NAMA releases statement on Employee Retention Tax Credit peer letter
Source NAMA
The National Automatic Merchandising Association's president and chief executive, Carla Balakgie, today commented on a letter sent by nearly 20 members of Congress urging congressional leadership to secure the Employee Retention Tax Credit (ERTC) in the fourth quarter.
“NAMA appreciates the elevation of the serious impact caused by eliminating access to the ERTC. If Congress fails to act, there are devastating and immediate consequences for small businesses and the people they employ – $196 million for the convenience services industry alone," Balakgie said.
"We commend these congressional leaders for pushing to shore up fourth-quarter ERTC access at a time when it could determine a company’s ability to make it through the year and keep American workers on the payroll,” the NAMA chief added.
NAMA is the founding member of a coalition of 20 small business organizations actively urging Congress to include the last quarter of the ERTC in the $3.5 trillion budget reconciliation budget.
