Tag Archives: PPP

Several contestants from “The Bachelor” and “The Bachelorette” were asked this past week to explain to their fans why they applied for government loans during the COVID-19 pandemic. The Bachelor subreddit was abuzz after posts drew attention to public records that showed that several contestants had applied to the government’s Paycheck Protection Program. Some were able to receive loans in excess of $20,000. As the numbers circulated on Reddit and later in Vulture, fans questioned… Source link

Bloomberg Biden’s Likely Tax Wins Are Personal-Rate Hikes, Audits of Rich (Bloomberg) — Democrats will likely prove successful in raising individual income tax rates and in strengthening audits of wealthy Americans as they work on overhauling the U.S. tax code in coming months.That’s a key takeaway from a survey of 15 current and former White House and congressional aides specializing in tax policy completed by Bloomberg this month. A tax on unrealized capital gains, as envisioned by… Source link

The Week Biden tweaks PPP loan rules to prioritize smallest businesses The Biden administration is stepping in after Paycheck Protection Program loans went to some not-so-small businesses the first time around. Compared to the first round issued last year, the latest round of pandemic relief loans have gone to far more very small businesses, businesses in rural areas, and minority-owned businesses. But the Biden administration is still implementing reforms to ensure the loans keep going to… Source link

The Tampa Bay Buccaneers quarterback Tom Brady found a way to pick up an extra $1 million in 2020. TB12 Inc., Brady’s company, received a Paycheck Protection Program (PPP) loan of nearly $1 million from the federal government. Data published by the Small Business Administration in December revealed TB12 Inc. received a loan of $960,855 in 2020. News Brady’s company received a PPP loan broke in July, but the exact amount the company received was not known until December. Prior to the Small… Source link