Income Taxes	6 Months Ended
Jun. 30, 2020
Income Taxes
Income Taxes	Note 14—Income Taxes The Company’s effective income tax rates were 26.6% and 27.0% for the quarters ended June 30, 2020 and 2019, respectively and 26.4% and 25.7% for the six months ended June 30, 2020 and 2019, respectively. The difference in the effective income tax rate between the six months ended June 30, 2020 and the six months ended June 30, 2019 primarily results from the lower impact of the permanent and favorable tax adjustment for total permanent differences in the six months ended June 30, 2020. When compared to the same period in 2019, the tax adjustment for total permanent differences changed by only $0.5 million while pretax income increased by $735.2 million, thereby diluting the impact of the tax adjustment on the effective income tax rate. The CARES Act, passed in March 2020, introduced a number of tax law changes which are generally taxpayer favorable. Based on a preliminary analysis, the Company does not anticipate any material changes in its effective income tax rates resulting from the CARES Act.

Income Taxes

6 Months Ended

Jun. 30, 2020

Note 14—Income Taxes

The Company’s effective income tax rates were 26.6% and 27.0% for the quarters ended June 30, 2020 and 2019, respectively and 26.4% and 25.7% for the six months ended June 30, 2020 and 2019, respectively. The difference in the effective income tax rate between the six months ended June 30, 2020 and the six months ended June 30, 2019 primarily results from the lower impact of the permanent and favorable tax adjustment for total permanent differences in the six months ended June 30, 2020. When compared to the same period in 2019, the tax adjustment for total permanent differences changed by only $0.5 million while pretax income increased by $735.2 million, thereby diluting the impact of the tax adjustment on the effective income tax rate.

The CARES Act, passed in March 2020, introduced a number of tax law changes which are generally taxpayer favorable. Based on a preliminary analysis, the Company does not anticipate any material changes in its effective income tax rates resulting from the CARES Act.