Opinion : vimarsana.com

Opinion : vimarsana.com

Opinion


OPINION
The Daily Reporter
By Curt MacRae
As Congress wrestles over whether sending you $1,400 will add too much to our national debt, maybe they should take another look at the Paycheck Protection Program (PPP), which was rolled out as part of the CARES Act in early-2020.
PPP was created to help struggling small businesses impacted by coronavirus slowdowns and shutdowns. To qualify for the taxpayer-funded relief, businesses were required to self-certify, in good-faith, that current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.
Applicants also checked a box on their PPP applications, ensuring that the loan will be used to retain workers, maintain payroll, and meet other operating expenses. After documenting that compliance has been met, the loan will be forgiven.

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