October 03, 2008
Emergency Economic Stabilization Act of 2008
Text of the Act passed by Congress and signed by W this afternoon. The financial bailout package includes numerous tax breaks added to the bill by the Senate, including an AMT patch, individual and business tax extenders, energy incentives, and disaster tax relief. It also contains an extension for home mortgage debt forgiveness relief, and a tax crackdown on compensation and severance pay for certain financial executives, and parity for mental health coverage in group health plans.
Posted 08:58 PM