• Recovery Coalition

Press Release: TRC Calls on Congress to Act on GBCs

Updated: Dec 8, 2021

July 23, 2020

Published by: The Recovery Coalition

WASHINGTON, D.C. – Today, in a letter sent to Congressional leaders, Brian Johnson, Executive Director of The Recovery Coalition, called on Congress to pass tax legislation recently introduced by Senator John Cornyn (R-TX) and Representative Jodey Arrington (R-TX19) that would allow businesses to immediately monetize their unclaimed General Business Credits (GBCs).

This cash liquidity injection would inject over $100 billion into the U.S. economy, helping employers get back on track by freeing-up dollars to hire (or hire-back) workers, resume their capital investments, expansions, and other spending to pre-COVID-19 levels, and invest in programs to help their employees and customers.

Read press release here.

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