An outside study suggests that the program — commonly known as PPP — was troublingly expensive per job saved and the payments mostly benefitted the more affluent.
WASHINGTON — President Donald Trump rolled out the Paycheck Protection Program to catapult the U.S. economy into a quick recovery from the coronavirus pandemic by helping small businesses stay open and their employees working. President Joe Biden tweaked it to try to direct more of the money to poorer communities and minority-owned companies.
However, an outside study suggests that the program — commonly known as PPP — was troublingly expensive per job saved and the payments mostly benefitted business owners who were best prepared to weather the pandemic. On the whole, the study implies that just 23% to 34% of PPP dollars went to workers who would have lost jobs, at a cost of as much as $258,000 per job retained.
"The U.S. has instead 'starved the beast,'" Autor said."The result is not less government. It's simply less effective government." The program enjoyed bipartisan support and the treasury secretary at the time, Steven Mnuchin, told a congressional committee in September 2020 that the payments had supported 50 million jobs. Yet as he pushed for additional aid, Mnuchin said the most important thing during the pandemic was to provide aid"quickly."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Did the PPP Loans Actually Help Small Businesses? What Taxpayers Got for $800 BillionA prominent academic study suggests the overall price tag was high per job saved and most of the benefits accrued to the affluent
続きを読む »
Two years into COVID, was $800B payroll aid plan worth it?President Donald Trump rolled out the Paycheck Protection Program to catapult the U.S. economy into a quick recovery from the coronavirus pandemic
続きを読む »
Two years into COVID, was $800B payroll aid plan worth it?WASHINGTON (AP) — President Donald Trump rolled out the Paycheck Protection Program to catapult the U.S. economy into a quick recovery from the coronavirus pandemic by helping small businesses stay open and their employees working.
続きを読む »
Did the PPP Loans Actually Help Small Businesses? What Taxpayers Got for $800 BillionA prominent academic study suggests the overall price tag was high per job saved and most of the benefits accrued to the affluent
続きを読む »
House Passes $1.5 Trillion Omnibus Package That Includes Aid for UkraineThe House has passed a $1.5 trillion spending bill that includes emergency aid for Ukraine and funds the federal government for the rest of the fiscal year
続きを読む »
Fact check: No, COVID vaccines aren't causing AIDSCOVID-19 vaccines don't cause AIDS, and they don't make people more susceptible to HIV or AIDS, contrary to a recent blog post's claims.
続きを読む »