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

E914742

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.

All labels observed (2)

How this entity was disambiguated

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 ⓘ
Tax Relief Act of 2010 ⓘ
billNumber H.R. 4853 ⓘ
congressNumber 111th United States Congress ⓘ
context Great Recession ⓘ
country 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 ⓘ
Jobs and Growth Tax Relief Reconciliation Act of 2003 tax cuts ⓘ
extendsThrough 2012 ⓘ
includes Alternative Minimum Tax (AMT) patch ⓘ
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 ⓘ
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 ⓘ
Republican congressional leadership ⓘ
primarySponsor Harry Reid ⓘ
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 ⓘ
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 ⓘ
Economic Stimulus Act of 2008 ⓘ
sectorImpacted businesses ⓘ
individual taxpayers ⓘ
state unemployment insurance systems ⓘ
signedBy Barack Obama ⓘ
signingDate 2010-12-17 ⓘ
supportedBy Barack Obama administration ⓘ
many Republican lawmakers ⓘ
temporalCoverage tax years 2011 and 2012 for most income tax provisions ⓘ

How these facts were elicited

Referenced by (3)

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 ⓘ
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 → alsoKnownAs → Tax Relief Act of 2010 ⓘ
linked to: Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010