Momentum Swells for Job Retention Credit as Relief Talks Stall

There is widespread, bipartisan agreement that it is crucial to expand a tax credit to help businesses avoid layoffs, but the effort is stalled until a consensus is reached on another relief package

A massive loan program enacted in the CARES Act (Public Law 116-136) recently expired, but the growing number of virus cases across the country heightens the risk that many businesses may permanently shutter. The employee retention tax credit is remains a key form of pandemic relief for businesses.

A narrow relief package that Republicans released this week doesn’t include references to the credit, and ...