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It seems that everywhere one turns these days it is possible to find a new subterfuge whereby the state of Israel is able to extract still more money from the American taxpayer. Israel receives $3.8 billion annually in defense assistance directly from the U.S. Treasury, a sum that is guaranteed for the next 10 years and which works out to $10 million per day. That sum has of late been supplemented by an additional $500 million per year to help improve the Jewish state’s missile defense system, which directly competes with products developed and sold by American defense contractors like Raytheon. That means that not only are U.S. jobs lost, Washington is basically subsidizing the competitor’s development costs. It is not imaginable that the United States would do anything similar with any other country, much less with a pariah state that is not even technically an ally.It should surprise no one to learn that even given the current economic and healthcare crisis in the U.S., Israeli start-up companies and affinity groups that lobby in the United States have been declared eligible to receive Covid-19 related money under the Paycheck Protection Program (PPP). The payments have been authorized through the multi-trillion-dollar CARES Business Assistance Program for foreign companies as long as they have a facility in the United States and have some salaried U.S. employees. The loans can be as much as two-and-a-half times the cost of wages actually paid to employees up to a total of $10 million and are issued at 1% interest that is repayable within two years, with a six-month grace period before payments are due. The loan would be converted into a grant if the company can demonstrate that the money was actually spent on salaries that prevented terminating employees.Verdict? All "nazi lies" right?Reportedly 1,000 Jewish and Israel linked entities have already received $500 million but then proceeded to lay off American employees anyway after they received their money. There has been, of course, no reciprocity of tax breaks or loans for U.S. companies operating in Israel.
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