23.05.2025
Mirjan Hipolito
Mirjan Hipolito
Cryptocurrency and stock expert
23.05.2025

Kevin O'Leary defends ERC against fraud claims amid IRS data

Kevin O'Leary defends ERC against fraud claims amid IRS data @kevinolearytv: Kevin O'Leary defends ERC

Renowned entrepreneur and investor Kevin O'Leary addresses recent concerns over the employee retention credit (ERC), a program intended to bolster small businesses, which account for 62 percent of job creation and employ between 5 to 500 people.

Refuting claims that the ERC is riddled with fraud, O'Leary points to IRS admissions that only 2.9 percent of cases are potentially fraudulent. This low percentage underscores the importance and integrity of the ERC for small business support, highlighting its critical role in the economy. O'Leary's insights come as the tonality surrounding the ERC's legitimacy has come into question.

In the previous news, tweet author Kevin O’Leary discussed the financial strategies retailers might deploy to manage tariff impacts.

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