CONSOLIDATED APPROPRIATIONS ACT OF 2021On December 27, 2021, the second major economic relief package, delivering an expected $900 billion to individuals and businesses impacted by the coronavirus pandemic, was signed into law by President Trump. The Consolidated Appropriations Act (CAA) is a $2.3 trillion spending bill that combines $900 billion in stimulus relief with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown. The bill is one of the largest spending measures ever enacted, surpassing the $2.2 trillion CARES Act, enacted in March 2020. The legislation is the first bill to address the pandemic since April 2020. According to the Senate Historical Office, at 5,593 pages, the legislation is the longest bill ever passed by Congress.
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TAX WARRIOR BLOGS AND ALERTS
January 8, 2021 - Consolidated Appropriations Act of 2021: A New Relief Package
TAX WARRIORS IN THE NEWS, WEBINARS, & PODCASTS
January 4, 2021 - Latest Relief Law Refines PPP Loan Conditions - Financial Advisor
March 15, 2021 - Consolidated Appropriations Act of 2021 Update: Your Clients May Call You About These Changes - Philadelphia Estate Planning Council Winter 2021 Newsletter (Page 8)