To amend the Internal Revenue Code of 1986 to provide tax relief to the unemployed, and for other purposes.
Workforce Fairness and Tax Relief Act of 2008 - Amends the Internal Revenue Code to: (1) repeal the inclusion of unemployment compensation in gross income; (2) allow tax-free distributions from retirement plans for unemployed individuals; (3) allow an exclusion from gross income for employee severance payments; and (4) increase the tax credit for the health insurance costs of individuals receiving trade adjustment assistance and certain pension payments.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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