WASHINGTON D.C. – Congresswoman Carol Miller (R-WV) joined with Congressman Andy Levin (D-MI) to lead a bipartisan group of 66 of their colleagues in sending a letter to the Commissioner of the Internal Revenue Service (IRS), Charles P. Rettig, highlighting the urgent need to deliver Employee Retention Tax Credit (ERTC) payments to Americans across the country.
The ERTC was designed to help small businesses rehire and retain employees they had to let go due to the COVID-19 pandemic. Sadly, many small business owners nationwide are reporting wait times of eight to ten months to receive payments.
“The Employee Retention Tax Credit was designed to help America’s small businesses and nonprofits weather the economic storm of COVID-19,” said Congresswoman Miller. “It’s ridiculous that many of them are still waiting on refund credits. The IRS needs to take immediate action to get small businesses and nonprofits the relief they have been counting on for over a year. No business or organization should be punished because the IRS can’t do its job efficiently.”
“As a former small business owner, I understand many small business people’s frustrations during this period of economic instability. Many are hurting due to no fault of their own as a result of the pandemic, rising inflation and other factors,” said Congressman Levin. “In a time when divisiveness and disagreement often keeps us apart, one thing I believe we can all come together on is how small business owners and their employees make up the fabric of our communities, and how vital it is that they receive aid urgently. I’m grateful to my colleague Congresswoman Miller for her incredible work on this effort.”
The letter reads in part, “The ERTC was designed to help businesses and nonprofits facing revenue reductions due to the economic uncertainty caused by the COVID-19 pandemic. While the pandemic may be waning and businesses and nonprofits are starting to see growing demand, the economic challenges of the last two years remain. In addition, small businesses are facing rising costs for goods and services creating an additional economic urgency to receive their tax credit. The IRS must do all it can to ensure that ERTC claims are processed as quickly as possible, and those payments are sent out immediately.”
Click here to read the full text of the letter.
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Original source can be found here.
