Economic Recovery Tax Act of 1981

URI: https://gptkb.org/entity/Economic_Recovery_Tax_Act_of_1981
GPTKB entity
Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:alsoKnownAs gptkb:ERTA
gptkb:Kemp-Roth_Tax_Cut
gptkbp:amendedBy gptkb:Internal_Revenue_Code_of_1954
gptkbp:category gptkb:1981_in_American_law
gptkb:Presidency_of_Ronald_Reagan
Tax reform
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Economic Recovery Tax Act of 1981
gptkbp:introducedSection gptkb:Section_401(k)_retirement_plans
gptkbp:location gptkb:United_States
gptkbp:publicLawNumber gptkb:Public_Law_97-34
gptkbp:purpose stimulate economic growth
accelerate depreciation
encourage savings and investment
reduce capital gains tax
reduce income tax rates
gptkbp:reducedIndividualIncomeTaxRates 25% over three years
gptkbp:reducedTopMarginalRate from 70% to 50%
gptkbp:relatedTo gptkb:Reaganomics
gptkb:Tax_Equity_and_Fiscal_Responsibility_Act_of_1982
gptkbp:signedBy gptkb:Ronald_Reagan
August 13, 1981
gptkbp:sponsor gptkb:Jack_Kemp
William Roth
gptkbp:title An Act to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes.
gptkbp:bfsParent gptkb:Ronald_Reagan
gptkbp:bfsLayer 4