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Business advocates implore lawmakers to forgive PPP loans | Vermont Business Magazine

Members of the Vermont Legislature,  We, the undersigned organizations, representing cumulatively more than 9,500 employers with more than 200,000 employees implore you to conform with the federal treatment of forgiven Paycheck Protection Program (PPP) loans in the tax year 2021, just as you did in tax year 2020. This is important for the following reasons: Taxing PPP loans would negate the purpose of the program. When PPP was first created under the CARES Act, the legislative intention was that these loans would be non-taxable. Congress saw this as so important to the program’s desired impact that they took the extraordinary step of reaffirming this in the subsequent Consolidated Appropriations Act.

Letter: Focus on recovery

To the editor: Open Letter to Governor Phil Scott and the Vermont Legislature: We appreciate the challenge of governing during a global pandemic. Instead of meeting with colleagues and constituents, we now rely on video chat, texts, emails, and phone calls. We are in an extraordinary time, where safety requires us to maintain physical distance from one another. We believe government is essential and applaud the efforts to adapt. We cannot allow this virus to grind the gears of government to a halt. Even so, this is not the time for business as usual, especially for the Vermonters we represent. Although state leaders have strived to keep engagement up between the citizens, committees and the Administration, the 2020 session provided many examples showing major challenges to gathering necessary data and testimony to craft quality policies. The organizations listed below represent hundreds of thousands of working Vermonters. We ask that our elected leaders of all political parties fo

Open letter to Governor Phil Scott and the Vermont Legislature

Mon, 12/28/2020 - 1:10pm tim Vermont Business Magazine We appreciate the challenge of governing during a global pandemic. Instead of meeting with colleagues and constituents, we now rely on video chat, texts, emails, and phone calls. We are in an extraordinary time, where safety requires us to maintain physical distance from one another. We believe government is essential and applaud the efforts to adapt. We cannot allow this virus to grind the gears of government to a halt. Even so, this is not the time for business as usual, especially for the Vermonters we represent. Although state leaders have strived to keep engagement up between the citizens, committees and the Administration, the 2020 session provided many examples showing major challenges to gathering necessary data and testimony to craft quality policies. The organizations listed below represent hundreds of thousands of working Vermonters. We ask that our elected leaders of all political parties focus on the most immed

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