Senate Opting Out of Trump Payroll Tax Deferral for Employees [View all]
Source: Bloomberg
(Bloomberg) -- The U.S. Senate is joining the House in not implementing President Donald Trump’s 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. “We’re not going to do it and the House isn’t either. Nor is the Supreme Court.”
Blunt said that technical issues with the Senate’s 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, didn’t 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
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