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Rewarding American Workers Act of 2020
2/9/2022, 12:10 AM
Congressional Summary of HR 7058
Rewarding American Workers Act of 2020
This bill allows employers a payroll tax credit for bonuses paid to employees whose wages did not exceed specified levels during the period beginning on March 13, 2020, and ending on the earlier of July 31, 2020, or the end of the COVID-19 (i.e., coronavirus disease 2019) emergency, and who worked for the entire period.
Read the Full Bill
Current Status of Bill HR 7058
Bill HR 7058 is currently in the status of Bill Introduced since May 28, 2020. Bill HR 7058 was introduced during Congress 116 and was introduced to the House on May 28, 2020. Bill HR 7058's most recent activity was Referred to the House Committee on Ways and Means. as of May 28, 2020
Bipartisan Support of Bill HR 7058
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
3Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7058
Primary Policy Focus
TaxationPotential Impact Areas
- Appropriations
- Cardiovascular and respiratory health
- Disability assistance
- Emergency medical services and trauma care
- Employment taxes
- Government trust funds
- Infectious and parasitic diseases
- Social security and elderly assistance
- Tax administration and collection, taxpayers
- Wages and earnings
Alternate Title(s) of Bill HR 7058
Rewarding American Workers Act of 2020
To provide a payroll tax credit for certain bonuses paid to employees who worked continuously during the COVID-19 pandemic.
Rewarding American Workers Act of 2020
Comments
Sponsors and Cosponsors of HR 7058
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