Rewarding American Workers Act of 2020

Hozzl · 2022-02-09T00:10:52Z

Explore the details of House Bill 7058 Rewarding American Workers Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7058

Primary Policy Focus

Taxation

Potential Impact Areas

AppropriationsCardiovascular and respiratory healthDisability assistanceEmergency medical services and trauma careEmployment taxesGovernment trust fundsInfectious and parasitic diseasesSocial security and elderly assistanceTax administration and collection, taxpayersWages and earnings

Alternate Title(s) of Bill HR 7058

Rewarding American Workers Act of 2020To 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

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