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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.
On July 24, 2020 (two months following the passage of the Heroes Act), Senate Majority Leader Mitch McConnell said that he hoped a package could be agreed on "in the next few weeks", with Treasury Secretary Steve Mnuchin saying that there was a "fundamental agreement" on a $1 trillion package, which would include the $1200 stimulus checks, as ...
The America's Small Business Tax Relief Act of 2014 was introduced into the United States House of Representatives on April 10, 2014 by Rep. Patrick J. Tiberi (R, OH-12). [4] The bill was referred to the United States House Committee on Ways and Means. It was reported (amended) on May 2, 2014 alongside House Report 113-432. [4]
In November, small business optimism leaped 8.5% to the highest level since June 2021 (from 93.7 to 101.7) and topped the 50-year average after languishing below that benchmark for nearly three ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...
Following the closure of most businesses throughout a number of U.S. states, President Donald Trump announced the mobilization of the National Guard in the most affected areas. During 2020 and 2021, the U.S. Congress passed major stimulus packages as part of an aggressive effort to fight both the pandemic and its economic impact.
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