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Congressman Jim Hagedorn

@RepHagedorn ↗

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Last Checked April 13, 2021

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Fri Feb 26 17:19:11 +0000 2021

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Congressman Jim Hagedorn @RepHagedorn

The #CARESAct allowed for farmers and ranchers to apply for PPP loans by utilizing net income in their loan calculations. Unfortunately, this prevents many agricultural partnerships from receiving the maximum #PPPloan possible. — PolitiTweet.org

Posted Feb. 26, 2021

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Congressman Jim Hagedorn @RepHagedorn

THREAD: Today, I introduced the bipartisan 𝒫𝒫𝒫 πΉπ“π‘’π“π’Ύπ’·π’Ύπ“π’Ύπ“‰π“Ž π’»π‘œπ“‡ πΉπ’Άπ“‡π“‚π‘’π“‡π“ˆ 𝒢𝓃𝒹 π‘…π’Άπ“ƒπ’Έπ’½π‘’π“‡π“ˆ π’œπ’Έπ“‰, which allows farmers and ranchers categorized as partnerships to utilize gross income when calculating maximum #PaycheckProtectionProgram loan amounts. https://t.co/lsUlym1fy8 — PolitiTweet.org

Posted Feb. 26, 2021

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Congressman Jim Hagedorn @RepHagedorn

My bill provides enhanced flexibility by allowing the use of gross income to calculate maximum loan amount. The bill includes a retroactive provision to enable producers, who initially used net income, to recalculate their #PPPloans, so long as the loans haven't been forgiven. — PolitiTweet.org

Posted Feb. 26, 2021

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