Here is the synopsis of our sample research paper on American Jobs Creation Act of 2004. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5 page paper discusses various aspects of the American Jobs Creation Act of 2004. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_HVJobCrt.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
praise and contempt. Oddly enough, though, much of the criticism apparently comes from tax advocates and some businesses, the types who usually line up behind Republican legislation. This paper discusses
the Act, what it is and what it does; why it was passed in the first place, benefits and pitfalls, and what effect it is likely to have on businesses
around the country. Discussion The American Jobs Creation Act of 2004 (lets call it AJCA for short), is aimed foremost at helping businesses rather than individuals. It was first designed
to "repeal the export tax incentive, which the World Trade Organization has repeatedly ruled illegal" (Clausing, 2004). The export tax incentive (ETI) was enacted to favor U.S. exports, but it
has led to controversy: the EU "has levied tariffs on more than 1,600 U.S. products. Tariffs began at 5 percent in March 2004, and have risen 1 percentage point a
month since" (Clausing, 2004). Repealing the ETI is both "good tax policy and good trade policy," because there is "no reason for the tax system to favor export income" (Clausing,
2004). The income derived from exports doesnt stimulate the economy, nor does it generate "other special benefits" so theres no real need to continue it (Clausing, 2004). In addition, "resolving
the ETI issue could benefit future multilateral trade liberalization and resolve a longstanding trading dispute with the European Union, our largest trading partner" (Clausing, 2004). It has been determined that
once the ETI is repealed, the EU will remove the tariffs it has put on U.S. goods (Clausing, 2004). This should result in improving terms of trade, which will in
turn benefit the U.S. economy by as much as $5-6 billion per year (Clausing, 2004). The repeal of the ETI export tax will result in tax increases, so the Act
...