News Analysis
The White House’s attack on Republicans for their alleged hypocrisy in taking advantage of the loan forgiveness provisions of the Paycheck Protection Program (PPP) while opposing President Joe Biden’s student loan forgiveness for to up to 43 million Americans is highly misguided, according to a GOP lawmaker and experts.
PPP was an emergency program run by the Small Business Administration to make sure companies paid their employees as the states began COVID-19 lockdowns at the height of the pandemic.
In return for continuing to pay employees, companies were “forgiven” the loan amounts by the originating banks, which were then reimbursed by the federal government….


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