House Republicans have ensured meaningful reforms and program integrity requirements will accompany a temporary extension of unemployment programs created by the CARES Act that expire Dec. 31, 2020. Unemployed individuals get an additional $300/week from Dec. 26, 2020 to March 14, 2021. Pandemic Unemployment Assistance (PUA): Extends and phases out PUA, a ...
Our legislation provides important assistance to individuals, businesses, and students through the tax code. A more technical description of each provision is provided in the section by section. Another round of cash assistance for workers and families. Expanding on financial relief provided in the CARES Act, individuals with valid SSNs with adjusted gross income up to $75,000 ...
Led by House Republicans, this package creates pro-growth certainty by reforming the one-year expiring temporary tax extenders for the first time since 2015. It also makes permanent strongly supported tax incentives, including from the Tax Cuts and Jobs Act, extends other traditional tax items for 5 years rather than year-to-year, and eliminates outdated provisions. We hope to include an ...
CLICK HERE to download this information as a PDF. Section I: Health Section II: Oversight
House Ways and Means Republican Leader Kevin Brady (R-TX) joined CNBC’s Squawk Box to talk about the current status of an end-of-the-year COVID-19 relief bill, government funding, and the three-year anniversary of the Tax Cuts and Jobs Act. On COVID-19 relief: “I think we’re making progress here. ...
Key Points: -Many Democrats and other analysts argued back in the spring that the cap on tax deductions for state and local taxes, combined with headwinds from the pandemic, would cause revenues to decline by hundreds of billions of dollars by this point. Those predictions fell far short. -Revenues collected by local and state governments dipped only one percent in 2020 ...
With the Federal Reserve acknowledging that our economic recovery is beating expectations, it’s important to recognize how pro-growth policies like the Tax Cuts and Jobs Act (passed just three years ago) not only succeeded in ending the last sluggish recovery, it set the stage for stimulative CARES Act provisions to provide a more durable and inclusive recovery from the current ...
This month marks the three-year anniversary of the Tax Cuts and Jobs Act (TCJA) that aided America’s middle class, strengthened the economy, and made America more competitive globally. After years of the slow Obama-Biden economic recovery, America’s economic growth moved into high gear with passage of TCJA, leading to more jobs, higher wages, and a stronger America. Now, with the ...
NFIB Small Business Optimism Index Small Business Operations Persist in November A majority of small businesses continued to invest particularly in new equipment. More small businesses increased their compensation or plan to do so in the coming months. Over half of small businesses hired or ...
Prior to the COVID-19 pandemic, Main Street optimism reached an all-time high and small business investment was climbing to historic levels. The unemployment rate was at a 50-year low, ...