Ticker: Congress aims to wind down a COVID-era program awash in fraud and expand the child tax credit

Ticker: Congress aims to wind down a COVID-era program awash in fraud and expand the child tax credit

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Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic, known as the employee retention tax credit. What was expected to cost the federal government $55 billion has instead cost it nearly five times that amount as of…

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