Keep Employees’ Earnings Protected Act of 2020
Sponsored By: Representative Spano, Ross [R-FL-15]
Unknown
Summary
Keep Employees' Earnings Protected Act of 2020 This bill allows employers to suspend payment of payroll taxes (i.e., employer and employee taxes and self-employment taxes) for the period beginning on the enactment of this bill and ending either 90 days later, or upon the termination of the COVID-19 (i.e., coronavirus disease 2019) emergency period, whichever is shorter. The bill authorizes transfers to specified Social Security trust funds to cover the loss of revenue to such funds resulting from this payroll tax suspension.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Spano, Ross [R-FL-15]
FL • R
Cosponsors
Rep. Mooney, Alexander X. [R-WV-2]
WV • R
Sponsored 7/9/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov