The Revenue Act of 1924

GPTKB entity

Statements (59)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:affects wealth distribution
increased income inequality
gptkbp:amended_by gptkb:Revenue_Act_of_1926
gptkbp:associated_with gptkb:Coolidge_administration
gptkbp:consequences contributed to the Great Depression
led to budget deficits
gptkbp:context Roaring Twenties
gptkbp:controversy favoring wealthy individuals
gptkbp:criticism criticized for benefiting the rich
gptkbp:date_enacted 1924-06-02
gptkbp:develops_policies_for analyzed by economists
gptkbp:economic_impact short-term economic boom
gptkbp:economic_policy expansionary fiscal policy
affected federal budget
resulted in tax cuts
gptkbp:economic_theory_influence influenced by classical economics
gptkbp:enacted_by gptkb:United_States_Congress
gptkbp:goal stimulate economic growth
gptkbp:governing_body bipartisan support
passed with amendments
gptkbp:historical_analysis studied by historians
gptkbp:historical_context post-war economic adjustment
gptkbp:historical_debate taxation and economic growth
gptkbp:historical_significance important in U. S. history
set precedent for tax cuts
https://www.w3.org/2000/01/rdf-schema#label The Revenue Act of 1924
gptkbp:impact increased tax exemptions
gptkbp:influenced future tax legislation
gptkbp:influenced_by post-World War I economic conditions
gptkbp:introduced_in gptkb:House_of_Representatives
gptkbp:is_debated_in gptkb:Senate
tax fairness
debated among political parties
gptkbp:legacy influenced future tax reforms
gptkbp:part_of U. S. tax history
gptkbp:political_impact shift in political power
gptkbp:predecessor gptkb:Revenue_Act_of_1921
gptkbp:prize_pool encouraged investment
gptkbp:public_reaction mixed responses
gptkbp:purpose reduce income tax rates
gptkbp:related_to gptkb:tax_policy
Economic policy of the 1920s
gptkbp:repealed_by gptkb:Revenue_Act_of_1932
gptkbp:revenue reduced government revenue
decreased federal revenue
individual income tax
gptkbp:signed_by gptkb:Calvin_Coolidge
gptkbp:successor gptkb:Revenue_Act_of_1926
gptkbp:tax_bracket_change expanded tax brackets
gptkbp:tax_policy_debate debated in Congress
gptkbp:tax_policy_shift from progressive to regressive
gptkbp:tax_rate_change lowered top income tax rate
gptkbp:tax_reduction significant tax cuts
gptkbp:taxation_impact impacted middle class
gptkbp:taxation_philosophy promoted lower taxes
gptkbp:trade_goods supply-side economics
gptkbp:bfsParent gptkb:Calvin_Coolidge_Administration
gptkbp:bfsLayer 8