Statement released by the International Franchise Association (IFA) regarding H.R. 6201, the Families First Coronavirus Relief Act and next steps for Congress.
Request to improve the House-passed bill containing important provisions that benefit small businesses and employees. Specifically, Division C, “The Emergency Family and Medical Leave Act,” and Division E, “The Emergency Paid Sick Leave Act.”
While H.R. 6201 includes a 100% retroactive tax credit, the construction of the paid leave mandate and refundable tax credit leaves small businesses with a significant and immediate cash flow crisis for the next six to eight critical weeks.
International Franchise Association
1900 K Street, NW, Suite 700
Washington, DC 20006
www.franchise.org
Contact Us - info@franchise.org