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BREAKING NEWS ~ President Bush signs sweeping corporate tax reform bill

[JURIST] AP is reporting that President Bush has signed the American Jobs Creation Act of 2004, a sweeping corporate tax reform bill offering $136 billion in tax breaks to businesses. The legislation, which also aims to address trade issues with the EU, was approved earlier this month by Congress. Read the White House press release on the bill. JURIST's Paper Chase has more on the tax bill here and here.

UPDATE: An AP story is now available.

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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