U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley today issued the following statement regarding the need for clear guidance from the U.S. Department of Treasury for implementing the payroll tax Executive Order:
“The recently issued Executive Order on payroll tax deferral, while well-intended to provide relief, has raised serious concerns for both employers and employees. There remains widespread uncertainty on how businesses will implement and apply the Executive Order, and as American employers, workers and families work to navigate the COVID-19 crisis they need clarity not more confusion. We urge the Treasury Department to issue clear guidance for implementing this payroll tax Executive Order.”
The U.S. Chamber today sent a letter to Secretary Mnuchin which provides considerations for further guidance on implementing the payroll tax Executive Order.