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Restaurants & other small businesses with forgiven PPP loans shouldn't have to bear tax liability for them. @JohnCornyn and I included a measure in yesterday’s deal clarifying that small businesses can deduct expenses paid with a forgiven PPP loan from their taxes.
I introduced this bill in May because the IRS treating forgivable PPP loans as taxable income was never the intention of the CARES Act - it was meant to throw small businesses a lifeline, not a liability.https://twitter.com/senatorbraun/status/1256598643840299009?s=21 …
Generous considering most are now Out of Business. Now explain, Why did you supp the bill sending Billions to foreign countries?
You really won't be satisfied until you've made life as difficult as possible for your constituents, will you?
Thank you!!!
@SenatorBraun can’t even say President Elect Biden without taking a big “gulp” on National television. He’s a joke.
Wow. So generous. You slightly reduced the bitterness of paying taxes on lost businesses.
I am appalled that you voted for this bill under the disguise of Covid relief. It’s a slap in the face.
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