Senate Bill Would Make Expenses Paid With PPP Loans Deductible

Bipartisan group of senators introduce measure to clarify SBA’s Paycheck Protection Program so small businesses can deduct expenses paid with a forgiven PPP loan from their taxes.

• Measure offered by Senate Finance Cmte Chairman Chuck Grassley, Small Business Cmte Chairman Marco Rubio and fellow Republican John Cornyn, along with Democrats Ron Wyden and Tom Carper

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Laura Curtis in Washington at lcurtis7@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Greg Sullivan, Laura Curtis

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