Holidays

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

7 days ago   |   By

Chip Somodevilla/Getty Images
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.
Trump said he would forgive payroll taxes if he is re-elected, but that requires...
Read more ...

 


Search by Tags

   Holidays      Holiday      Business      Politics      Markets      Policy      Economy      Donald Trump      House of Representatives      Kevin Brady      Payroll taxes      Trump executive order      Stimulus      Social Security      CVS      Home Depot      Payroll tax cut      Payroll tax cuts      Payroll tax deferral  


Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Experience the magical ambience of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

International tourist arrivals decline by 65 per cent during the first half...

International tourist arrivals decline by 65 per cent during the first half of 2020

As per a new issue of the World Tourism Barometer from the United Nations specialized agency, international tourist arrivals declined by 65 per cent during the first half of... Read more ...

Tourism incurred Rs. 4,000 crore in losses, says state minister

Tourism incurred Rs. 4,000 crore in losses, says state minister

On Thursday, 17th Sep, 2020, Himachal Pradesh Chief Minister, Mr. Jai Ram Thakur stated that the tourism sector industry of HP has undergone a major loss of almost Rs. 4,000... Read more ...

5 Best Kid-Friendly Hotels in Las Vegas

5 Best Kid-Friendly Hotels in Las Vegas

Believe it or not Las Vegas with kids can be a fun vacation! If kids live there, kids can visit too. Our girls have been to Vegas three times and loved it for its big city... Read more ...

Mainland China reports 32 new COVID-19 cases, highest since August 10

Mainland China reports 32 new COVID-19 cases, highest since August 10

Mainland China reported 32 new COVID-19 cases on Thursday, marking the highest daily increase in more than a month and up sharply from nine cases reported a day earlier, the... Read more ...

Friday's Best Deals: Xbox Game Pass Ultimate, Fitbit Ace 2, 20% off at...

Friday's Best Deals: Xbox Game Pass Ultimate, Fitbit Ace 2, 20% off at Anthropologie, Hand Sanitizer, Mpow M5 Wireless Earbuds, and More

A 3-month Xbox Game Pass Ultimate subscription , the Fitbit Ace , 20% off everything at Anthropologie , a 2-pack of hand sanitizer bottles , and Mpow's M5 Bluetooth wireless... Read more ...

If You're Compulsive About Swabbing Everything Down This Pack of 480...

If You're Compulsive About Swabbing Everything Down This Pack of 480 Antibacterial Wipes for $20 Is for You

6-Pack: 80ct Antibacterial Wipes | $20 | Meh Read more ...

Uzakrota Global Summit will take place from 01-03 December 2020

Uzakrota Global Summit will take place from 01-03 December 2020

The Uzakrota Global Summit will take place online on 01-03 December this year due to the pandemic. Listed as one of the “World's Top 2018 Most Influential Tourism Events” by... Read more ...

Boeing's 'Culture Of Concealment' Led To 737 Max Crashes, Congressional...

Boeing's 'Culture Of Concealment' Led To 737 Max Crashes, Congressional Report Says

The deadly crashes of two Boeing 737 Max airliners can be chalked up to a company keeping everyone in the dark and giving Boeing employees the authority of federal regulators... Read more ...

Mainland China reports nine new COVID-19 cases versus 12 a day earlier

Mainland China reports nine new COVID-19 cases versus 12 a day earlier

Mainland China reported nine new COVID-19 cases as of Sept. 16, down from 12 reported a day earlier, the country's national health authority said on Thursday. The National... Read more ...

Chinese owners revive Thomas Cook as online-only holiday brand

Chinese owners revive Thomas Cook as online-only holiday brand

Thomas Cook re-emerged as an online-only travel company on Wednesday, backed by its Chinese owners, a year after the high-profile collapse of the British company left thousands... Read more ...