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SCOOP: At least two conservative groups backing TRUMP's re-opening push — @FreedomWorks & @LibertyCounsel — have applied for @SBAgov loans.
FreedomWorks application is notable, since:
1) it opposed past bailouts.
2) it's organizing coronavirus protests. https://www.nytimes.com/2020/04/24/us/politics/coronavirus-bailouts-conservative-liberal.html
FreedomWorks application is notable, since:
1) it opposed past bailouts.
2) it's organizing coronavirus protests. https://www.nytimes.com/2020/04/24/us/politics/coronavirus-bailouts-conservative-liberal.html
The PAYCHECK PROTECTION PROGRAM expressly allows for applications from nonprofit groups registered under section 501(c)(3) of the tax code, which includes churches & other religious institutions, but also public policy groups like @FreedomWorks Foundation. https://www.nytimes.com/2020/04/24/us/politics/coronavirus-bailouts-conservative-liberal.html
. @FreedomWorks' SBA loan application is through its 501(c)(3) foundation arm, not its 501(c)(4) arm, which is organizing coronavirus protests, though the arms are intertwined.
Liberal 501(c)(3) orgs, like @MMFA & @webuildprogress also applied for loans. https://www.nytimes.com/2020/04/24/us/politics/coronavirus-bailouts-conservative-liberal.html
Liberal 501(c)(3) orgs, like @MMFA & @webuildprogress also applied for loans. https://www.nytimes.com/2020/04/24/us/politics/coronavirus-bailouts-conservative-liberal.html
. @FreedomWorks opposed the 2008 bailout.
But it applied for an @SBAgov coronavirus stimulus loan, partly because, thru no fault of its own, it was barred from having its annual fundraiser.
“I would love someone to give us free cash,” said its president. https://www.nytimes.com/2020/04/24/us/politics/coronavirus-bailouts-conservative-liberal.html
But it applied for an @SBAgov coronavirus stimulus loan, partly because, thru no fault of its own, it was barred from having its annual fundraiser.
“I would love someone to give us free cash,” said its president. https://www.nytimes.com/2020/04/24/us/politics/coronavirus-bailouts-conservative-liberal.html
Some small government conservative groups (like the @CatoInstitute) decided not to apply for @SBAgov loans, because:
1) others needed it more than them.
2) they were concerned it would undermine their moral standing to oppose big government spending. https://www.wsj.com/articles/why-we-say-no-thanks-to-a-cares-act-loan-11586988384
1) others needed it more than them.
2) they were concerned it would undermine their moral standing to oppose big government spending. https://www.wsj.com/articles/why-we-say-no-thanks-to-a-cares-act-loan-11586988384
For liberal groups, there are different concerns about seeking @SBAgov loans, including:
1) it could be used to undermine their criticism of TRUMP's coronavirus response.
2) the administration might retaliate against critical orgs by not forgiving loans. https://www.nytimes.com/2020/04/21/us/politics/coronavirus-protests-trump.html
1) it could be used to undermine their criticism of TRUMP's coronavirus response.
2) the administration might retaliate against critical orgs by not forgiving loans. https://www.nytimes.com/2020/04/21/us/politics/coronavirus-protests-trump.html
Most of the politically oriented public policy orgs whose @SBAgov loan applications we revealed ( @FreedomWorks, @LibertyCounsel, @mmfa & @WeBuildProgress) have yet to receive loans.
(A state branch of the @ACLU got $154k).
So, if you know of other 501c3s seeking loans, DM me…
(A state branch of the @ACLU got $154k).
So, if you know of other 501c3s seeking loans, DM me…
