On May 28, 2003, President Bush signed into law a bold jobs and growth plan to strengthen America's economy and ensure its continued growth.
The House and Senate acted in a bipartisan fashion to make the President’s tax relief plan a reality for American families, seniors, small businesses, and entrepreneurs. In passing a jobs and growth plan, the administration has taken aggressive action to strengthen the foundation of our economy so that every American who wants to work will be able to find a job.
The President’s Jobs and Growth Act of 2003 will create jobs and grow the economy by:
Speeding up the 2001 tax cuts to increase the pace of economic recovery and job creation
Encouraging job-creating investment in America’s businesses by providing dividend and capital gains tax relief and giving small businesses incentives to grow
Providing $20 billion in aid to States for necessary services
The President’s tax relief will allow the American people to keep more of their own money to spend, save and invest; encourage individuals and businesses to make new investments that will lead to economic growth and job creation; and deliver critical help to unemployed citizens.
