Properties (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
legislation
|
| gptkbp:amends |
Internal Revenue Code
tax treatment of capital gains |
| gptkbp:controversy |
for several years prior to enactment
|
| gptkbp:createdBy |
new tax brackets
|
| gptkbp:criticism |
due to tax increases
for increasing tax burden on some |
| gptkbp:defeated |
many tax shelters
|
| gptkbp:economicImpact |
$1.4 trillion
|
| gptkbp:effectiveDate |
January 1, 1987
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
Investment Tax Credit |
| gptkbp:established |
the_Reagan_administration
|
| gptkbp:expansion |
gptkb:Earned_Income_Tax_Credit
|
| gptkbp:followedBy |
subsequent tax reforms
|
| gptkbp:has |
a_political_victory_for_Reagan
|
| https://www.w3.org/2000/01/rdf-schema#label |
Tax Reform Act of 1986
|
| gptkbp:impact |
millions of taxpayers
|
| gptkbp:includes |
provisions for education savings accounts
provisions for retirement savings |
| gptkbp:influenced |
economic conditions of the 1980s
future tax legislation 1990 and 1993 tax reforms |
| gptkbp:introduced |
Alternative Minimum Tax for corporations
|
| gptkbp:is_a_key_component_of |
U.S._tax_policy_in_the_late_20th_century
|
| gptkbp:is_a_model_for |
future tax reform efforts.
|
| gptkbp:is_aimed_at |
broadening the tax base
|
| gptkbp:is_characterized_by |
bipartisan support
|
| gptkbp:is_designed_to |
promote fairness in taxation
to reduce tax rates |
| gptkbp:is_essential_for |
tax overhaul
|
| gptkbp:is_evaluated_by |
to stimulate economic growth
|
| gptkbp:is_part_of |
gptkb:Reaganomics
|
| gptkbp:is_recognized_for |
deregulation efforts
|
| gptkbp:is_studied_in |
numerous studies and reports
economists and tax experts |
| gptkbp:is_supported_by |
business groups
|
| gptkbp:isRated |
for simplifying tax code
|
| gptkbp:landmark |
piece of legislation
|
| gptkbp:ledTo |
increased compliance costs
|
| gptkbp:operations |
tax code
|
| gptkbp:opposedBy |
some labor unions
|
| gptkbp:reduces |
corporate tax rates
individual income tax rates |
| gptkbp:signature |
gptkb:Ronald_Reagan
|
| gptkbp:targets |
corporate tax reform
|
| gptkbp:updates |
capital gains tax rate
standard deduction |
| gptkbp:was_a_response_to |
federal budget deficits
tax code complexity |