Job Creation and Worker Assistance Act of 2002(redirected from Job Creation and Worker Assistance Act)
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Job Creation and Worker Assistance Act of 2002
Legislation in the United States that reduced taxes on businesses without changing tax brackets. It accomplished this by temporarily increasing deductions, exemptions, and the number of years for which one may use a tax loss carryback. The idea behind the Act was to encourage job creation by allowing businesses to keep more of their earnings. The effects of this type of policy are disputed.