Some of the nation’s largest employers—including CVS Health Corp., Wells Fargo & Co. and the U.S. Postal Service—say they won’t implement President Trump’s payroll-tax deferral plan, opting to leave employee paychecks alone this fall. The president’s plan lets employers stop withholding the 6.2% Social Security tax now for most workers and requires them to pay it back early next year through additional paycheck withholding. Mr. Trump wants Congress to forgive those deferred taxes, but without any assurance of that happening,...

Source: Wall Street Journal September 11, 2020 15:56 UTC