|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:alsoKnownAs
|
gptkb:Kemp-Roth_Tax_Cut
gptkb:Economic_Recovery_Tax_Act_of_1981
|
|
gptkbp:criticizedFor
|
increasing income inequality
increasing budget deficits
|
|
gptkbp:dateEnacted
|
1981
|
|
gptkbp:effectOnFederalDeficit
|
increased
|
|
gptkbp:effectOnFederalRevenue
|
decreased initially
|
|
gptkbp:effectOnGDP
|
disputed
|
|
gptkbp:enactedBy
|
gptkb:Ronald_Reagan
|
|
gptkbp:furtherReducedTopRateTo
|
28%
|
|
gptkbp:goal
|
reduce unemployment
stimulate economic growth
reduce inflation
increase investment
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Reagan tax cuts
|
|
gptkbp:influencedBy
|
supply-side economics
|
|
gptkbp:legislature
|
gptkb:Economic_Recovery_Tax_Act_of_1981
gptkb:Tax_Reform_Act_of_1986
|
|
gptkbp:opposedBy
|
gptkb:Democratic_Party
|
|
gptkbp:reducedTopRateFrom
|
70%
|
|
gptkbp:reducedTopRateTo
|
50%
|
|
gptkbp:reduces
|
marginal income tax rates
|
|
gptkbp:relatedTo
|
gptkb:trickle-down_economics
gptkb:Reaganomics
gptkb:Laffer_Curve
|
|
gptkbp:supportedBy
|
gptkb:Republican_Party
|
|
gptkbp:bfsParent
|
gptkb:Dole–Kemp_tax_cut
|
|
gptkbp:bfsLayer
|
7
|