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Last Checked July 27, 2021

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Fri Nov 20 17:42:12 +0000 2020

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Senator John Cornyn @JohnCornyn

The new Treasury department revenue ruling on #PPP loans and grants from #CaresAct conflicts with overwhelming congressional intent. Rev. Rul. 2020-27 provides that the business expenses of a PPP loan recipient are not deductible even if the loan has not yet been forgiven. — PolitiTweet.org

Posted Nov. 20, 2020 Hibernated