In CommitteeFiled Jun 2, 2026
Sponsor: Rep. Watson Coleman, Bonnie [D-NJ-12] (D)
Latest Action
Referred to the House Committee on Ways and Means.
Jun 2, 2026
Summary
The Gig Is Up Act changes the tax code so that companies with at least $100 million in annual revenue and 10,000 or more independent contractors must treat those contractor payments like wages for payroll tax purposes. This means the employer must withhold and remit both the employee and employer portions of Social Security and Medicare taxes, effectively doubling the rate applied. The rule applies to payments made after Dec. 31, 2026.
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