Is Gov. Daniel J. McKee’s plan to tax forgiven Paycheck Protection Program loans greater than $150,000 fair to affected businesses?

GOV. DANIEL J. MCKEE has proposed taxing forgiven Paycheck Protection Program loans greater than $150,000. / AP FILE PHOTO/STEVEN SENNE
In a shift from previously announced policy before he became governor, Gov. Daniel J. McKee has proposed taxing forgiven Paycheck Protection Program loans greater than $150,000. The governor’s office says the change would generate an estimated $67.7 million in revenue for the state, over two fiscal years. McKee spokesman Matt Sheaff told PBN the proposal…
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