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The American Jobs Creation Act of 2004 (Pub. L. 108–357 (text)) was a federal tax act that repealed the export tax incentive (ETI), which had been declared illegal by the World Trade Organization several times and sparked retaliatory tariffs by the European Union. [1]
On October 4, 2011, Minority Leader Mitch McConnell attempted to offer the Act as an amendment to the China trade bill, saying that while he disagreed with the bill's approach to job creation, it deserved to be voted on. [17] On October 5, Reid announced a plan to pay for the American Jobs Act with a 5% surtax on incomes of more than $1 million ...
In 2004, the United States Congress enacted such a tax holiday for U.S. multinational companies in the American Jobs Creation Act of 2004 (AJCA)) section 965, allowing them to repatriate foreign profits to the United States at a 5.25% tax rate, rather than the existing 35% corporate tax rate. [1]
The tax credit originated with the American Jobs Creation Act of 2004. The credit was capped at $3,500 per mile of track, with eligibility for Class II and Class III railroads, any shippers who transport property using a Class II or Class III railroad, and companies that perform maintenance on or provide material to qualified railroads. [5]
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Pub. L. 111–312 (text), H.R. 4853, 124 Stat. 3296, enacted December 17, 2010), also known as the 2010 Tax Relief Act, was passed by the United States Congress on December 16, 2010, and signed into law by President Barack Obama on December 17, 2010.
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Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010; American Taxpayer Relief Act of 2012 (partial extension) While each act has its own legislative history and effect on the tax code, the JGTRRA amplified and accelerated aspects of the EGTRRA.
Calvin Coolidge. Term length: Aug. 3, 1923-March 3, 1929 Jobs at start of term: 32,129,000 Jobs at end of term: 37,180,000 Jobs created: 5,051,000 Percentage change ...