Senate Democrats denounce $195B tax break slipped into coronavirus relief package

Two Senate Democrats are criticizing a little-known provision of the CARES Act stimulus package that would provide a tax break mostly to wealthy taxpayers, suspending excess business losses for prior tax years.

Original Article Posted at : https://www.accountingtoday.com/news/senate-democrats-denounce-195b-tax-break-slipped-into-coronavirus-relief-package