Power to tax is power to destroy: PPP deductibility must be fixed

The coronavirus pandemic has laid much of the American economy on its back — but a bright spot made the disaster less crippling than it might have been. That is the Paycheck Protection Program, which funneled money to workers through small businesses. More than five million small businesses took the PPP loans, representing 50 million jobs, Treasury Secretary Steven Mnuchin told Congress in June…

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