VATICAN GETS RICHER by COVID19: 9,000 Forgivable Loans($BILLIONS)? 2020
AP: Catholic Church lobbied for taxpayer funds, got $1.4B
The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid, with many millions going to dioceses that have paid huge settlements or sought bankruptcy protection because of clergy sexual abuse cover-ups.
The church’s haul may have reached -- or even exceeded -- $3.5 billion, making a global religious institution with more than a billion followers among the biggest winners in the U.S. government’s pandemic relief efforts, an Associated Press analysis of federal data released this week found.
Houses of worship and faith-based organizations that promote religious beliefs aren’t usually eligible for money from the U.S. Small Business Administration. But as the economy plummeted and jobless rates soared, Congress let faith groups and other nonprofits tap into the Paycheck Protection Program, a $659 billion fund created to keep Main Street open and Americans employed.
By aggressively promoting the payroll program and marshaling resources to help affiliates navigate its shifting rules, Catholic dioceses, parishes, schools and other ministries have so far received approval for at least 3,500 forgivable loans, AP found.
“The government grants special dispensation, and that creates a kind of structural favoritism,” said Micah Schwartzman, a University of Virginia law professor specializing in constitutional issues and religion who has studied the Paycheck Protection Program. “And that favoritism was worth billions of dollars.”
The amount that the church collected, between $1.4 billion and $3.5 billion, is an undercount. The Diocesan Fiscal Management Conference, an organization of Catholic financial officers, surveyed members and reported that about 9,000 Catholic entities received loans. That is nearly three times the number of Catholic recipients the AP could identify.
Rev 18:1 After all this I saw another angel come down from heaven with great authority, and the earth grew bright with His splendor.
Rev 18:2 He gave a mighty shout: "Babylon is fallen—that great city is fallen! She has become a home for demons. She is a hideout for every foul spirit, a hideout for every foul vulture and every foul and dreadful animal.
Rev 18:3 For all the nations have fallen because of the wine of her passionate immorality. The kings of the world have committed adultery with her. Because of her desires for extravagant luxury, the merchants of the world have grown rich."
Rev 18:4 Then I heard another voice calling from heaven, "Come away from her, My people. Do not take part in her sins, or you will be punished with her.
Rev 18:5 For her sins are piled as high as heaven, and God remembers her evil deeds.
Rev 18:20 Rejoice over her fate, O heaven and people of God and apostles and prophets! For at last God has judged her for your sakes.
Rev 18:21 Then a mighty angel picked up a boulder the size of a huge millstone. He threw it into the ocean and shouted, "Just like this, the great city Babylon will be thrown down with violence and will never be found again.
Rev 18:22 The sound of harps, singers, flutes, and trumpets will never be heard in you again. No craftsmen and no trades will ever be found in you again. The sound of the mill will never be heard in you again.
Rev 18:23 The light of a lamp will never shine in you again. The happy voices of brides and grooms will never be heard in you again. For your merchants were the greatest in the world, and you deceived the nations with your sorceries.
Rev 18:24 In your streets flowed the blood of the prophets and of God's holy people and the blood of people slaughtered all over the world."
Karen Hudes World Bank) IRS collects your taxes and gives it to the Vatican