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Senators call to expand Covid aid plan designed to keep employees on the payroll

February 26, 2021

Via: CNBC
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A bipartisan group of senators is urging Senate leaders to expand a key economic relief provision when the chamber takes up the $1.9 trillion coronavirus rescue package next week.

Nine lawmakers wrote Friday to Senate Majority Leader Chuck Schumer, D-N.Y., and Minority Leader Mitch McConnell, R-Ky., pushing them to boost the employee retention tax credit in the bill working its way through Congress. The policy, first implemented as part of the CARES Act last spring, aims to encourage companies to keep workers on the payroll while the pandemic damages the economy.

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