TYT Investigates
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The 2004 'American Jobs Creation Act' Didn't Live Up To Its Name. At All.
Posted
October 17, 2017
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October 17, 2017
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11:18Now PlayingCenk Uygur gives some context surrounding the current corporate-tax-cut debate: The George W. Bush administration provided corporations with a one-time tax holiday in 2004, allowing companies to bring money back to the U.S. at the super-low rate of 5.25 percent. Despite being a part of the American Jobs Creation Act, it's now widely agreed upon that the tax holiday did not lead to job creation.
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