ABSTRACT

Take Responsibility for Workers and Families Act: Division T--Revenue Provisions [March 24, 2020]   [open pdf - 965KB]

From the Document: "A number of recently introduced legislative proposals seek to alleviate the adverse economic effects of the COVID-19 [coronavirus disease 2019] outbreak. One such proposal, the Take Responsibility for Workers and Families Act (H.R. 6379), was introduced in the House on March 23, 2020. The proposal includes a number of provisions that would change the tax system, including modifications that would [1] provide a one-time payment to households; [2] temporarily expand the earned income tax credit, child tax credit, and dependent care tax credit; [3] provide employer payroll tax credits for certain hospital expenses and for expanded sick and family leave programs; [4] modify the tax treatment of certain retirement fund withdrawals; and [5] allow net operating loss carrybacks for businesses. This report briefly summarizes the major provisions included in Titles I through IV of Division T of H.R. 6379."

Report Number:
CRS Report for Congress, R46283
Author:
Publisher:
Date:
2020-03-24
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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