Senate Opting Out of Trump Payroll Tax Deferral for Employees
Source: Bloomberg
(Bloomberg) -- The U.S. Senate is joining the House in not implementing President Donald Trumps order allowing employers to defer payroll taxes owed by workers, Missouri Senator Roy Blunt said Tuesday.
My belief is we are not moving forward with the payroll tax deferral in the Senate, Blunt, a member of the Senate GOP leadership, told reporters. Were not going to do it and the House isnt either. Nor is the Supreme Court.
Blunt said that technical issues with the Senates payroll processing systems were partly to blame. The Democratic-controlled House of Representatives said last week it would not defer collecting payroll taxes for staff and other workers, adding that it was not in the best interest of the chamber or its employees. The Senate Disbursing Office, which handles payroll for the chamber, didnt immediately respond to a request to comment.
The Office of Management and Budget has directed federal agencies, which are part of the executive branch, to stop withholding payroll taxes, which must be paid back next year unless Congress forgives the levies. That could mean sharply higher withholding for those workers in early 2021.
Read more: https://www.msn.com/en-us/news/politics/senate-opting-out-of-trump-payroll-tax-deferral-for-employees/ar-BB194P1h?li=BBnbfcQ&ocid=DELLDHP
Renew Deal
(81,847 posts)Because people will get ridiculous tax bills in April.
jorgevlorgan
(8,282 posts)Progressive Jones
(6,011 posts)keithbvadu2
(36,678 posts)oldsoftie
(12,492 posts)That ought to piss off trump
jorgevlorgan
(8,282 posts)Is the Senate starting to grow a pair?
Could that Labor Day deadline rumor been legit?