The proposal is part of Phase Three of federal coronavirus relief funding, according to the Senate Finance Committee website.
Senate Finance Committee Chairman Chuck Grassley, R-Iowa, along with Senate Majority Whip John Thune, R-S.D., among other top Senate Republicans, released tax policy recommendations Wednesday for the “Phase 3” congressional response to the economic impact of the coronavirus.
“Preventing the spread of the coronavirus will take a financial toll on individuals, families and businesses,” said Grassley. “These recommendations would blunt the impact for most Americans and limit the damage to the U.S. economy. We can contain this deadly virus without destroying livelihoods or the nation’s economy. These recommendations take bold steps to curb the economic fallout as we work as a country to contain this pandemic. These recommendations won’t be the end of