s portfolio of properties in the hospitality business answered questions about whether he wanted to benefit from federal relief.

The properties owned by Mr. Trump were not immune to the effects of coronaviruses. according to this new York Times, The Trump Organization has cut staff from its hotels in New York and Washington, closed new reservations at a hotel in Las Vegas and closed golf courses in California and Florida.

In Washington, DC, which ordered non-business businesses to ban and close restaurants and bars, Trump International Hotel, a gathering place for associates of presidents and administration officials, closed its restaurants, bars and spas Is done. Mar-a-Lago, the president’s South Florida resort where he frequently hosts other world leaders, has also closed.

Mr. Trump was buried To do this on Sunday that no taxpayer dollars will go towards its assets.

“Let’s see what happens, because we have to save some of these great companies,” he said. “They can be great companies, literally, in just a few weeks. We have to save them.”

The President has come under scrutiny for maintaining his stake in the Trump Organization. After he was elected President in 2016 Opted not to avail Owned and handed over control to his two sons.

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