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President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
Paycheck Protection Program and Health Care Enhancement Act (H.R. 266) is a $484 billion law that increases funding to the Paycheck Protection Program and also provides more funding for hospitals and testing for COVID-19. The bill passed the Senate by voice vote on April 21, 2020. [1][2][3] The bill passed the House of Representatives by a vote ...
Payroll loans are business loans that provide funding for businesses that may be short on cash for things like employee benefits, wages and payroll taxes. Payroll loans refer to how you use the ...
Describing the effects of the American Taxpayer Relief Act (ATRA) depends on which baseline is used in comparison. Compared against 2012, the deficit in 2013 will be moderately lower due to additional tax revenue from higher payroll tax rates on all wage-earning taxpayers and higher income tax rates on wealthier taxpayers.
CHICAGO (Reuters) -American Airlines is beginning the phased return of furloughed workers after the U.S. Congress passed a pandemic aid package with $15 billion in payroll support for airlines ...
Data source: The Social Security Administration. Social Security's payroll tax rate is 6.2% for most workers. The only exception is self-employed individuals, who are taxed at 12.4%.
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