Gillibrand urges refunds to small businesses

Kirsten Gillibrand

WASHINGTON — Nearly a million businesses are owed an employee retention credit for keeping their staff on payroll through the early days of the COVID-19 pandemic, and U.S. Sen. Kirsten Gillibrand is demanding the IRS pay up.

In a virtual press conference held Thursday, Gillibrand, D-N.Y., said the employee retention credit was approved by Congress in 2020 and offered a tax refund to a business that continued paying its employees despite being shut down for the COVID-19 pandemic or experienced a significant decrease in income starting March 13, 2020.

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