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House Ways and Means Chair Kevin Brady. (Photo: AP) House Ways and Means ranking member Kevin Brady. (Photo: AP)

House Ways and Means Committee ranking member Kevin Brady, R-Texas, introduced legislation late Friday that would “forgive” Social Security taxes deferred under President Donald Trump’s executive order.

Brady’s bill—the Support for Workers, Families, and Social Security Act—would create a temporary payroll tax holiday from September 1 through December 31, 2020, for all workers, Brady said in a statement. The bill decreases for four months the Old Age, Survivors, and Disability Insurance tax rate by 6.2 percent—the full amount that workers pay—and decreases the annual Self-Employment Contributions Act tax rate by approximately 2.07 percent.

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