- Buried on page 203 of the bill is a tax break that could save wealthy real estate investors $170 billion over 10 years, as reported by the New York Times‘s Jesse Drucker.
- $454 billion of the package goes toward backing up a new Federal Reserve program that largely benefits big business. And since banks tend to maintain a 10-to-1 ratio between loans disbursed and capital on hand, that amount is “sufficient to supply corporate America with more than $4 trillion in subsidized financing,” reports New York magazine, noting acidly that it makes the bill a “plutocracy-stabilization fund.”
- The sunscreen industry caught a break when the product was lumped in with other over-the-counter drugs that will get speedier approval by the Food and Drug Administration in Subtitle F of Part V (“Miscellaneous Provisions”), spotted by Taxpayers for Common Sense.
- For-profit colleges, which tend to have high dropout rates and have a troubling record of misleading students about their ability to get jobs upon graduation, will be included in a provision that allows all colleges to keep funds given to educate students, even if they drop out due to COVID-19 emergencies.
- The bill gives $25 million to the Kennedy Center for the Performing Arts in Washington, which seems a little unnecessary at this time.
- It includes a six-month extension of federal funding for abstinence-only education (heavily supported by social conservatives), which has nothing to do with the pandemic or its health impacts.