URGENT ACTION ALERT: Block tax on PPP loans
Tell President Trump and Congress to enact legislation this year to protect construction jobs by blocking a surprise federal tax increase of up to 37 percent on Paycheck Protection Program (PPP) loan forgiveness.
If Congress fails to act by the end of the year, thousands of construction jobs funded through PPP loans could be in jeopardy because, rather than 100 percent of PPP funds going to payroll, rent, utility payments, and mortgage interest, up to 37 percent will go to the IRS instead.
Click this Take Action link — https://advocacy.agc.org/ppp_deductibility — and simply submit the pre-written message as is to President Trump and your members of Congress or customize it with personal information on how this issue impacts you and your employer.