Corrections & Clarifications: This column has been updated to clarify that PPP loans are forgivable and clarifies the author’s views on the program’s usefulness to small businesses. This version also clarifies how IRS guidance may increase a company’s tax burden if it uses PPP funds for legitimate business expenses. Additionally, a previous version of this column misidentified the governing agency that made changes to Economic Injury Disaster Loans.
If your small business died in the last six months, blame Trump. If your small business is suffering, blame Trump. It wasn’t COVID-19.
President Donald Trump could have rescued American small businesses, but he didn’t. And this week, he could help save hundreds of thousands more if he took action, but he won’t.
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