Laura Davison and Steve Matthews

Government, Business

Major Companies Reject Trump's Payroll Tax Deferral

Employees work in the bakery department of a Costco store in San Francisco. Employees work in the bakery department of a Costco store in San Francisco. (David Paul Morris/Bloomberg News)

A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic.

September 11, 2020