US President George W. Bush signed a new tax-cut bill on Monday, the fourth tax cut in four years since he took office in 2001.

The tax-cut bill, totaling 145.9 billion dollars, keeps the per child tax credit at 1,000 dollars, retains an expanded 10 percent income bracket that affects virtually all taxpayers and retains provisions to provide tax relief for married couples. Without the legislation, the three tax provisions affecting an estimated 94 million Americans would expire at the end of this year.

In signing ceremony held in Des Moines, Iowa, President Bush said that the law he signed "comes at just the right time for America."

The action of new tax-cut was taken about four weeks before US presidential election and Republicans had been eager to give President George W. Bush a big legislative victory in his campaign for re-election.

The bill passed the US Senate and the House of Representatives later last month.

Source: Xinhua