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Gov. Kemp’s $38,000 PPP Loan Was Forgiven, But He Opposes Student Loan Forgiveness
Gov. Brian Kemp’s hypocrisy is on full display as he came out this week opposing President Biden’s plan to forgive student loans by up to $20,000 for working and middle class families. Kemp said loan forgiveness is something he fundamentally opposes, but Kemp’s company Specialty Stone LLC received a PPP loan for $38,137, which was forgiven.
“For Brian Kemp, having his own loans forgiven is fine and dandy, but he ‘fundamentally opposes’ student loan forgiveness for working Georgians and middle class families. It’s full-blown, blatant hypocrisy from a governor who also once took out millions in loans from his own bank and paid them back late — and faced no penalties due to his insider deals. If Brian Kemp wants to address the student loan crisis, he should follow Stacey Abrams’ lead in expanding access to the HOPE scholarship and making technical college free so that we can build an educated workforce without millions in debt,” stated Max Flugrath, spokesman for the Democratic Party of Georgia.
Kemp took millions of dollars in loans from First Madison Bank and Trust, where he was a founding board member and stockholder. Kemp’s loans from First Madison Bank and Trust were paid back late, with no consequences.
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