The PROGRESS Act aims to amend the Internal Revenue Code to support startup businesses. It introduces a tax credit for investors who put money into these startups, encouraging financial backing by providing them with a potential tax saving. Additionally, it offers a credit to...
Simple Explanation
The PROGRESS Act is like a magic helper for new businesses and their friends who give them money. It gives those friends a little money back for helping out, and it also gives the new business a bonus when they start paying their first workers.