A COVID-era program is awash in fraud. Congress aims to wind it down and expand the child tax credit
Lawmakers across the political spectrum say it's time to close the program.
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Lawmakers across the political spectrum say it's 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 it's 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