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MSgt Steve Sweeney
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Edited 4 y ago
Apparently Maj Bell didn't read the CARES act or understand the Paycheck Protection Program himself or he wouldn't make such an easily disprovable claim that "Paycheck Protection Program (PPP) money goes 100% to the employees". The government's own website says:

"The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 60% of the forgiven amount must have been used for payroll)."

I would tell him myself, but he doesn't like people pointing out when he is wrong, so he blocked me.... but he will tell you it s because I refused to answer his question, as if he is entitled to make that demand.

You may also want to ask him who makes the determination if employers met "certain conditions" or not.
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1SG Signal Support Systems Specialist
1SG (Join to see)
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I was hoping he would do more research.
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Maj John Bell
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Edited 4 y ago
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.
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