Statements (63)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:bfsLayer |
4
|
| gptkbp:bfsParent |
gptkb:Economic_Recovery_Act_of_1962
|
| gptkbp:amended_by |
gptkb:Internal_Revenue_Code
|
| gptkbp:controversy |
inflation concerns
deficit concerns |
| gptkbp:effective_date |
1964-02-26
|
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:historical_context |
gptkb:Great_Society
|
| gptkbp:historical_debate |
gptkb:election
|
| gptkbp:historical_significance |
first major tax cut since 1954
|
| https://www.w3.org/2000/01/rdf-schema#label |
Tax Reduction Act of 1964
|
| gptkbp:impact |
stimulate economic growth
|
| gptkbp:includes_provisions_for |
tax credits
tax deductions increased standard deduction capital gains tax reduction lowered corporate tax rates |
| gptkbp:influenced_by |
gptkb:Keynesian_economics
|
| gptkbp:introduced |
gptkb:legislation
|
| gptkbp:is_aimed_at |
businesses
individual taxpayers |
| gptkbp:is_evaluated_by |
mixed results
effect on employment impact on income inequality effect on tax policy debates effect on public services effect on economic growth effect on consumer spending effect on economic inequality effect on federal budget effect on government spending effect on inflation effect on investment effect on large corporations effect on lower income families effect on middle class effect on political landscape effect on poverty rates effect on small businesses effect on social programs effect on tax avoidance effect on tax compliance effect on tax evasion effect on upper income families effect on wealth distribution long-term deficit issues short-term economic boost |
| gptkbp:is_opposed_by |
gptkb:Republican_Party
fiscal conservatives |
| gptkbp:is_supported_by |
gptkb:High_School
|
| gptkbp:legacy |
influence on future tax policy
|
| gptkbp:legislation |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
gptkb:Tax_Reform_Act_of_1976 |
| gptkbp:market |
post-World War II economic expansion
|
| gptkbp:passes_through |
1964-02-26
|
| gptkbp:predecessor |
gptkb:Revenue_Act_of_1962
|
| gptkbp:purpose |
reduce income tax rates
|
| gptkbp:related_to |
gptkb:Economic_Opportunity_Act
|
| gptkbp:revenue |
decrease federal revenue
|
| gptkbp:signed_by |
gptkb:Lyndon_B._Johnson
|
| gptkbp:sponsor |
gptkb:Democratic_Party
|
| gptkbp:successor |
gptkb:Tax_Reform_Act_of_1969
|