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