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The act increased federal spending by $573 billion [29] for health care, infrastructure, education and social benefits, with the remainder used for tax relief [30] — including a $116 billion income tax cut that benefited 95% of working families. [31] Democrats overwhelmingly supported this measure, while only a few Senate Republicans ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies. Employers report this tax by filing Internal Revenue Service Form 940 annually.
The Economic Stimulus Act of 2008 (Pub. L. Tooltip Public Law (United States) 110–185 (text), 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions.
Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010; American Taxpayer Relief Act of 2012 (partial extension) While each act has its own legislative history and effect on the tax code, the JGTRRA amplified and accelerated aspects of the EGTRRA.
This Act removed from taxation profits on the sale of a house of up to $500,000 for individuals who are married, and $250,000 for single individuals. Educational savings and retirement funds were given tax relief. Some of the expiring tax provisions were extended for selected businesses.
The Unemployment and Farm Relief Act (French: Loi remédiant au chômage et aidant à l’agriculture) was introduced by Prime Minister R.B. Bennett, and enacted in July 1931 by the Parliament of Canada, enabling public works projects to be set up in Canada's national parks during the Great Depression.
During a lame-duck session in December 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.The act extended the Bush tax cuts for an additional two years (until January 1, 2013) and "patched" the exemptions to the Alternative Minimum Tax (AMT) for tax year 2011.
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