{"content":[{"text":"and harming small businesses at a time when they are attempting to recover from the economic \n downturn.","bbox":{"left":0.117686,"top":0.043465,"width":0.746487,"height":0.037483999999999996}},{"text":"Coupled with the IRS ruling that covered costs are not deductible, many firms could be in a \n worse financial position than had they not taken the loan at all. The sum of the impact of the \n credit and the tax on the loan forgiveness could easily exceed 100% of the amount of loan \n forgiveness.","bbox":{"left":0.117686,"top":0.095586,"width":0.729072,"height":0.07267400000000002}},{"text":"In addition, firms that work for a mix of private and public sector clients would have a difficult \n time allocating the credit to certain costs, as they often work on a range of various projects. \n Accounting for a credit to government clients is almost unworkable and could end up offsetting \n more than the amount of the loan. For firms that work for state and local government clients, not \n federal agencies, tracking and assigning a PPP credit to only federally funded projects would be \n nearly impossible.","bbox":{"left":0.117686,"top":0.182896,"width":0.7627590000000001,"height":0.107207}},{"text":"Failing to address this issue would undercut an essential pillar of economic relief for this critical \n sector. Please work to clarify through legislation or regulatory intervention that forgiven PPP \n loans for small business government contractors should not be subject to the FAR credits clause.","bbox":{"left":0.117686,"top":0.30474,"width":0.757723,"height":0.05506}},{"text":"Thank you for your attention and consideration of this urgent issue.","bbox":{"left":0.117686,"top":0.374475,"width":0.5289020000000001,"height":0.020212000000000008}},{"text":"Sincerely,","bbox":{"left":0.411928,"top":0.409323,"width":0.07894099999999998,"height":0.020212000000000008}},{"text":"Linda Bauer Darr \n President & CEO","bbox":{"left":0.411928,"top":0.508742,"width":0.13821599999999995,"height":0.03748499999999999}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}