WASHINGTON – U.S. Senators Kevin Cramer (R-ND), Maggie Hassan (D-NH), Jerry Moran (R-KS), and Catherine Cortez Masto (D-NV) led a bipartisan letter to Senate leaders urging them to help businesses hit with major revenue losses because of the pandemic retain employees by improving access to the Employee Retention Tax Credit (ERTC).
“Through a narrow expansion of the ERTC tailored to the hardest-hit businesses with major revenue losses, Congress can provide urgently needed assistance that would help these employers keep workers on payroll through the economic recovery from COVID-19,” wrote the senators. “This rule significantly limits the support that the ERTC can provide the hardest-hit businesses, such as those in the live entertainment and performing arts industries. Moreover, due to the size of their workforces and scope of their operations, many businesses in these industries have been unable to access other forms of federal economic assistance during COVID-19.”
Last week, Senator Cramer introduced the Hospitality and Commerce Job Recovery Act, bipartisan legislation to expand the ERTC.
Senators Cramer, Hassan, Moran, and Cortez Masto are joined by Senators Kyrsten Sinema (D-AZ), Raphael Warnock (D-GA), Mark Warner (D-VA), Jacky Rosen (D-NV), and Mark Kelly (D-AZ).