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Posted on 11/18/20 at 3:28 pm to TDFreak
quote:
About 300 companies that received as much as half a billion dollars
Of course they did.
If they did not spend the money as required to get it fully forgiven (payroll & taxes) they would have been expected to pay it back.
Posted on 11/18/20 at 6:37 pm to cgrand
quote:
PPP for 8 weeks was just flushing money down the commode
It helped my small business
With things so slow & customers not paying on time every little bit helps
Posted on 11/19/20 at 8:40 am to xxTIMMYxx
AND the MIDDLE CLASS
Posted on 11/19/20 at 9:00 am to PUB
Im going to say that most of these companies had no idea we would still be in lockdown.
It's a shame b/c for the most part the govt was doing the right thing.
It's a shame b/c for the most part the govt was doing the right thing.
Posted on 11/19/20 at 9:01 am to TDFreak
I just read the IRS issued a revenue ruling overriding the Cares Act language that the PPP loans would be exempt from taxation. Could get interesting if Congress doesn't statutorily override that.
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