Opinion | How to Fix the Paycheck Protection Program

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With out dispute, the Paycheck Safety Program has helped some struggling companies keep afloat. Up to now it has supplied $511 billion in forgivable loans (primarily federal grants) to tens of millions of distressed companies and organizations. However as a result of the appliance didn’t require an efficient demonstration of want, there’s additionally little doubt {that a} important variety of companies that weren’t in peril of going underneath additionally acquired these grants.

Though the financial devastation from Covid-19 is surprising, many companies…

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