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Congress Proposes Tax Breaks and ERC Limits
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Overview
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Congress proposes significant tax changes, including tax breaks and limits on the ERC, to be funded by modifications to the employee retention credit (ERC). These changes aim to enhance tax credits and prevent fraudulent ERC claims.
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How could these tax changes affect the overall economy and tax system?
How might the proposed tax breaks and ERC limits impact businesses and individuals?
What measures can be taken to prevent fraudulent ERC claims?
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