The 1.7 million average “payout” refers to money that the taxpayers can save by using NOL from a business the way it was before, perhaps by carrying it back to the prior year, when they made profits that were taxed, or by claiming losses that would be considered excess business losses. To put it simply, they can get money back that they paid in taxes within two prior years.
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So, I still don’t think this is a great thing to do. It’s obviously not where our priorities should be with the relief effort. But just to cut through the heavily biased reporting and comments I am seeing here, the Republicans reformed this tax issue in the first place, and the Democrats also voted for this relief bill. Calling this a “hidden Republican loophole,” is pretty biased.
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