Job Creation and Worker Assistance Act of 2002

[AI summary unavailable — showing source text] Economic Security and Recovery Act of 2001 - Amends the Internal Revenue Code to provide temporary (extensions for one or two years or provisions applicable only to events occurring after September 10, 2001, and before a certain date) and permanent tax relief for both individuals and businesses, including: (1) allowing additional specified depreciation for qualified property; (2) increased expensing; (3) repealing the alternative minimum tax on corporations; (4) extending the net operating loss carry back period; (5) accelerating the 25 percent individual income tax rate effective date; (6) repealing the five year holding requirement for reduced individual capital gains rates; (7) increasing the deduction for capital losses of individual taxpayers; (8) expanding the penalty free withdrawal exception for IRA distributions used for health insurance of unemployed individuals; (9) extending the period during which nonrefundable personal credits are allowed against regular and alternative minimum tax liability; (10) extending the credits for qualified electric vehicles, electricity produced from renewable resources, work opportunity, and welfare-to-work; and (11) provisions concerning t…