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MIXED SIGNALS: Gov. Daniel J. McKee has earned a reputation as an advocate for small businesses but has angered many of them with a budget proposal to tax Paycheck Protection Program loans over $150,000. The plan would generate about $67.7 million in general revenue over two fiscal years. / AP PHOTO/STEVEN SENNE

Proposed PPP tax ignores ongoing pandemic threat

Rhode Island’s leading small-business advocate as lieutenant governor has sent mixed signals to that constituency since taking over as governor last month. On April 12,...
RHODE ISLAND HOUSE DEMOCRATS have Rhode Island House of Representatives have elected a new leadership team. / PBN FILE PHOTO BY NICOLE DOTZENROD.

PPP taxation proposal draws pushback in Senate hearing

PROVIDENCE – Rhode Island’s business community let their voices be heard in the R.I. Senate on Thursday in opposition to taxation of Paycheck Protection...

SBA: $900M in PPP loans for nearly 13K R.I. recipients

PROVIDENCE – Demand for forgivable payroll loans among Rhode Island businesses continued to slow, with half the amount of funds approved for new applicants...

M&G Trucking: PPP tax ‘could be devastating for us’

PROVIDENCE – Melody Majkut went from a feeling of relief when her business received a federal Paycheck Protection Program loan to shock after she...

Is Gov. Daniel J. McKee’s plan to tax forgiven Paycheck Protection...

In a shift from previously announced policy before he became governor, Gov. Daniel J. McKee has proposed taxing forgiven Paycheck Protection Program loans greater...

Amid 2 month extension, R.I. sees slowdown in new PPP approvals

PROVIDENCE – The pace of new applications to the U.S. Small Business Administration's Paycheck Protection Program since a two-month extension to the second round...

McKee committed to PPP taxation over $150K

PROVIDENCE – Gov. Daniel J. McKee's proposal to tax forgiven Paycheck Protection Program loans greater than $150,000 would generate an estimated $67.7 million in revenue...

Businesses frustrated by potential PPP taxation

PROVIDENCE - Members of the Rhode Island business community are up in arms over a state budget proposal in the House from Gov. Daniel...

Latest PPP update shows steady demand, but smaller funding amounts, for...

PROVIDENCE – Another 1,000 Rhode Island small businesses secured forgivable payroll loans in the last week, suggesting steady demand for the Paycheck Protection Program,...

NFIB survey shows increasing optimism among small businesses

PROVIDENCE – A new survey from the National Federation of Independent Business found that 13% of small-business owners said they will have to close...

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