Job Creation and Worker Assistance Act of 2002

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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.
References in periodicals archive ?
California has not conformed to the changes governing depreciation in the federal Job Creation and Worker Assistance Act of 2002 and the Growth Tax Relief Reconciliation Act of 2003.
* The Job Creation and Worker Assistance Act of 2002 made a number of changes to the tax law to offer short-term help to the unemployed and long-term stimulus to create jobs.
Section 403(a) of the Job Creation and Worker Assistance Act of 2002 (JCWAA) amended Sec.
The Job Creation and Worker Assistance Act of 2002 favorably changed the economics of aircraft ownership.
The Job Creation and Worker Assistance Act of 2002 enacted legislation that, according to state and local government groups, will probably reduce tax revenues by billions of dollars over the next three years, when they will be facing budget shortfalls and skyrocketing costs for education, healthcare and transportation.