Friday, October 22, 2004
President Bush this morning signed the American Jobs Creation Act of 2004 (H.R. 4520) aboard Air Force One. The Associated Press story, filed at 12:30 pm EST, reports that he did so "with no fanfare"; indeed, here is the entire White House Press Release:
STATEMENT BY THE PRESS SECRETARY
The President today signed into law:
H.R. 4520, the "American Jobs Creation Act of 2004," which repeals the extraterritorial income exclusion in current tax law; provides domestic manufacturing and other business tax relief, including energy-related tax credits; allows for itemized deduction of State and local sales taxes; provides for reform of tobacco subsidies; includes international tax reform and simplification provisions; and includes various revenue-raising provisions.