Page 3 - Larry Gray News Today

MARYVILLE, Mo. — In the late 1950s, Larry Gray started attending Central High School in Kansas City and eventually needed a little extra help with the biology course he was

Biggest home advantage & many, many SPORTS! + Woodbines Kylie Neligh, Turn Left Thursday & Heartland Christian boys basketballs Larry Gray.

Congress wants to end a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic. What was expected to cost the federal government $55 billion has instead cost it nearly five times that amount as of July.

A whistleblower has estimated that a staggering 95% of claims for a COVID-era tax break program for businesses are fraudulent. As a result, lawmakers are urgently working to wind down the program to minimize losses. The programs cost has ballooned to nearly five times the expected amount, prompting bipartisan agreement that it must be closed down. Lawmakers are proposing more rigorous oversight and penalties to mitigate fraud, aiming to use the savings to fund other business tax breaks and a mor...

A whistleblower has estimated that a staggering 95% of claims for a COVID-era tax break program for businesses are fraudulent. As a result, lawmakers are urgently working to wind down the program to minimize losses. The programs cost has ballooned to nearly five times the expected amount, prompting bipartisan agreement that it must be closed down. Lawmakers are proposing more rigorous oversight and penalties to mitigate fraud, aiming to use the savings to fund other business tax breaks and a mor...

Lawmakers across the political spectrum say its time to close the program.

Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic. What was expected to cost the federal

WASHINGTON -- Congress established the employee retention tax credit during the coronavirus pandemic as an incentive for businesses to keep workers on the payroll, but now lawmakers across the political spectrum agree its time to close down the program.

What was expected to cost the federal government $55 billion has instead ballooned to nearly five times that amount.

Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic