Opinion: Why is helping young people crushed with debt a handout, but a PPP loan isn't?
The notoriously reclusive Marjorie Taylor Greene appeared on NewsMax last week to criticize Biden’s student loan forgiveness initiative as “completely unfair” despite records showing that the construction company she and her husband own had $183,504 worth of Paycheck Protection Program (PPP) loans forgiven in 2020. Additional reporting by Yahoo News shows that the month after receiving a six-figure PPP loan, then congressional candidate Taylor Green donated $450,000 to her own campaign.
I figured conservative hypocrisy was imminent. I didn’t expect the official White House Twitter to showcase it. Per that account, Pennsylvania Rep Mike Kelly and Florida Rep Matt Gaetz, both vocal critics of loan forgiveness, had $987,237 and $482,321, respectively, in PPP loans forgiven.
Kelly especially stepped in it when he tweeted, “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair, it’s bad policy,” which is willfully misleading. Wall Street advisers and lawyers typically make way over the $125,000 yearly-salary threshold for forgiveness eligibility. Despite what Republican politicians tweet, this isn’t for “elites.”
It’s bailing out indebted college-educated working-class Americans; teachers, nurses, physical therapists, customer success reps, graphic designers, realtors, small-business owners, the people you most likely live and work around, your family, friends, and neighbors.
https://www.yahoo.com/news/opinion-why-helping-young-people-090016014.html
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