ACTION CALL: Urge Politicians to Make PPP Loans Deductible to Support Small Businesses
The Paycheck Protection Program Flexibility Act of 2020, or PPP, was passed in order to provide small businesses across the United States crucial relief during widespread government shutdowns due to the COVID-19 pandemic. These loans can be forgivable when proceeds are used for payroll, rent, mortgage interest and utilities. Congressional leaders intended for PPP funded expenses to be deductible like other business expenses.
Despite the intent of Congressional leaders, additional legislation is needed to make PPP funds used to pay business expenses deductible. The failure to allow these deductions will have a devastating impact on small businesses struggling to keep their doors open and retain their employees.
Are you a small business owner who thought salary and expenses paid by PPP loans would be deductible? Do you rely on a small business to provide for your livelihood? Are you someone who supports the small business community and wants to see small businesses make it through this pandemic?
We suspect most of you answered yes to one or more of these questions. Accordingly, please contact your Congressional leaders and ask them to sponsor and strongly advocate for legislation that makes salary and other business expenses paid for by a PPP loan deductible!
Fill out the form below to find your representatives and contact them on this important issue.
Please translate this page to the language of your choice.
Take Action Now!
SBAC Action Calls
Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts Illinois has failed many Black and African American owned small businesses because they have been unable to procure their fair share of state contracts or receive a fair share of the revenue associated with state contracts. Indeed, the failure of Black…
REGISTER Rebuilding Starts Now – Register Today! Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva UPS Daily Herald Tandem HR Interprenet Signature Bank Lexitas Empower Korey Richardson Open One Solutions Freeborn and Peters
Legislation To Get People Back To Work State Representative Gong-Gershowitz has filed the RISE Act. This legislation will get people back to work and support small businesses. The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.…
Hard-working Americans had no idea what was coming in February of 2020. It seemed unfathomable that many small businesses would face the possibility of permanently closing or their employees would be without jobs in the spring. With the resurgence of Covid-19 cases, the situation for both small businesses and their employees has become even…