As Congress hashes out the details of the next Covid rescue package, business groups demand that lawmakers allow them to write-off expenses covered by forgiven Paycheck Protection Program loans.
A $908 billion emergency relief framework unveiled by bipartisan lawmakers this week allots $288 billion toward PPP, and includes “restaurants, stages and deductibility.” "We ask that you bring that same spirit of urgency and cooperation before the end of this session to prevent an avoidable catastrophe for millions of small businesses that, without Congressional action, will face a surprising, and, in many cases, insurmountable tax bill next year," the trade associations wrote in a Dec. 3 letter to House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Mitch McConnell, R-Ky.
🙏🏻❤️Can someone help us please! I am a single father of 2. I just claimed my last available unemployment benefits this week. I'm hoping to find a new job or get stimulus to keep a place to stay past 12/31. If you can spare it anything helps 🙏🏻🙏🏻❤️please God we don't need a lot