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As structured now, businesses can claim refundable tax credits for 70% of eligible wages and health insurance costs for up to $10,000 per employee each quarter. Employers now qualify through June if government public health orders fully or partially restrict their business, or if during a quarter they take in less than 80% of the revenue they saw during the same period in 2019. The senators wrote that they want to change the tax credit policy to scrap a provision that allows companies with more than 500 employees to claim the credit only for compensation provided to furloughed employees who are paid but not working. They instead want companies that lost at least 85% of revenue to be able to use the credit for all employees regardless of their status.

Catherine cortez mastoJacky rosenMaggie hassanKrysten sinemaJoe bidenMitch mcconnellRaphael warnockMark warnerJerry moranMark kellyKevin cramerBernie sandersSenate majority leader chuck schumerPaycheck protection programMinority leader mitch mcconnellStages act