Erin Clark/The Boston Globe via Getty
Nearly 330 small business leaders signed a letter in support of
Biden s $1.9 trillion stimulus.
The package includes measures for small business, which has been decimated by the pandemic.
PPP loans saved at least 1 million jobs, but small business overall is two-thirds the size of early 2020.
Some small business leaders and owners are calling for Congress to pass the American Rescue Plan.
Small Business for America s Future a national coalition of business owners and leaders working to provide small businesses a voice at every level of government conducted a survey of their network on COVID-19 relief and recovery. Of the 1,241 respondents, 69% of small business owners support the American Rescue Plan, and over one-third said that, without additional relief, they ll be able to operate for just a few more months.
Nearly 330 Small-Business Leaders Call for $1.9 Trillion Stimulus Relief Package entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
Struggling Virginia businesses may now face another burden: paying taxes on PPP loans
By Sierra Fox
Virginia legislators weigh PPP loan tax deductions
Back in December, the federal government approved legislation to allow businesses to deduct the PPP loans from federal income taxes. Virginia does not agree with the federal government to fully deduct the PPP loans. The Commonwealth wants to tax businesses to gain state revenues.
FALLS CHURCH, Va. (FOX 5 DC) - Thousands of businesses in Virginia applied for PPP loans to keep them from having to lay off their employees.
Joe Huh, Alphagraphics co-owner, is upset he may get dinged for taking the money.
US equities fell from record highs on Tuesday as investors weighed elevated valuations against stimulus hopes. Stocks are poised to snap a six-day streak of
Main Street's Sentiment Splits Into 2021 As Small Businesses Await More Uncertainty benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.