The elite Maryland private school participated in by Donald Trump‘s son Barron is collecting taxpayer stimulus help– and Treasury Secretary Steve Mnuchin is demanding that cash to wealthy schools be returned.
The Brentwood School in Los Angeles, went to by Mnuchin’s own kids, is also collecting public funds as part of the administration small company stimulus program indicated to help reduce the financial damage from the coronavirus pandemic, the Los Angeles Times reported.
Neither school plans to return the money.
Revelations of the funds to the organizations even as Republicans threaten to let states– and their public schools– declare bankruptcy is fueling mounting fury over an enormous taxpayer giveaway to rich operations.
Struggling small companies, meanwhile, are being ejected of much-needed funds from the Paycheck Defense Program. The loans can end up being grants if the money is utilized continue to pay salaries and rent.
Mnuchin is demanding private schools with substantial endowments return the taxpayer funds meant to assist having a hard time small companies. ” It has actually concerned our attention that some independent schools with substantial endowments have actually taken #PPP loans. They must return them,” Mnuchin tweeted Friday.
It has actually pertained to our attention that some private schools with significant endowments have actually taken #PPP loans. They ought to return them. @SBAgov #CARESAct #PPPLoans
— Steven Mnuchin (@stevenmnuchin1) May 1, 2020
An aide to the president said that Trump, too, thinks the funds to rich schools must be returned– although his administration and Republican lawmakers spearheaded the stimulus plan that’s now being taken advantage of by the organizations.
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