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Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic.
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Congress is racing to wind down what is known as the employee retention tax credit. Lawmakers established the program during the coronavirus pandemic as an incentive for businesses to keep workers on the payroll
Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the pandemic.
What was expected to cost the federal government $55 billion has instead cost it nearly five times that amount as of July.
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