Statement by the Press Secretary on H.R. 4520, the American Jobs Creation Act of 2004
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.
George W. Bush, Statement by the Press Secretary on H.R. 4520, the American Jobs Creation Act of 2004 Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/280993