The Most Ridiculous Tax Break In the New Covid Stimulus Package
Business owners received a HUGE windfall in the new stimulus package. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Keep Hope (and TYT) Alive: http://tyt.com/go
Read More: https://www.bloomberg.com/news/articles/2020-12-21/businesses-get-100-billion-tax-write-off-windfall-in-aid-bill
"Small business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.”
The Covid-19 relief package set for a vote in Congress would clarify that business owners can deduct expenses paid for with PPP loans, which can be forgiven by the government without incurring a tax. The deduction benefit could generate more than $100 billion in tax savings for business owners, according to Brookings Institution estimates."*
Hosts: Ana Kasparian, Cenk Uygur
Cast: Ana Kasparian, Cenk Uygur
***
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201221__TA03_Double_Dipping
Видео The Most Ridiculous Tax Break In the New Covid Stimulus Package канала The Young Turks
Read More: https://www.bloomberg.com/news/articles/2020-12-21/businesses-get-100-billion-tax-write-off-windfall-in-aid-bill
"Small business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.”
The Covid-19 relief package set for a vote in Congress would clarify that business owners can deduct expenses paid for with PPP loans, which can be forgiven by the government without incurring a tax. The deduction benefit could generate more than $100 billion in tax savings for business owners, according to Brookings Institution estimates."*
Hosts: Ana Kasparian, Cenk Uygur
Cast: Ana Kasparian, Cenk Uygur
***
The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.
Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join
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201221__TA03_Double_Dipping
Видео The Most Ridiculous Tax Break In the New Covid Stimulus Package канала The Young Turks
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