Fact check: Were Tom Brady and Reese Witherspoon linked with Joe Biden’s $1.9 trillion plan?
Tom Brady and Reese Witherspoon were some of the big-time names given relief for their PPP (Paycheck Protection Program) loans. President Joe Biden signed the American Rescue Plan Act, a $1.9 trillion coronavirus rescue package, in 2021. However, the PPP program was started by former President Donald Trump in 2020.
It was created to help ease America's recovery from the fiscal and health effects of the COVID-19 pandemic. One aspect of the PPP program was to aid small businesses impacted by the economic slowdown linked to the pandemic.
It was there for these businesses to pay the wages of their employees and any other expenditures. Many businesses used the program, including Brady and Witherspoon.
TB12 Inc, Tom Brady's company, was given $960,855 in PPP loans to help protect 80 jobs. The full total, plus interest of nearly $12K, was fully forgiven. As for Witherspoon, Draper James LLC, her clothing company, was given $975,472 in the first PPP round for payroll and rent and had the loan forgiven.
The seven-time Super Bowl-winning quarterback had a net worth of $200 million when given the PPP loan. It was also reported that the recently retired signal-caller had used the money to buy a boat, which turned out to be false.
Where did the Tom Brady dating Reese Witherspoon rumors come from?
The former New England Patriots and Tampa Bay Buccaneers star has been connected to the Oscar-winning actress. However, it is all but a rumor at this point since said rumors came from a report from well-known celebrity blogger Perez Hilton.
Brady divorced his wife of 13 years, supermodel Gisele Bundchen, last October as Witherspoon finalized her divorce last month. There were previous reports that Tom Brady had a superfan in Slovenian supermodel Veronika Rajek.