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In 2004, the United States Congress enacted such a tax holiday for U.S. multinational companies in the American Jobs Creation Act of 2004 (AJCA)) section 965, allowing them to repatriate foreign profits to the United States at a 5.25% tax rate, rather than the existing 35% corporate tax rate. [1]
The Act allows the U.S. Secretary of Education to grant waivers or relief to recipients of student financial aid programs under Title IV of the Higher Education Act of 1965, in connection with a war or other military operation or national emergency. [1]
President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only certain borrowers will qualify ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service.
On Tuesday, Warren said that extending the student loan pandemic payment pause — currently set to expire at the end of September — and debt forgiveness "is a matter of economic justice. It is ...
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The HEROES Act allows the Secretary to "waive or modify" existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, but does not allow the Secretary to rewrite that statute to the extent of canceling $430 billion of student loan principal.
Emergency Repatriation Assistance for Returning Americans Act To amend section 1113 of the Social Security Act to provide authority for increased payments for temporary assistance to United States citizens returned from foreign countries, and for other purposes. Pub. L. 117–39 (text), H.R. 5085, 135 Stat. 336, enacted August 31, 2021