SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
House Speaker Nancy Pelosi (D-Calif.) speaks during a weekly news conference at the U.S. Capitol May 7, 2020 in Washington, D.C. (Photo: Alex Wong/Getty Images)
House Speaker Nancy Pelosi has thrown her support behind a proposal to allow corporate lobbying groups to receive bailout money from a Covid-19 relief program meant for small businesses, a move one critic bluntly described as the "dumbest political maneuver you could possibly make right now."
During a webinar with small business representatives on Tuesday, Pelosi said the next coronavirus relief package will include a change to the Paycheck Protection Program (PPP) that would permit 501(c)(6) organizations to receive forgivable taxpayer loans.
"Many of the largest lobbying forces are organized under the 501(c)(6) section of the tax code as trade groups," The Intercept's Lee Fang reported Wednesday. "Lobbyists have stepped up a campaign to make sure professional influence peddlers are eligible for the PPP... The push also includes a demand for an additional $25 billion for canceled events and other lost revenue from the coronavirus pandemic."
"Senior Democratic lawmakers, including House Speaker Nancy Pelosi, plan to accommodate the demand and change the eligibility standard so that small business bailout money can flow to business advocacy groups," Fang added.
While Pelosi said the next coronavirus stimulus bill will expand PPP to include 501(c)(6) and 501(c)(4) organizations, the speaker did not say whether the legislation will make 501(c)(5) groups that represent labor unions eligible for the loan program.
\u201cThe Democratic push to expand P3 eligibility means small business rescue funds could go to thousands of lobbyists, from the National Rifle Assoc. to the National Restaurant Association.\u201d— Lee Fang (@Lee Fang) 1588788276
\u201cThe National Restaurant Association is *the* reason there has been no raise in the federal min wage, no paid sick leave law. That\u2019s why they pay their top lobbyist as much as $3 million a year, working out of a palatial new office building in DC. Thats who Dems want to bailout.\u201d— Lee Fang (@Lee Fang) 1588788276
Pelosi's support for a lobbyist bailout comes as she is facing pressure from outside progressives, including nurses, to advance a bold Covid-19 stimulus package and stop rubber-stamping piecemeal legislation that provides insufficient relief to frontline workers, the unemployed, and states and localities.
In a blog post on Thursday, David Dayen, executive editor of The American Prospect, offered a scathing assessment of both Pelosi's leadership and the refusal of Congressional Progressive Caucus leaders to raise their voices in dissent.
"Pelosi has run the House of Representatives by fiat for close to two months, and there hasn't been a single word of protest as she locks every other member of the Democratic caucus out of policymaking and hands them take-it-or-leave-it legislation," Dayen wrote. "Pelosi listens to some people, powerful people. And she pays lip service to others. She does this because she knows she can get away with it."
Last month, the Progressive Caucus unveiled a list of priorities for the next coronavirus stimulus package--including $2,000 monthly direct cash payments to all U.S. households and an expansion of Medicare to cover the unemployed and uninsured--but it is unclear which if any of the demands will make it into the final bill expected to hit the House floor for a vote as early as next week.
During the webinar with small business leaders on Tuesday, Pelosi said Rep. Pramila Jayapal's (D-Wash.) paycheck guarantee proposal is "very worthy of consideration" but did not commit to including it in the stimulus package.
"That's code for 'nice work but it's not getting in the bill,'" wrote Dayen.
Dear Common Dreams reader, The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets. That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done. Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good. Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support. That's not just some fundraising cliche. It's the absolute and literal truth. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. Will you donate now to help power the nonprofit, independent reporting of Common Dreams? Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most. - Craig Brown, Co-founder |
House Speaker Nancy Pelosi has thrown her support behind a proposal to allow corporate lobbying groups to receive bailout money from a Covid-19 relief program meant for small businesses, a move one critic bluntly described as the "dumbest political maneuver you could possibly make right now."
During a webinar with small business representatives on Tuesday, Pelosi said the next coronavirus relief package will include a change to the Paycheck Protection Program (PPP) that would permit 501(c)(6) organizations to receive forgivable taxpayer loans.
"Many of the largest lobbying forces are organized under the 501(c)(6) section of the tax code as trade groups," The Intercept's Lee Fang reported Wednesday. "Lobbyists have stepped up a campaign to make sure professional influence peddlers are eligible for the PPP... The push also includes a demand for an additional $25 billion for canceled events and other lost revenue from the coronavirus pandemic."
"Senior Democratic lawmakers, including House Speaker Nancy Pelosi, plan to accommodate the demand and change the eligibility standard so that small business bailout money can flow to business advocacy groups," Fang added.
While Pelosi said the next coronavirus stimulus bill will expand PPP to include 501(c)(6) and 501(c)(4) organizations, the speaker did not say whether the legislation will make 501(c)(5) groups that represent labor unions eligible for the loan program.
\u201cThe Democratic push to expand P3 eligibility means small business rescue funds could go to thousands of lobbyists, from the National Rifle Assoc. to the National Restaurant Association.\u201d— Lee Fang (@Lee Fang) 1588788276
\u201cThe National Restaurant Association is *the* reason there has been no raise in the federal min wage, no paid sick leave law. That\u2019s why they pay their top lobbyist as much as $3 million a year, working out of a palatial new office building in DC. Thats who Dems want to bailout.\u201d— Lee Fang (@Lee Fang) 1588788276
Pelosi's support for a lobbyist bailout comes as she is facing pressure from outside progressives, including nurses, to advance a bold Covid-19 stimulus package and stop rubber-stamping piecemeal legislation that provides insufficient relief to frontline workers, the unemployed, and states and localities.
In a blog post on Thursday, David Dayen, executive editor of The American Prospect, offered a scathing assessment of both Pelosi's leadership and the refusal of Congressional Progressive Caucus leaders to raise their voices in dissent.
"Pelosi has run the House of Representatives by fiat for close to two months, and there hasn't been a single word of protest as she locks every other member of the Democratic caucus out of policymaking and hands them take-it-or-leave-it legislation," Dayen wrote. "Pelosi listens to some people, powerful people. And she pays lip service to others. She does this because she knows she can get away with it."
Last month, the Progressive Caucus unveiled a list of priorities for the next coronavirus stimulus package--including $2,000 monthly direct cash payments to all U.S. households and an expansion of Medicare to cover the unemployed and uninsured--but it is unclear which if any of the demands will make it into the final bill expected to hit the House floor for a vote as early as next week.
During the webinar with small business leaders on Tuesday, Pelosi said Rep. Pramila Jayapal's (D-Wash.) paycheck guarantee proposal is "very worthy of consideration" but did not commit to including it in the stimulus package.
"That's code for 'nice work but it's not getting in the bill,'" wrote Dayen.
House Speaker Nancy Pelosi has thrown her support behind a proposal to allow corporate lobbying groups to receive bailout money from a Covid-19 relief program meant for small businesses, a move one critic bluntly described as the "dumbest political maneuver you could possibly make right now."
During a webinar with small business representatives on Tuesday, Pelosi said the next coronavirus relief package will include a change to the Paycheck Protection Program (PPP) that would permit 501(c)(6) organizations to receive forgivable taxpayer loans.
"Many of the largest lobbying forces are organized under the 501(c)(6) section of the tax code as trade groups," The Intercept's Lee Fang reported Wednesday. "Lobbyists have stepped up a campaign to make sure professional influence peddlers are eligible for the PPP... The push also includes a demand for an additional $25 billion for canceled events and other lost revenue from the coronavirus pandemic."
"Senior Democratic lawmakers, including House Speaker Nancy Pelosi, plan to accommodate the demand and change the eligibility standard so that small business bailout money can flow to business advocacy groups," Fang added.
While Pelosi said the next coronavirus stimulus bill will expand PPP to include 501(c)(6) and 501(c)(4) organizations, the speaker did not say whether the legislation will make 501(c)(5) groups that represent labor unions eligible for the loan program.
\u201cThe Democratic push to expand P3 eligibility means small business rescue funds could go to thousands of lobbyists, from the National Rifle Assoc. to the National Restaurant Association.\u201d— Lee Fang (@Lee Fang) 1588788276
\u201cThe National Restaurant Association is *the* reason there has been no raise in the federal min wage, no paid sick leave law. That\u2019s why they pay their top lobbyist as much as $3 million a year, working out of a palatial new office building in DC. Thats who Dems want to bailout.\u201d— Lee Fang (@Lee Fang) 1588788276
Pelosi's support for a lobbyist bailout comes as she is facing pressure from outside progressives, including nurses, to advance a bold Covid-19 stimulus package and stop rubber-stamping piecemeal legislation that provides insufficient relief to frontline workers, the unemployed, and states and localities.
In a blog post on Thursday, David Dayen, executive editor of The American Prospect, offered a scathing assessment of both Pelosi's leadership and the refusal of Congressional Progressive Caucus leaders to raise their voices in dissent.
"Pelosi has run the House of Representatives by fiat for close to two months, and there hasn't been a single word of protest as she locks every other member of the Democratic caucus out of policymaking and hands them take-it-or-leave-it legislation," Dayen wrote. "Pelosi listens to some people, powerful people. And she pays lip service to others. She does this because she knows she can get away with it."
Last month, the Progressive Caucus unveiled a list of priorities for the next coronavirus stimulus package--including $2,000 monthly direct cash payments to all U.S. households and an expansion of Medicare to cover the unemployed and uninsured--but it is unclear which if any of the demands will make it into the final bill expected to hit the House floor for a vote as early as next week.
During the webinar with small business leaders on Tuesday, Pelosi said Rep. Pramila Jayapal's (D-Wash.) paycheck guarantee proposal is "very worthy of consideration" but did not commit to including it in the stimulus package.
"That's code for 'nice work but it's not getting in the bill,'" wrote Dayen.