Gig Is Up Act

This bill would change federal tax law for businesses that have at least $100 million in gross receipts in a year and contract with at least 10,000 independent contractors that year. Payments these businesses make to their contractors would be treated like wages for payroll tax purposes. The business would pay the employer share of Social Security and Medicare payroll taxes at double the usual rates. For Social Security purposes, the contractors' self-employment earnings would include these payments plus half of the employer tax paid. The changes would apply to payments made after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Bonnie Watson Coleman Democrat sponsor
• 7 cosponsors