curity and provides nearly all workers and their fam-
ilies with essential insurance protections for retire-
ment, disability, or death of a family breadwinner. 
(2) Americans are relying on Social Security 
more than ever during the COVID-19 pandemic 
which is harming the very Americans who most rely 
on Social Security, our seniors, people with disabil-
ities, women and people of color. 
(3) Americans have consistently ranked Social 
Security as one of the most important Federal pro-
grams. 
(4) Social Security enjoys deep and sustained 
public support because it is a benefit workers earn 
through their payroll contributions with each and 
every paycheck under the Federal Insurance Con-
tributions Act (FICA). 
(5) 65 million people, or nearly 1 in 3 house-
holds, receive their earned Social Security benefits 
each month, including seniors, widows, people with 
disabilities, children, and veterans. 
(6) Social Security’s progressive benefit for-
mula, family benefits, and disability and survivor 
protections make the program especially important 
to communities of color and to women, as it partially 
mitigates the systemic inequalities in the rest of the 
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retirement system, which mirror systemic inequal-
ities in the labor market. 
(7) Social Security’s guaranteed benefits lift 22 
million Americans out of poverty each year, and 
allow millions more to live with dignity after their 
retirement or disability. 
(8) Social Security pays $1 trillion in benefits 
each year, and beneficiaries return those funds to 
their local economies in every Congressional District 
in the nation when they pay for their homes, gro-
ceries, and medical care. 
(9) Social Security functions as an automatic 
stabilizer and economic stimulus during recessions, 
and the current economic and public health crises 
make the program’s role more important than ever, 
as beneficiaries can count on its monthly payments 
as a reliable source of income. 
(10) At its inception 85 years ago, Social Secu-
rity was created by President Roosevelt as an earned 
benefit program where workers’ benefits are fun-
damentally linked to their earnings from work. 
(11) Payroll deductions under the FICA are the 
contributions that workers and their employers pay 
into Social Security, and represent the direct link 
between earnings and benefits. 
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(12) These payroll contributions provide a se-
cure and dedicated source of revenue to finance the 
earned benefits. 
(13) Eliminating these payroll contributions 
would end Social Security, making it unable to pay 
any disability benefits beginning in 2021 and unable 
to pay any retirement or survivor benefits beginning 
in 2023. 
(14) Social Security is irreplaceable and has 
been a cornerstone of our nation’s social compact for 
more than three-quarters of a century. 
(15) The President’s recent executive action to 
defer payroll taxes from September through Decem-
ber 2020 is the first step in his announced plan to 
entirely defund Social Security by eliminating pay-
roll contributions altogether beginning in 2021. 
(16) Eliminating the payroll tax would destroy 
Social Security and with it the financial stability of 
generations of retirees, widows, children, and people 
with severe disabilities. 
(17) Therefore, Congress rejects the President’s 
proposals to defer now and eliminate later the pay-
roll contributions which fund Social Security’s 
earned benefits. 
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SEC. 2. NULLIFICATION OF CERTAIN EXECUTIVE ACTIONS 
TO PERMIT THE DELAYED WITHHOLDING 
AND DEPOSIT OF PAYROLL TAXES. 
As of the date of the enactment of this Act, neither 
the Secretary of the Treasury, nor any delegate of the Sec-
retary of the Treasury, shall implement Internal Revenue 
Service Notice 2020–65 (entitled ‘‘Relief with Respect to 
Employment Tax Deadlines Applicable to Employers Af-
fected by the Ongoing Coronavirus (COVID-19) Disease 
2019 Pandemic’’) and such Notice shall be null and void. 
Æ 
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