The power to tax is the power to destroy; PPP deductibility must be fixed now
THE CORONAVIRUS PANDEMIC has laid much of the American economy on its back—but a bright spot made the disaster less crippling than it might have been. That is the Paycheck Protection Program, which funneled money to workers through small businesses.
More than 5 million small businesses took the PPP loans, representing 50 million jobs, Treasury Secretary Steven Mnuchin told Congress ...