OrbitaxOrbitax

Trump Administration Considering U.S. Payroll Tax Cut and Tax Deferral as Part of Economic Stimulus Plan to Counter Coronavirus Outbreak

|Proposed Changes|United States
United States

U.S. President Donald Trump reportedly met with Republican lawmakers on 10 March 2020 to discuss an economic stimulus plan to counter the negative impact of the coronavirus outbreak. Tax measures being considered as part of the plan include a temporary 0% payroll tax rate for both employers and employees that could be provided until the end of 2020, as well as a tax deferral for particularly distressed industries/sectors, among other measures.

No final decisions have been made on what the e…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.