The U.S. Chamber of Commerce and more than 30 trade associations have appealed to the administration and Congress to work together to find an alternative to President Donald Trump’s payroll tax deferral, arguing that unless it becomes a permanent cut, the executive action “threatens to impose serious hardships on employees who will face a large tax bill” down the road.
“The undersigned organizations urge the administration and Congress to come together on a path that provides much-needed tax relief for families without the uncertainty associated with the recent payroll tax executive order (EO),” they wrote in the letter (pdf), which is addressed to House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Mitch McConnell (R-Ky.), and Treasury Secretary Steven Mnuchin.
