How This Impacts Mobility
The relief provided in these four major actions by President Trump would assist transferees, mobile employees, and families impacted by the Coronavirus. In particular, the extension of deferment of employer and employee paid payroll tax will positively impact businesses and their workers facing financial burdens in the short-term, while an extension of needs assistance will support unemployed workers as they try to reenter the workforce. Families facing mortgage or rental hardships and those with student loans would also benefit greatly.
Worldwide ERC® will keep you up to date on any breaking news if there is progress towards a Congressional agreement. However, given the state of negotiations it is possible that discussions on a Congressional agreement on the stimulus could continue into September if no agreement is reached this week.
Should any member have questions regarding these actions, please reach out to Vice President, Member Engagement and Public Policy Rebecca Peters, firstname.lastname@example.org.