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Chamber calls for canceling payroll taxes, expanding loan programs amid coronavirus

Source: thehill.com - Mar 17, 2020

The U.S. Chamber of Commerce called on Congress and the Trump administration Monday to cancel payroll taxes, streamline loan programs for small businesses and enable the creation of credit facilities to provide loans in an effort to mitigate coronavirus economic effects.

The powerful business lobby sent a letter to President Trump, Speaker Nancy Pelosi (D-Calif.), and Senate Majority Leader Mitch McConnell (R-Ky.) with its recommendations, the first of which is to cancel payment of all payroll taxes that would have been paid by employers for the months of March, April and May.

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Category: General Business