Washington, DC – (May 15, 2020) — Today, the House is voting on Speaker Pelosi’s $3 trillion coronavirus relief bill. The House is expected to pass the bill on a party-line vote.
“House Democrats are following Rahm Emanuel’s famous maxim, ‘Never let a crisis go to waste.’ Instead of constructively dealing with the coronavirus crisis with pro-growth policies, like a payroll tax cut, Democrats are pushing a left-wing agenda that will bankrupt America. Just today, it was reported that retail sales plummeted by 16 percent in April, on top of a 10 percent fall in March. The private sector – not the public sector – is what needs help. And yet, Democrats would rather give a $1 trillion bailout to state and local governments than pass a payroll tax cut for small businesses. Thankfully, this bill is dead on arrival once it reaches the Senate. We look forward to better legislation coming out of the Senate. JCN will continue pushing for a payroll tax cut for small businesses as part of a Senate relief bill.”
Last week, JCN sent a letter to congressional leadership calling for a payroll tax cut targeted specifically for businesses with under 100 workers. This would amount to a 7.5% pay raise for employees and a 7.5% tax cut for small businesses. Independent contractors, who usually pay both sides of the payroll tax, would receive a 15% pay raise. To read the letter, click here.