News

At least 18 billionaires got federal stimulus checks, report says

Posted on

“At least 18 billionaires — and hundreds of other ultra-wealthy individuals — received federal stimulus checks even though the payments were aimed at helping poor and middle-income households weather the pandemic’s economic crisis, according to a new report from ProPublica.

About 270 wealthy people received payments in the first round of stimulus checks directed by lawmakers in 2020, despite having a total of $5.7 billion in income, according to the the report, which cited a trove of IRS data on thousands of the nation’s wealthiest individuals ProPublica said it had obtained. “

« Back to News