President Bush pitches in on a construction project during a tour of the Carpenters Joint Apprenticeship Center in Pittsburgh, Pa. The President’s Council of Economic Advisers, CEA, estimates the Jobs and Growth plan will create 1.4 million new jobs by the end of 2004, with 510,000 jobs created in 2003 and another 891,000 jobs created in 2004.
The President's Plan
for Jobs & Economic Growth
More Jobs and A Stronger
Economy
Creating
New Jobs
The verdict is in – public and private forecasters have determined the President's
Jobs and Growth plan would create a million or more new jobs over the next two
years.
Helping American Families
The President's Jobs and Growth Package will reduce the tax burden of nearly every
American who pays income taxes.
Focused on Consumers and Investors
By targeting both consumers and investors, the President's Jobs and Growth plan
addresses the principal weakness in the economy – business investment –
while helping to ensure that consumption continues to grow.
Increasing Savings and Investment
A centerpiece of the plan is the proposal to eliminate the double taxation of
corporate earnings. Addressing this bias reduces the cost of capital and increases
savings and investment.
Improving Corporate Governance
In addition to creating jobs, the President's proposal to eliminate the double
taxation on corporate income will discourage corporations from sheltering income
from tax and encourage good corporate governance.