American Jobs and Closing Tax Loopholes Act

The Senate Finance Committee and the House Ways and Means Committee have released the legislative text of the American Jobs and Closing Tax Loopholes Act that, among other things, introduces tax cuts, expands career training, and extends eligibility for unemployment benefits. As noted by Arthur Delaney at the Huffington Post, this bill will not bring relief those who have exhausted their 99 weeks of unemployment benefits.

What’s in this bill that will affect you (as opposed to businesses)?
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