Get all your news in one place.
100's of premium titles.
One app.
Start reading
USAFacts
USAFacts
Health

Trump payroll tax executive order could amount to a $78B loan to Americans

President Donald Trump issued an memorandum last week that would pause federal payroll tax obligations for many Americans as the economic consequences of the pandemic continue. The order defers the withholding, deposit, and payment of payroll taxes from the first day of September through the end of December. What does this mean for Americans?

What is payroll tax and who does the order affect?

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.