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Weekly Advocacy Recap—ISSA Submits Congressional Testimony on Back to Work Tax Credit Act

June 19, 2020 Weekly Advocacy Recap—ISSA Submits Congressional Testimony on Back to Work Tax Credit Act

Welcome to the ISSA Advocacy Weekly Recap, our regular roundup of the latest public policy issues impacting the cleaning industry. This week’s recap touches on ISSA submitting congressional testimony on Clean Start: Back to Work Tax Credit Act, the Supreme Court blocking President Donald Trump from ending DACA, the Federal Reserve launching its Main Street Lending Program, and more.

ISSA Submits Congressional Testimony on Clean Start: Back to Work Tax Credit Act
ISSA submitted written testimony for the Subcommittee on Select Revenue Measures’ “Tax Relief to Support Workers and Families during the COVID-19 Recession” hearing Thursday. In the testimony, ISSA praised Representatives Darin LaHood (R-IL) and Stephanie Murphy (D-FL) for introducing H.R. 7079, the Clean Start: Back to Work Tax Credit Act, which would create a temporary US$25,000 tax credit per location capped at $250,000 per business entity. This commonsense, bipartisan bill would ensure that businesses can provide safe and sanitary environments for their employees and customers as they begin to reopen and get back to work.

Supreme Court Blocks Trump from Ending DACA
The U.S. Supreme Court ruled against the Trump administration’s plan to shut down the Deferred Action for Childhood Arrivals program, which has allowed nearly 800,000 young peopleto avoid deportation and remain in the U.S. “We conclude that the acting secretary did violate the [Administrative Procedure Act], and that the decision to rescind DACA “must be vacated,” Chief Justice John Roberts wrote.

Fed Launches Main Street Lending Program
The Federal Reserve launched its Main Street Lending Program, the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic. The program will offer up to US$600 billion in loans through participating financial institutions to U.S. businesses with up to 15,000 employees or with revenues up to US$5 billion.

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