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Less than two weeks after launch, the Trump administration’s Paycheck Protection Program (PPP) for small businesses slammed by coronavirus has run out of funds.
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
The program provides interest-free loans up to $75,000 for New York City businesses with fewer than 100 employees "that can demonstrate at least a 25% decrease in revenue as a result" of ...
The IRS has delayed processing of properly submitted ERTC claims, leaving small businesses in the dark and owed over $100 billion, while the Biden administration has not addressed the wider issue ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]