Covid Stimulus - Union Pension Bailout
More Money in Stimulus Bill for Pension Bailouts 'Than All the Money Combined' for Vaccines, Congressman Says
Unions are getting a free pass after mismanaging their multi-employer pensions for decades. In a provision not well-publicized before the stimulus bill narrowly passed by the Senate with only Democrat support, $86 billion dollars will be directed to at least185 multi-employer union pension plans that are close to collapse. According to the New York Times:
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