Fort Worth Weekly
The Post is one of several 817 venues hoping to receive help from the feds soon.
Image courtesy of Facebook
Local venues will be receiving some much-needed financial assistance. With the passage of the $900 billion federal stimulus package, they will receive
$19 billion along with theatrical producers or live performing arts organization operators, museum operators, motion picture theater operators, and talent representatives. The disbursement could take weeks if not months. If the monies are unleashed around the time the
COVID-19 vaccines begin to work their magic, the parties could be epic.
Lola’s Trailer Park,
MASS,
The Post, and a handful of other 817 spots and promoters are in line to receive some of that phat, phat federal largesse. To qualify, a venue or promoter must have suffered at least a
Getty Images
The 2020 tax season now looks a lot less bleak for those business owners who used Payroll Protection Program (PPP) money to cover their expenses to keep going during the coronavirus pandemic. On Dec. 21, Congress clarified rules on the program’s tax ramifications, leaving thousands of small-business owners the winners.
The months-long battle between the legislators who wrote the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the IRS appears to be over. (To read about the fight and how it affected business owners, check out IRS Leaves Business Owners Who Took PPP in a Tax Quandary.) Both the House and Senate have voted to approve the “Consolidated Appropriations Act, 2021.” President Trump signed it into law about a week later, after wrangling over the amount of the stimulus payments.
Industry Reactions To Latest COVID-19 Relief Bill
Image: American Airlines
Late Monday night, the U.S. Senate, as predicted, passed a $900 billion, nearly 5,600-page emergency economic relief bill that’s expected to be signed by President Trump this week. In it, as we previously reported, is some $15 billion to extend the Payroll Protection Program (PPP) that was part of the first round of COVID-19 relief measures and helped keep U.S. airlines afloat during an unprecedented downturn in travel. The new bill also includes $2 billion for airport relief, with some $45 million targeted at general aviation airports. With this aid, which is expected to become available as early as next week, airlines are expected to slow their planned staff-reduction efforts and even begin bringing back some furloughed employees. Airlines and related industries received $25 billion in the spring under a program that expired on Sept. 30.
Day after pandemic relief: Explaining and complaining
Trump challenges Congress to boost direct aid. Pelosi replies, Let s do it!
U.S. Sens. Chris Murphy, left, and Richard Blumenthal talking to the press Tuesday outside the State Capitol.
Connecticut’s congressional delegation turned Tuesday to the business of dissecting, explaining and, yes, taking a little credit for the second-largest relief measure ever passed by Congress, a bipartisan $908 billion pandemic relief measure unexpectedly attacked by President Donald J. Trump.
The state’s two U.S. senators, Democrats Richard Blumenthal and Chris Murphy, drove back to Connecticut after a late-night session Monday to deliver a carefully calibrated celebration of the compromise bill and a withering critique of Senate Majority Leader Mitch McConnell, R-Ky., who refused to take up previous measures passed by the House Democratic majority.
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