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In this time of uncertainty and economic turmoil, the Paycheck Protection Program (PPP) has been a lifeline to CLDA members and to other small businesses trying to do right by their workers and keep their dreams and companies afloat. Out of our deep concern for the continued integrity of the PPP brought on by post-hoc changes to the loan forgiveness and tax deductibility rules of the program, the CLDA government affairs team reached out to 15 other concerned associations representing logistics and transportation, manufacturing, retail, agriculture, franchisees, and small businesses from many other segments of the economy. Listed here are our partners in this effort:
Association of Fund-Raising Distributors & Suppliers
Air Forwarders Association
Builders Hardware Manufacturers Association
Coalition of Franchisee Associations
Express Carriers Association
Franchise Business Services
International Association of Movers
International Door Association
National Franchisee Association
National Federation of Independent Business
National Pecan Shellers Association
Roof Coatings Manufacturers Association
Society of Maintenance & Reliability Professionals
Window Covering Manufacturers Association
As a group, we came out in support of S. 3612 – the Small Business Expense Protection Act of 2020. This bill introduced by Senator John Cornyn (R-TX) and having bipartisan support seeks to clarify for purposes of the Internal Revenue Code of 1986 that receipt of coronavirus assistance does not affect the tax treatment of ordinary business expenses.
Further, we believe a serious, apolitical, and bipartisan effort to replenish the PPP’s funding and repair existing issues within the program must be made. We are hoping to continue to work together and work with other like-minded associations to ensure that the PPP remains a viable and robust lifeline for CLDA members and all small businesses.