Public Law 88-272

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Public Law 88-272 is the formal designation of the Revenue Act of 1964, a major U.S. federal law that significantly reduced income tax rates and stimulated economic growth during the Kennedy-Johnson era.

All labels observed (1)

Label Occurrences
Public Law 88-272 canonical 2

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf United States federal statute
revenue act
tax law
affects corporate income tax
individual income tax
aimedTo encourage investment
increase disposable income
promote economic expansion
alsoKnownAs Kennedy tax cut
amends Internal Revenue Code of 1954
belongsTo United States tax reform acts
classification federal revenue legislation
componentOf United States federal tax code history
country United States
dateSigned 1964-02-26
enactedBy 88th United States Congress
enactedDuringPresidencyOf Lyndon B. Johnson
goal reduce marginal tax rates
stimulate demand
support long-term economic growth
historicalSignificance major mid-20th-century U.S. tax reduction
introducedDuringPresidencyOf John F. Kennedy
jurisdiction United States federal government
language English
legalCitationForm Public Law 88-272
legislativeChamber United States House of Representatives
United States Senate
legislativeHistoryContext Kennedy–Johnson era
officialName Revenue Act of 1964
partOf Great Society–era legislation context
policyArea macroeconomic policy
public finance
policyType fiscal policy
presidentAtSigning Lyndon B. Johnson
primaryEffect reduced federal income tax rates
stimulated economic growth
primarySubject federal income taxation
publicLawNumber Pub.L. 88-272
region United States of America
sectorImpacted businesses
households
shortName Revenue Act of 1964
signedBy Lyndon B. Johnson
timeContext Cold War era
timePeriod post–World War II U.S. economic policy
yearEnacted 1964

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Revenue Act of 1964 publicLawNumber Public Law 88-272
Public Law 88-272 legalCitationForm Public Law 88-272