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The Paycheck Protection Program (PPP) is a $953-billion business loan program in the U.S. to help certain entities pay their workers during the COVID-19 pandemic. The loan may be partially or fully forgiven if the entity maintains its employee counts and wages, and the program was implemented by the Small Business Administration.
ARPA is the acronym for the COVID-19 Stimulus Package or American Rescue Plan, a US$1.9 trillion economic relief bill passed by Congress and signed by President Biden in March 2021. The act provides direct payments, unemployment benefits, school aid, vaccine distribution, and other measures to combat the pandemic and recession.
The CARES Act is a $2.2 trillion economic relief package passed by the US Congress in March 2020 to address the economic fallout of the COVID-19 pandemic. It includes direct payments, unemployment benefits, loans, and aid to businesses and state and local governments.
Short-term loans provide temporary relief for payroll woes, and you can use the funds for anything related to your business. What is a payroll loan?
This suggested that similar policies in a second Trump term might result in minimal tax relief for the middle class while potentially increasing budget deficits.
CHICAGO (Reuters) -American Airlines is beginning the phased return of furloughed workers after the U.S. Congress passed a pandemic aid package with $15 billion in payroll support for airlines ...
ATRA was a US law that extended some tax cuts and delayed budget sequestration in 2013. It raised tax rates for upper income levels, reinstated limits on deductions, and made some tax credits permanent.
“The one possibility of avoiding these involuntary reductions on Oct. 1 is a clean extension” of the payroll relief, Parker and Isom said in their letter to employees.
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