On May 29, President Bush signed HR 2—the Jobs and Growth
Tax Reconciliation Act of 2003, commonly referred to as the Bush
tax-cut plan—into law at a ceremony in the White House's East
Room. The packed room included Bush's Cabinet; congressional
leaders; and key business group leaders, including NRCA's Vice
President of Government Relations Craig Brightup. Because NRCA is a
Steering Committee member of the Tax Relief Coalition (the primary
business coalition formed to work directly with the White House to
advance Bush's proposal), NRCA was among a select group of industry
associations present at the historic event.
The president's signature marked the culmination of months of
intense lobbying on the part of NRCA and roofing industry allies to
secure more favorable tax treatment for individuals and businesses.
When measured in 2003 dollars, HR 2 is the third-largest tax cut in
U.S. history behind former President Reagan's tax cut in 1981 and
Bush's first tax cut in 2001. The legislation will provide $320
billion in tax cuts between now and 2013, as well as another $30
billion in state aid and tax-credit payments for people with
Bush's conviction is that the bill "is good for American
families, good for American investors, and good for American
entrepreneurs and small-business owners."
Log in or register for FREE access to this article and other Professional Roofing online content.