Romney, Tillis, Manchin Introduce Bipartisan Legislation to Repeal COVID-Era Tax Credit Riddled with Fraud
September 18, 2024
September 18, 2024
WASHINGTON, Sept. 18 -- Sen. Mitt Romney, R-Utah, issued the following news release:
Senators Mitt Romney (R-UT), Thom Tillis (R-NC), and Joe Manchin (I-WV) today introduced the Employee Retention Tax Credit Repeal Act, bipartisan legislation that would disallow the processing of Employee Retention Tax Credit (ERTC) claims filed after January 31, 2024, and increase penalties on fraud. The ERTC has been highly susceptible to fraudulent schemes--costing taxpayers nearly 200% more tha . . .
Senators Mitt Romney (R-UT), Thom Tillis (R-NC), and Joe Manchin (I-WV) today introduced the Employee Retention Tax Credit Repeal Act, bipartisan legislation that would disallow the processing of Employee Retention Tax Credit (ERTC) claims filed after January 31, 2024, and increase penalties on fraud. The ERTC has been highly susceptible to fraudulent schemes--costing taxpayers nearly 200% more tha . . .