Arlington, Va., Oct. 22, 2004 - The Electronic Industries Alliance (EIA) applauds President Bush for signing the American Jobs Creation Act into law today. EIA, the leading advocate in Washington, DC, for the U.S. high-tech industry, believes tax incentives in the bill will help America maintain its leadership in innovation and generate domestic job growth by creating a friendlier business climate in the U.S.

"We appreciate the commitment President Bush and members of Congress from both parties have demonstrated by helping to create a more competitive business environment in the U.S. with this legislation," EIA President Dave McCurdy said. "The American Jobs Creation Act will help U.S. high-tech companies invest in their workers, capital equipment and R&D activities. By signing this legislation today, President Bush is sending a message: the U.S. is intent on meeting the economic challenge of other nations who are creating friendlier climates for doing business by reducing tax rates. This legislation will help the U.S. meet that challenge."

About EIA: The Electronic Industries Alliance is the leading advocate for the U.S. high-tech industry in Washington, DC. Its 2,500 member companies provide products and services ranging from microscopic electronic components to state-of-the-art defense, space and industry high-tech systems, as well as the full range of telecommunications and consumer electronic products. EIA's mission is to promote the market development and competitiveness of the U.S. high-tech industry through domestic and international policy efforts.