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The automakers GM, Ford, FCA, and others asked Congress for financial assistance due to the negative impacts of the coronavirus pandemic. Specifically, they requested that Congress delay the implementation of the new USMCA trade deal, defer their quarterly federal tax payments, provide a temporary payroll tax holiday for companies providing paid leave to employees, and expand tax deductions and credits for costs associated with the virus response. The automakers warned that March sales were projected to dro
- Author
- Brandon Watson
- Language
- EN