Treasury Secretary Steve Mnuchin

Waters Announces Over $1 Billion in Paycheck Protection Program Loans

LAWT News ServiceOctober 1, 2020

Congresswoman Maxine Waters (CA-43), Chairwoman of the House Financial Services Committee, released a district data sheet which summarizes Paycheck Protection Program (PPP) data provided by the Small Business Administration (SBA) regarding loans made to businesses in Gardena, Harbor City, Hawthorne, Inglewood, Lawndale, Lomita, Los Angeles, Playa Vista, and Torrance. Over one billion dollars in PPP loans were awarded to 10,750 businesses within Congresswoman Waters’ congressional district.

COVID-19 Finance National

While Struggling Americans Await $1,200 Stimulus, Nation’s Wealthiest Reap Windfall

Stacy M. Brown NNPA Newswire Senior CorrespondentApril 23, 2020

The $2.3 trillion coronavirus stimulus package includes a temporary tax change for individuals who make at least $1 million a year, according to the Joint Committee on Taxation. The Joint Committee’s analysis shows 43,000 taxpayers in the highest income bracket, making more than $1 million a year, could save a combined $70 billion in taxes. Almost all benefits from the tax break go to people making more than $100,000 a year.