Kudlow: We Never Promised To Disclose Business Loans

Axios reports:

White House economic adviser Larry Kudlow told CNN’s “State of the Union” Sunday that the Trump administration never promised to release the names of businesses that received forgivable Paycheck Protection Program loans as a part of the CARES Act.

Why it matters: U.S. taxpayers have provided hundreds of millions of tax dollars to bail out small businesses impacted by economic disruption set off by the coronavirus pandemic, but they may never know where exactly the money went ⁠and how well the program worked.

Historically, business recipients of the Small Business Administration’s Section 7(a) loans, which PPP was structured under, have had their names and loan amounts publicly disclosed on an annual basis.

Larry Kudlow just said “We are not seeing a second round of Coronavirus” on @jaketapper‘s show. This same fucking guy said “We have contained this. I won’t say it’s airtight, but it’s pretty close to airtight” right before it killed the first 100,000 people.

— JeremyNewberger (@jeremynewberger) June 14, 2020

Larry Kudlow defends decision not to name which businesses receive big, taxpayer-funded loans. “I don’t know think that promise was ever made & I don’t think it’s necessary…There’s a certain privacy element here.” Says he’ll let Mnuchin make any “technical adjustments.”

— Kaitlan Collins (@kaitlancollins) June 14, 2020

Kudlow to @jaketapper: “Hospitalizations may be going up but that’s because elected procedures are now permitted.”

Texas has reported the number of those hospitalized with Coronavirus is at an all-time high. Arizona warned that its ICU’s are filling up with COVID-19 cases.

— Bianna Golodryga (@biannagolodryga) June 14, 2020

WATCH: Larry Kudlow tries to defend the Trump administration’s refusal to disclose what companies are getting huge taxpayer-funded loans:@jaketapper calls it “as swampy a deal as I can ever imagine.” pic.twitter.com/0XsGobDhQB

— DNC War Room (@DNCWarRoom) June 14, 2020