Posted on Aug 8, 2020
Conservatives who got millions in pandemic aid spent millions to lobby Congress to cut...
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If the author of this article actually read the CARES Act He'd know he was spouting nonsense.
Employers act as the fiduciary agents. The Paycheck Protection Program (PPP) money goes 100% to the employees, with no rake off for the employer. If the employer fails to meet certain conditions, they (the employers) are on the hook 100% to pay back the loan. The benefit to the employer is that it preserves the possibility that they will come out of the pandemic with their work force intact
If there is something I don't understand, PLEASE... enlighten me.
Employers act as the fiduciary agents. The Paycheck Protection Program (PPP) money goes 100% to the employees, with no rake off for the employer. If the employer fails to meet certain conditions, they (the employers) are on the hook 100% to pay back the loan. The benefit to the employer is that it preserves the possibility that they will come out of the pandemic with their work force intact
If there is something I don't understand, PLEASE... enlighten me.
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