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2020 Payroll Tax Deferral Order

The President issued an executive order deferring payroll taxes beginning September 1, 2020. 

As the COVID-19 (coronavirus) pandemic continues to surge in multiple regions of the United States, the economy continues to flounder. While some economic recovery has occurred in the aftermath of large shutdowns in the spring, job losses continue to mount while state and local government struggle with increased costs from battling outbreaks and reduced tax revenue.

See below for entire report:  

 

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