Revenue Act of 1941

GPTKB entity

Statements (62)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:affects wealth distribution
gptkbp:amended_by gptkb:Internal_Revenue_Code
gptkbp:contributed_to war economy
gptkbp:effective_date 1941-10-06
gptkbp:enacted_by gptkb:legislation
support war efforts
address wartime funding needs
gptkbp:historical_debate gptkb:Senate_Finance_Committee
gptkb:House_Ways_and_Means_Committee
Congressional sessions
gptkbp:historical_event U. S. legislative history
gptkbp:historical_significance first major tax increase during WWII
https://www.w3.org/2000/01/rdf-schema#label Revenue Act of 1941
gptkbp:impact tax revenue
gptkbp:includes_provisions_for gptkb:national_security
defense spending
excess profits tax
corporate tax increases
individual income tax increases
tax credits for defense industries
tax deductions for war-related expenses
gptkbp:increased income tax rates
gptkbp:influenced future tax legislation
gptkbp:influenced_by gptkb:Great_Depression
economic conditions
gptkbp:introduced new taxes
gptkbp:is_affected_by American taxpayers
gptkbp:is_aimed_at large corporations
wealthy individuals
funding World War II
gptkbp:is_analyzed_in economists
gptkbp:is_criticized_for business leaders
tax increases
impact on small businesses
gptkbp:is_discussed_in Congressional hearings
economic forums
gptkbp:is_evaluated_by tax policy experts
gptkbp:is_implemented_in gptkb:Internal_Revenue_Service
increase federal revenue
gptkbp:is_opposed_by business groups
conservative politicians
gptkbp:is_part_of U. S. tax history
U. S. wartime fiscal policy
gptkbp:is_promoted_by administration officials
gptkbp:is_related_to tax policy changes
gptkbp:is_supported_by gptkb:labor_unions
labor organizations
progressive politicians
gptkbp:led_to increased compliance measures
gptkbp:part_of New Deal policies
gptkbp:passes_through finance military expenditures
gptkbp:related_to gptkb:War_Revenue_Act
economic mobilization
gptkbp:repealed_by gptkb:Revenue_Act_of_1942
gptkbp:resulted_in funding for military operations
increased government revenue
higher tax burden on wealthy
gptkbp:signed_by gptkb:Franklin_D._Roosevelt
gptkb:President_Franklin_D._Roosevelt
gptkbp:bfsParent gptkb:Revenue_Act_of_1942
gptkbp:bfsLayer 5