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The revised plan left the $700 billion bailout intact and appended a stalled tax bill. [129] The law has three major divisions, Division A: the Emergency Economic Stabilization Act of 2008; Division B: Energy Improvement and Extension Act of 2008, and Division C: the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. [ 11 ]
"Any bailout of the auto industry is really a bailout for the health benefits of the UAW. That's all it is." [48] Opponents of a bailout believe that the automakers' problems could be more efficiently resolved by a bankruptcy court with legal power to dissolve existing contracts, shedding costs, and debts that it can no longer afford.
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The post Biden takes credit for Black small business boom in America appeared first on TheGrio. ... the American Rescue Plan, the $1.2 trillion infrastructure investment law, and the CHIPS and ...
Since coming into office in 2021, the Biden-Harris administration has invested billions toward stimulating the Black economy. The Freedman’s Bank […] The post Biden-Harris Treasury pursues ...
In 2021, the incoming Biden administration signaled a focus on the Black unemployment rate as a way to measure progress in the labor market. But one year later, the gap between Black and white job ...
Hazel R. O'Leary became the second Black woman to serve in the Cabinet during the Clinton administration as Secretary of Energy. Alexis Herman was the first Black woman to serve as the Secretary of Labor during the tenure of President Bill Clinton after serving as the Director of the Women's Bureau under President Jimmy Carter from 1977 to 1981 ...
Biden's wife, Jill, will lead the effort. Women were a crucial part of the coalition that elected Biden in 2020 and his campaign aims to recapture that with the reinvigorated effort.