Biden Advisors are not eligible for assistance payments

At least one group of people in the country is unlikely to receive funding from President Joe Biden’s $ 1.9 trillion economic bailout plan: His own advisers.

Most of the senior West Wing advisers far exceed the threshold that would make them eligible for direct payments from the COVID-19 relief initiative, according to the White House financial transparency forms released Saturday. The reporting period includes all of 2020.

The documents reflect a group of advisers whose wealth is overshadowed by that of those who surrounded President Donald Trump, but they do not fully fit Biden’s “middle class” image.

Some of Biden’s top advisers worked in President Barack Obama’s administration and transitioned to the corporate world before returning to government service. Others in the White House – whose positions do not require confirmation in the Senate – have strong ties to the business world.

White House chief of staff Ron Klain, who worked for Biden when he was vice president, has been an executive at the venture capital firm Revolution. The records indicate that his salary is 1.8 million dollars a year, according to the transparency formats. The limit for receiving direct payments is $ 80,000 per year per person or $ 160,000 per couple.

Jen O’Malley Dillon, who led Biden’s campaign before becoming deputy chief of staff, was a co-founder of the consulting firm Precision Strategies, and its format allows you to view some of the consulting work she did at the company. The document lists clients such as General Electric, Lyft and Gates Ventures, the venture capital firm founded by billionaire Bill Gates.

Deferred compensation and O’Malley Dillon termination from Precision appear above $ 420,000.

The coordinator of the White House response to the coronavirus, Jeffrey Zients, was the CEO of Wall Street investment firm Cranemere and his transparency format shows that he had salaries and bonuses of $ 1.6 million. As a Facebook board member, he earned more than $ 330,000, according to the new report.

Biden, long regarded as the poorest member of the Senate, shaped his political image in his upbringing in the middle class in Scranton, Pennsylvania.

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