S.Amdt. 2590

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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