On February 25, Reps. Jason Smith (R-MO) and Henry Cuellar (D-TX) and Senator Steve Daines (R-MT) introduced the “Main Street Tax Certainty Act of 2021,”(H.R. 1381/S.480) a bill that would make the current 20 percent tax deduction available to passthrough entities permanent. PIA strongly supports this legislation and is working with a coalition of business …
Continue reading PIA Priority, Permanent Tax Relief for Passthrough Entities, Introduced
Along with a coalition of allies, PIA sent joint letters this week to Congress and the administration urging them to protect crop insurance from funding cuts in the Fiscal Year 2022 (FY22) budget and appropriations process. The letters were addressed to recently-confirmed Secretary of Agriculture Tom Vilsack and the leaders of the House and Senate Budget …
Continue reading PIA Asks Congress, Admin to Reject Efforts to Cut Crop Insurance
As we mentioned earlier this month, the December 2020 COVID relief package, formally known as the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, reanimated the then-dormant Paycheck Protection Program (PPP), originally created by the CARES Act nearly a year ago. Since its inception, the program has lent over $600 billion. The Economic Aid Act extends the …
Continue reading Resurgent Paycheck Protection Program Prompts Regulatory Action
David Scott was elected to the United States House of Representatives in 2002 to represent Georgia's Thirteenth Congressional District, which includes 6 counties around metro Atlanta: Cobb, Clayton, Douglas, Fayette, Fulton and Henry. Prior to joining the U.S. House of Representatives, Rep. Scott served in the Georgia state legislature beginning in 1974 and ran an …
The December 2020 COVID relief package was one of the final acts of the 116th Congress and, among other actions, it breathed new life into the Paycheck Protection Program (PPP), which was originally created by the CARES Act nearly a year ago. Ten months and countless federal regulations later, the PPP is back with a …
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