[Congressional Record Volume 166, Number 139 (Wednesday, August 5, 2020)]
[Senate]
[Page S4959]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2590. Mr. SCOTT of Florida submitted an amendment intended to be 
proposed to amendment SA 2499 proposed by Mr. McConnell to the bill S. 
178, to condemn gross human rights violations of ethnic Turkic Muslims 
in Xinjiang, and calling for an end to arbitrary detention, torture, 
and harassment of these communities inside and outside China; which was 
ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. __. TEMPORARY EMPLOYEE AND EMPLOYER PAYROLL TAX CUT.

       (a) In General.--Notwithstanding any other provision of 
     law--
       (1) with respect to remuneration received by a qualified 
     employee during the payroll tax holiday period, the rate of 
     tax under 3101(a) of such Code shall be 0 percent (including 
     for purposes of determining the applicable percentage under 
     sections 3201(a) and 3211(a)(1) of such Code),
       (2) with respect to remuneration paid to a qualified 
     employee during the payroll tax holiday period, the rate of 
     tax under section 3111(a) of such Code shall be 0 percent 
     (including for purposes of determining the applicable 
     percentage under section 3221(a) of such Code), and
       (3) with respect to any portion of a taxable year which is 
     in the payroll tax holiday period, the rate of tax under 
     section 1401(a) of the Internal Revenue Code of 1986 shall be 
     0 percent.
       (b) Qualified Employee.-- The term ``qualified employee'' 
     means, with respect to remuneration received from or paid by 
     an employer during the payroll tax holiday period, an 
     employee who was employed by such employer on or before 
     September 1, 2020.
       (c) Payroll Tax Holiday Period.--The term ``payroll tax 
     holiday period'' means the period beginning on the date of 
     the enactment of this Act and ending on December 31, 2020.
       (d) Coordination With Delay of Payment of Employer Payroll 
     Taxes.--Section 2302(d)(2) of the CARES Act (Public Law 116-
     136) is amended by striking ``January 1, 2021'' and inserting 
     ``the date of the enactment of the Coronavirus Relief Fair 
     Unemployment Compensation Act of 2020''.
       (e) Employer Notification.--The Secretary of the Treasury 
     shall notify employers of the payroll tax holiday period in 
     any manner the Secretary deems appropriate.
       (f) Transfers of Funds, etc.--
       (1) Transfers to federal old-age and survivors insurance 
     trust fund.--There are hereby appropriated to the Federal 
     Old-Age and Survivors Insurance Trust Fund and the Federal 
     Disability Insurance Trust Fund established under section 201 
     of the Social Security Act (42 U.S.C. 401) and the Social 
     Security Equivalent Benefit Account established under section 
     15A(a) of the Railroad Retirement Act of 1974 (45 U.S.C. 
     231n-1(a)) amounts equal to the reduction in revenues to the 
     Treasury by reason of this section (without regard to this 
     paragraph). Amounts appropriated by the preceding sentence 
     shall be transferred from the general fund at such times and 
     in such manner as to replicate to the extent possible the 
     transfers which would have occurred to such Trust Fund or 
     Account had this section not been enacted.
       (2) Coordination with other federal laws.--For purposes of 
     applying any provision of Federal law other than the 
     provisions of the Internal Revenue Code of 1986, the rate of 
     tax in effect under section 3101(a) of such Code shall be 
     determined without regard to the reduction in such rate under 
     this section.
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