Here's why the depleted cruise line industry will be one of the biggest losers of the new 500 billion corporate bailout program

Get the Full StoryJorge Delgado Reuters

The 2 trillion stimulus package contained a substantial pot of money for bailouts of large corporations and businesses.

But the cruise line industry will be left out since the largest companies are incorporated offshore in a bid to avoid having their income taxed by the federal government.

Democrats are critical of aiding an industry that avoids federal taxes, but Trump has expressed a willingness to help them out.

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The coronavirus pandemic has effectively shut down the US economy over the last month, compelling the Trump administration to pass a 2 trillion stimulus package to rescue a collapsing economy.

The hefty package in addition to emergency federal aid for average people included a 500 billion corporate fund to bail out distressed companies and industries. Major airliners are set to receive around 60 billion of it, and other large businesses will fight for their share of the massive pot of money.See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:The Trump administration is reminding people they can sign up for Obamacare coverage if coronavirus cost them their jobs even as it fights to eliminate the lawHotels and airlines are just the beginning here's how the coronavirus recession could cause job losses across the US economyThe government's official scorekeeper just poured cold water all over the Trump administration's predictions of a rapid economic recovery from the coronavirus

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