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Tuesday, December 22, 2020

CARES ACT COVID MODIFICATIONS - IMPORTANT UPDATE

 I posted on the pending modifications in an earlier posting this evening.

However, a few minutes ago President Trump issued a video statement effectively threatening to veto the entire bill unless Congress rewrites it to eliminate much of the non-COVID related spending that is included in it and increasing relief to taxpayers and businesses. So the favorable tax treatment described in my earlier posting may be in limbo for now.

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