Hunter Biden’s Former Law Firm Received $10M in Forgiven COVID Loans While Donating $1M to Dems; 19,000 Millionaires Collected Unemployment During the Pandemic, and other C-Virus related stories

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Hunter Biden’s former law firm received $10M in forgiven COVID loans while donating $1M to Dems:

Hunter Biden’s past employer, law firm Boies Schiller Flexner, received $10 million in forgiven pandemic loans from the federal government — while donating nearly $1 million to Democratic candidates, an independent investigation has found.

Of 300 top law firms investigated by transparency nonprofit Open the Books, Boies took the single-biggest loan, $10.14 million, from the Paycheck Protection Program, established by the Trump administration in 2020 to help mom-and-pop businesses survive the pandemic. The loan was forgiven in 2021.

Meanwhile, the firm — headed by longtime Joe Biden donor David Boies — billed $480 million to clients in 2020 and 2021, and equity partners each earned $4.5 million. --->READ MORE HERE

AP Photo/Julia Nikhinson, File

19,000 millionaires collected unemployment during the pandemic:

Thousands of millionaires were collecting government unemployment checks while essential workers were paying into the system during the coronavirus pandemic, according to IRS data.

More than 19,000 tax filers who reported earning at least $1 million in 2020 also collected unemployment benefits that year. They walked away with more than a quarter of a billion dollars in payments, the IRS found.

Among them were 229 taxpayers who earned at least $10 million that year yet also applied for and took unemployment payments. Nearly 700 more taxpayers collected jobless benefits despite making $5 million to $10 million.

Sen. Joni Ernst, an Iowa Republican who in 2020 tried to draw attention to the likelihood that millionaires would get unemployment benefits, said it was particularly galling to see them collect money while so many lower-wage workers were still on the job and paying taxes to fund the system. She called it the “reverse-millionaire tax.”

“The true million-dollar question is: Why did Congress continue to pay the rich not to work?” she said.

She planned to announce legislation Wednesday that would cut off federal unemployment payments to those with million-dollar incomes. Sen. Jon Tester, Montana Democrat, is sponsoring the bill with her.

Millionaires are entitled to unemployment payments because of a 1964 Labor Department ruling that said states could not impose a means test on the program’s beneficiaries. --->READ MORE HERE

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