Welcome
Daily Tax Report ®

House Republican Brady to Offer Payroll Tax Forgiveness Bill

Sept. 2, 2020, 8:23 PM

House Ways and Means Cmte’s top Republican says he’ll introduce legislation that would forgive the payroll taxes deferred for the rest of the year by President Trump.

  • “I think the answer is for Congress, Republicans and Democrats, to make clear that these payroll taxes will be forgiven,” Rep. Kevin Brady tells reporters on press call
  • Bill would also pull money from the federal government’s general fund to cover for the shortfall in Social Security funds caused by the forgiven taxes, Brady says
  • NOTE: Congressional Democrats and the Trump administration are at an impasse over the size and nature of...

To read the full article log in. To learn more about a subscription click here.