LACEY TOWNSHIP, NJ – According to Politico, dozens of powerful political firms in New Jersey took full advantage of Paycheck Protection loans from the federal government during the COVID-19 pandemic. Those wealthy, well connected politicians included New Jersey Senator Michael Testa ($150-$350k); Senator Anthony Bucco ($150-$350k); Senator Chris Connors ($150-$350k); Assemblyman Greg McGuckin ($150-$350k); Senator James Holzapfel ($150-$350k); Assemblymen Sean Kean and Senator Joe Lagana ($1m – $2m) and Atlantic County Democrat Vince Mazzeo ($150-$350k).
Those politicians survived COVID-19. Their businesses survived COVID-19 and for that, we commend them.
Most small businesses were rejected for the PPP loans, instead the majority of the funding went to large businesses that could have weathered the storm. Instead, businesses who needed the money eventually went out of business, downsized, laid-off employees and went without during the pandemic lockdown.
Now, a new round of PPP is coming and let’s hope the big guys like the McGuckins, Holzapfels and Keans of the New Jersey political elite save some money for the little people just trying to get by in New Jersey.
Photo by Viacheslav Bublyk on Unsplash