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House Republicans Take Aim at the Employee Retention Tax Credit

As many as 80 million taxpayers may never get to cash out this promised pandemic-era tax credit.

House Republicans just passed their version of President Donald Trump’s sweeping tax overhaul and spending cuts bill, but a controversial provision seeks to terminate the Employee Retention Tax Credit (ERTC) retroactively. The measure would jeopardize an estimated $50 million in refunds for small businesses and nonprofits nationwide.


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