For Immediate Release
Office of the Press Secretary
March 1, 2004
Statement by the President on FSC/ETI Legislation
I urge Congress to take up and pass FSC/ETI legislation that
reforms the tax code, removes the underlying reason for the tariffs
that have been imposed today on American exports, and further advances
the competitiveness of American manufacturers and job creators. Over
the past three years, my Administration has worked with Congress to
further increase the ability of American companies to succeed in the
worldwide economy, laying the foundation for increased growth and job
creation. If we don't act to replace the current FSC/ETI provisions in
the tax code, the tariffs that have been imposed today will, over the
next year, impose an increasing burden on American exporters, their
workers, and the overall economy. To support the continued
strengthening of our economy and to create more jobs, the Congress
should act now to end the threat of these tariffs and promote the
competitiveness of American manufacturers and other job
creating-sectors of the U.S. economy.
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