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The Paycheck Protection Program (PPP) created under the Coronavirus Aid, Relief and Economic Security (CARES) Act has been exceedingly successful in making funds available to businesses (see most recent SBA report), but it also has been poorly administrated with a constant flow of “partial” guidance. The frequent updates and changes to the program’s rules have […]
Even as borrowers of the Paycheck Protection Program (PPP) loans begin the process of applying for loan forgiveness, and though they still await final regulations and guidance, members of the House of Representatives have introduced legislation to modify the program as originally enacted on March 27, 2020. The full House is expected to vote next […]
President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, after the bill was approved by voice-vote by the House of Representatives earlier that day. That vote followed unanimous approval by the Senate on March 25, 2020. The 880-page, $2 trillion Act includes provisions designed to provide economic stimulus […]
As reported in a previous post, the House Ways and Means Committee released three tax bills, referred to as “Tax Reform 2.0,” in late August. All three bills were approved by the House at the end of September. The passage of these bills is the next step toward making additional substantial changes to the already […]
On February 9, 2018, President Trump signed the Bipartisan Budget Act (H.R. 1892). The bill’s passage came after a short government shutdown had taken place on Thursday evening and into Friday morning. Unfortunately, the budget sets another short-term date (March 23), through which the government will continue to operate, leaving the potential, again, for yet […]
After a grueling legislative process, the House and Senate passed the tax measure into law earlier this week and it has now been officially signed by President Trump. For more information, read our latest Tax Alert which covers the details of the plan. If you have questions or comments, please contact Bob Grossman or Don […]
The Senate Finance Committee in Congress held a recent hearing at the 215 Dirksen Senate Office Building titled: “Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement Savings Plans.” Appearing as witnesses at the hearing were: Dr. Alicia Munnell Peter F. Drucker Professor of Management Science, Director Boston College Carroll School of […]
