Economic Recovery Tax Act of 1981
GPTKB entity
Statements (74)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:United_States_federal_law
|
| gptkbp:addressed |
inflation
|
| gptkbp:amended_by |
gptkb:Tax_Reform_Act_of_1986
|
| gptkbp:effective_date |
1981-10-22
|
| gptkbp:enacted_by |
gptkb:legislation
encourage entrepreneurship stimulate consumer spending |
| gptkbp:historical_debate |
the media
Congressional hearings in the House of Representatives in the Senate |
| https://www.w3.org/2000/01/rdf-schema#label |
Economic Recovery Tax Act of 1981
|
| gptkbp:includes |
accelerated depreciation
capital gains tax reduction |
| gptkbp:includes_provisions_for |
energy conservation
|
| gptkbp:increased |
business investment incentives
tax incentives for savings |
| gptkbp:influenced |
subsequent tax legislation
|
| gptkbp:influenced_by |
supply-side economics
|
| gptkbp:introduced |
gptkb:tax_cuts
|
| gptkbp:is_aimed_at |
middle-class taxpayers
stimulating economic growth |
| gptkbp:is_analyzed_in |
think tanks
economic analysts its economic impact |
| gptkbp:is_cited_in |
gptkb:military_conflict
policy discussions. historical analyses of tax policy |
| gptkbp:is_considered |
a landmark piece of legislation
a significant tax overhaul |
| gptkbp:is_criticized_for |
gptkb:Democratic_Party
favoring the wealthy increasing income inequality its impact on social programs due to budget deficits |
| gptkbp:is_discussed_in |
academic literature
economic forums political circles |
| gptkbp:is_evaluated_by |
gptkb:Congressional_Budget_Office
its long-term effects its effectiveness in job creation |
| gptkbp:is_implemented_in |
reduce inflation
to combat unemployment boost economic confidence |
| gptkbp:is_opposed_by |
gptkb:labor_unions
fiscal conservatives liberal economists progressive organizations social justice advocates |
| gptkbp:is_part_of |
gptkb:Reaganomics
the economic recovery strategy Reagan administration's economic policy tax policy changes in the 1980s the 1981 budget proposal the 1981 economic policy agenda the Reagan administration's agenda |
| gptkbp:is_promoted_by |
gptkb:Republican_Party
a means to create jobs a solution to economic stagnation |
| gptkbp:is_referenced_in |
subsequent tax reforms
|
| gptkbp:is_supported_by |
business leaders
business groups conservative economists conservative media taxpayer advocacy groups |
| gptkbp:led_to |
economic expansion in the 1980s
|
| gptkbp:passes_through |
during a recession
|
| gptkbp:provides |
tax credits for businesses
|
| gptkbp:reduces |
individual income tax rates
|
| gptkbp:reform |
to encourage investment
|
| gptkbp:resulted_in |
increased federal budget deficit
|
| gptkbp:signed_by |
gptkb:Sir_Ronald_Reagan
|
| gptkbp:bfsParent |
gptkb:Sir_Ronald_Reagan
|
| gptkbp:bfsLayer |
3
|