Report: Senator Ted Cruz got $35 million for billionaire fracking donors in last COVID-19 relief aid
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Featured image: Senator Ted CruzStefani Reynolds / Bloomberg
Just as President Donald Trump criticizes "pork" in the current COVID-19 relief package, The Wall Street Journal reports that Senator Ted Cruz helped tweak the aid program to get $35 million for Texas billionaire fracking brothers in the last COVID-19 relief package.
The brothers, Dan and Farris Wilks have been prominent, longtime contributors of Ted Cruz.
Increase payments to the people, get rid of the “pork”. https://t.co/jq82qFIyUs— Donald J. Trump (@realDonaldTrump) December 27, 2020
ProFrac Holdings owned by the Wilks brothers applied for the loan and received the pandemic aid for $35 million, just as the company was going on a shopping spree, buying small oil and gas companies, The Wall Street Journals' Ted Mann and Brody Mullins reports. A critical factor in the loan application was Cruz, who reportedly helped persuade the Trump administration and the Federal Reserve to change the rules for pandemic loans to ensure that oil and gas firms could benefit, the Journal reports.