The House, red states, large employers rejecting Trump payroll-tax holiday - Business Insider

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The House of Representatives is joining large companies and some red states in rejecting Trump's payroll-tax deferral for its employees

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US House became the latest employer to spurn Trump's payroll-tax holiday, which is now in effect until December 31.

The lower chamber joins several large companies and at least two red states in rebuffing the directive, citing difficulties around carrying out the deferral and the prospect of getting stuck with large tax bills. "The fact that few employers would take this up was totally foreseeable — the scheme just didn't work," tax expert Seth Hanlon told Business Insider.Visit Business Insider's homepage for more storiesThe House of Representatives on Friday became the latest employer to reject President Donald Trump's payroll-tax deferral for its employees.

It joins several large companies and some red states that have already spurned the measure. The sparse involvement from big employers threatens to inflict a heavy blow on a measure the Trump administration touted as an effective way to get money to households and boost spending. In an email to employees, the House's Chief Administrative Officer Philip Kiko said the lower chamber "determined that implementing the deferral would not be in the best interests of the House or our employees."At least one House Republican, Rep. Kevin Brady, had announced on Thursday he was deferring the tax for some of his staff,"The fact that few employers would take this up was totally foreseeable"to implement a payroll-tax holiday through December 31.

Source: News Formal (newsformal.com)

 

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The Democrat House of Representatives are turning their backs on Americans again

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