Independent contractors, sole proprietors, and businesses with 500 employees or less
March 12, 2021
President Biden Signs Landmark COVID-19 Aid Legislation Passed by Congress in Near Party-Line Votes
March 5, 2021
Senate Advances Pandemic Relief Package as President Biden Pushes Infrastructure Plan
February 27, 2021
House Passes $1.9 Trillion Virus Relief Package; Fed Reports Concerns About CRE
Roundtable Analysis and Summary of The American Rescue Plan
The American Rescue Plan, as passed by the House and amended by the Senate, bill provides $651 billion in tax cuts, offset by $62 billion in tax increases. All of the tax relief essentially is delivered in 2021 ($468 B) and 2022 ($161 B). (JCT revenue table).
See Summary and Analysis of Key Economic Provisions in The American Rescue Plan for more information.