Wednesday, April 15, 2020
Visiting Law Professor Richard Winchester, a national authority on small business and federal employment tax policy, was featured by a number of national and local media outlets — digital, print, radio and television — to discuss the ramifications of various aspects of government's economic efforts in response to COVID-19.
Professor Winchester was featured by CNBC twice, Yahoo Finance, Money, ABC 7 News, The National Desk, Arlington Va. in a Facebook live Q&A with viewers and the syndicated radio show The Financial Quarterback, which is broadcast on WOR, WABC (NY/NJ) radio, WIBG (Atlantic City, NJ), WOBM (Ocean County) and WPHT, a CBS affiliate in Philadelphia. He was also cited by PolitiFact.
Much of the commentary of Professor Winchester, who worked as a corporate tax attorney for PricewaterhouseCoopers in its National Tax Office prior to teaching, addressed eligibility criteria for stimulus checks, how small businesses can best navigate coronavirus relief requirements and a number of anomalies within the $2 trillion coronavirus stimulus bill, which is the largest emergency aid package in U.S. history.
Regarding relief for small businesses Winchester, whose work is frequently cited in Congressional Reports on tax matters, noted to CNBC
Part of the confusion stems from the guidance released by the Small Business Administration, Winchester said. "We are trying to build a plane while we are in flight."
The goal, however, is clear, he added. "All the government wants is for businesses to start paying their workers again," Winchester said.
If they "rehire the workers and use the money to fund their paychecks," then, "the loan transforms into a grant."
- CNBC, "Why Coronavirus Relief Is Confusing for Small Business"
- CNBC, "Who's Eligible for COVID-19 Stimulus Checks? Your Questions, Answered"
- Money, "Can Your Stimulus Check Be Wrong? (Yes)"
- Yahoo Finance, Singapore, "How the coronavirus stimulus check could impact your 2020 taxes"
- Yahoo News, "IRS launches new tool, allows people who don’t file taxes to receive stimulus check"
- ABC 7, WJLA 24/7 News, "The National Desk with Lindsey Mastis," on FacebookLive
- WOR, WABC, WOBM, WIBG, WPHT, "The Financial Quarterback"
- PolitiFact, "If you've let somebody claim your kids for income tax purposes, you will not receive a stimulus check. The person who claimed your kids is gonna get it."
Categories: Nation and World