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Wealth

Reprinted with permission from DCReport

Tens of millions of Americans are cashless, many desperate to feed their children. Meanwhile the richest Americans merrily float on a rapidly rising tide of money thanks mainly to Trump & Co.

My analysis of Federal Reserve data shows a record flow of greenbacks let the corporate rich pour trillions of dollars into their accounts as they fired tens of millions.

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Clay Lacy Aviation, founded by a GOP donor, got $27 million in bailout

Reprinted with permission from ProPublica.

An Omaha, Nebraska-based private jet company whose principal owner donated generously to Donald Trump and Republicans ahead of the 2016 election received $20 million in taxpayer aid from the federal bailout package passed in March.

Jet Linx Aviation, which caters to well-to-do CEOs and executives, was the second private plane company founded or owned by Trump donors to receive federal funds designated for the airline industry under the Coronavirus Aid, Relief and Economic Security Act. CNBC reported on Thursday that Clay Lacy Aviation, a Van Nuys, California-based private jet company whose founder has given nearly $50,000 to the Republican National Committee and Trump, got $27 million in federal funds.

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