Question
According to the following topic and paragraph. Analysis, not just description. Extend the content. You should have at least one primary source in this paper,
According to the following topic and paragraph. Analysis, not just description. Extend the content. You should have at least one primary source in this paper, which is the statute, regulation, or pending legislation from its original source (i.e., the U.S. Code, Federal Regulations, etc.).You should have at least two other sources, whether primary or secondary. Thanks:)
The impasse relates to the paycheck protection program in which the employer had written an offer to the employee whin had been earlier laid off following the onset of the covid-19 pandemic. Where the employer has offered to rehire and pay the employee the original paycheck amount, the act has not sufficiently addressed what should happen in such a case as to. whether the employer will have his loan forgiveness amount reduced since the premise upon which the act was crafted was to offer job security to the employees amid the ravaging covid-19 pandemic.
The CARES Act mean(Covid Aid Relief and Economic Security Act) was intentionally established to cushion the employees and employers of the adverse effects of a covid-19 pandemic. It is under this understanding that small businesses sought the treatment of the loan forgiveness credit allowed to employers who refused to return to work despite the employer having exhausted all available means to have the employee return to work. The treasury is yet to respond to the treatment that will be applicable with regards to the PPP loan program. If the loan forgiveness amount shall not be pegged on the number of operational employees, the employers will highly benefit from increased liquidity.
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