//New Additions to the Federal Stimulus Bill for Higher Bank Profits Could Screw Restaurants

New Additions to the Federal Stimulus Bill for Higher Bank Profits Could Screw Restaurants

During a White House press briefing on April 2, a journalist asked Treasury Secretary Steve Mnuchin what incentives restaurants had to keep paying workers — a key goal of the $350 billion Paycheck Protection Program — if no one is actually patronizing those businesses, which remain largely shuttered in New York. The secretary responded by explaining that the program’s loans turn into grants, which is true if workers are kept on staff. “You get money for their medical…you get money