American Jobs Creation Act

The American Jobs Creation Act, enacted in 2004, aimed to boost job growth and reinvigorate the U.S. economy. It provided tax breaks for businesses, particularly those involved in manufacturing and exports, to encourage investment. The law also eliminated certain international tax rules that were seen as discouraging companies from bringing overseas profits back to the U.S. Overall, the Act sought to create a favorable environment for job creation, stimulate economic activity, and support American competitiveness in the global market.