Sen. Bernie SandersBernie SandersIn Washington, the road almost never taken Don't let partisan politics impede Texas' economic recovery The Hill's Morning Report - Presented by Alibaba - Democrats argue price before policy amid scramble MORE (I-Vt.) took aim Monday at federal coronavirus aid to benefit the Carnival Cruise Line as the U.S. Postal Service (USPS) faces bankruptcy.
“How in the hell does Carnival, a cruise ship company that pays virtually no federal income taxes, receive a bailout, but the Postal Service, the most popular government agency in America, does not?” Sanders tweeted.
How in the hell does Carnival, a cruise ship company that pays virtually no federal income taxes, receive a bailout, but the Postal Service, the most popular government agency in America, does not?— Bernie Sanders (@SenSanders) April 27, 2020
The Post Office is essential. Cruise ships are not. https://t.co/cb9k0E291u
Sanders linked to a Wall Street Journal article reporting that as Carnival, the world’s largest cruise line operator, hemorrhaged money due to the coronavirus pandemic, the company was able to raise nearly $6 billion in bond markets from investors.
The Postal Service has projected a $13 billion deficit due to the pandemic even as its employees are classified as essential. The union that represents postal workers has said 1,219 have tested positive and 44 have died.
Congress issued $10 billion in loans to USPS in the $2.2 trillion CARES Act passed in March, but Treasury Secretary Steven MnuchinSteven MnuchinThe Hill's Morning Report - Presented by Alibaba - Biden jumps into frenzied Dem spending talks Former Treasury secretaries tried to resolve debt limit impasse in talks with McConnell, Yellen: report Menendez, Rubio ask Yellen to probe meatpacker JBS MORE reportedly rejected a Senate proposal with bipartisan backing that would have provided a bailout for the postal service.
President TrumpDonald TrumpGraham says he hopes that Trump runs again Trump says Stacey Abrams 'might be better than existing governor' Kemp Executive privilege fight poses hurdles for Trump MORE has said USPS’s rates for package deliveries benefits companies like Amazon, and Treasury officials are reportedly considering leveraging the loan to alter what it charges for packages.