Statements (51)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:bfsLayer |
4
|
| gptkbp:bfsParent |
gptkb:72nd_United_States_Congress
|
| gptkbp:affects |
wealth distribution
|
| gptkbp:amended_by |
gptkb:Revenue_Act_of_1934
|
| gptkbp:analysis |
public perception of government
impact on economic policy role in economic recovery long-term economic effects effectiveness of tax increases |
| gptkbp:context |
New Deal policies
|
| gptkbp:controversy |
tax burden on middle class
|
| gptkbp:economic_impact |
reduced consumer spending
increased unemployment increased government revenue |
| gptkbp:effective_date |
1932-06-06
|
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:historical_context |
political climate of the 1930s
response to economic crisis pre-World War II America |
| gptkbp:historical_debate |
economic recovery strategies
tax policy effectiveness government intervention in economy |
| gptkbp:historical_significance |
first major tax increase during Great Depression
|
| https://www.w3.org/2000/01/rdf-schema#label |
Revenue Act of 1932
|
| gptkbp:impact |
gptkb:Great_Depression
|
| gptkbp:includes_provisions_for |
capital gains tax
corporate tax increases inheritance tax increases tax deductions for certain expenses |
| gptkbp:increased |
income tax rates
|
| gptkbp:influenced_by |
economic conditions of the 1930s
|
| gptkbp:introduced |
new taxes
|
| gptkbp:is_aimed_at |
reduce budget deficit
|
| gptkbp:is_opposed_by |
gptkb:Republican_Party
|
| gptkbp:is_supported_by |
gptkb:Democratic_Party
|
| gptkbp:legacy |
influence on future tax legislation
|
| gptkbp:legislation |
gptkb:Revenue_Act_of_1934
gptkb:Revenue_Act_of_1936 |
| gptkbp:outcome |
public discontent
increased federal revenue shift in political power foundation for future tax reforms |
| gptkbp:part_of |
U. S. tax history
|
| gptkbp:related_to |
gptkb:Economic_Recovery_Act
|
| gptkbp:repealed_by |
gptkb:Revenue_Act_of_1936
|
| gptkbp:revenue |
$1 billion
excise taxes individual income taxes corporate income taxes |
| gptkbp:signed_by |
gptkb:Herbert_Hoover
|