Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

E914742

United States federal statute tax law

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was a major U.S. federal law that extended Bush-era tax cuts, renewed unemployment benefits, and implemented various tax incentives to stimulate the economy following the Great Recession.

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All labels observed (1)

Label	Occurrences
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 canonical	2

Statements (49)

Predicate	Object
instanceOf	United States federal statute ⓘ tax law ⓘ
affectsPolicyArea	business tax incentives ⓘ estate tax ⓘ income tax ⓘ payroll tax ⓘ unemployment insurance ⓘ
alsoKnownAs	TRUIRJCA NERFINISHED ⓘ Tax Relief Act of 2010 NERFINISHED ⓘ
billNumber	H.R. 4853 NERFINISHED ⓘ
congressNumber	111th United States Congress NERFINISHED ⓘ
context	Great Recession NERFINISHED ⓘ
country	United States of America ⓘ surface form: United States
criticizedFor	increasing federal budget deficit ⓘ
enactmentDate	2010-12-17 ⓘ
estimatedCost	hundreds of billions of U.S. dollars over ten years ⓘ
extends	Economic Growth and Tax Relief Reconciliation Act of 2001 tax cuts NERFINISHED ⓘ Jobs and Growth Tax Relief Reconciliation Act of 2003 tax cuts NERFINISHED ⓘ
extendsThrough	2012 ⓘ
includes	Alternative Minimum Tax (AMT) patch NERFINISHED ⓘ extension of the American Opportunity Tax Credit ⓘ extension of the Child Tax Credit expansions ⓘ extension of the Earned Income Tax Credit expansions ⓘ
introducedInChamber	United States Senate NERFINISHED ⓘ
legalCitation	124 Stat. 3296 ⓘ
legislativeSession	Second session of the 111th Congress ⓘ
modifies	federal estate tax rates and exemption levels ⓘ
opposedBy	some Democratic lawmakers ⓘ some progressive advocacy groups ⓘ
politicalCompromiseBetween	Barack Obama NERFINISHED ⓘ Republican congressional leadership ⓘ
primarySponsor	Harry Reid NERFINISHED ⓘ
provides	100 percent bonus depreciation for certain business investments ⓘ extension of federal unemployment benefits up to 99 weeks in some states ⓘ temporary reduction in Social Security payroll tax rate for employees ⓘ
publicLawNumber	Public Law 111-312 NERFINISHED ⓘ
purpose	extend Bush-era tax cuts ⓘ provide economic stimulus following the Great Recession ⓘ reauthorize federal unemployment insurance benefits ⓘ
relatedTo	American Recovery and Reinvestment Act of 2009 NERFINISHED ⓘ Economic Stimulus Act of 2008 NERFINISHED ⓘ
sectorImpacted	businesses ⓘ individual taxpayers ⓘ state unemployment insurance systems ⓘ
signedBy	Barack Obama ⓘ
signingDate	2010-12-17 ⓘ
supportedBy	Barack Obama administration NERFINISHED ⓘ many Republican lawmakers ⓘ
temporalCoverage	tax years 2011 and 2012 for most income tax provisions ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Additional Child Tax Credit → modifiedBy → Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 ⓘ

American Recovery and Reinvestment Act of 2009 → followedBy → Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 ⓘ