ERTA of 1981
E1029406
ERTA of 1981 is a major U.S. federal tax law enacted under President Ronald Reagan that significantly reduced individual income tax rates and aimed to stimulate economic growth through supply-side policies.
All labels observed (1)
| Label | Occurrences |
|---|---|
| ERTA of 1981 canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T13236529 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: ERTA of 1981 Context triple: [Economic Recovery Tax Act of 1981, hasAbbreviation, ERTA of 1981]
-
A.
Law 33/1981
Law 33/1981 is a Spanish statute that officially regulates and standardizes the design and use of Spain’s modern coat of arms.
-
B.
Law No. 43 of 1974
Law No. 43 of 1974 is an Egyptian statute enacted under President Anwar Sadat that opened the country’s economy to foreign and Arab investment as part of the broader infitah (economic liberalization) program.
-
C.
Loi Le Pors de 1983
Loi Le Pors de 1983 is a landmark French law that modernized and structured the status, rights, and obligations of civil servants in France.
-
D.
Royal Decree 2964/1981
Royal Decree 2964/1981 is the Spanish legal instrument that formally established and regulated the modern official design of Spain’s national coat of arms.
-
E.
Transition Law 1949
Transition Law 1949 was an Israeli constitutional statute that further structured the young state's governmental and legal framework following its establishment in 1948.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: ERTA of 1981 Target entity description: ERTA of 1981 is a major U.S. federal tax law enacted under President Ronald Reagan that significantly reduced individual income tax rates and aimed to stimulate economic growth through supply-side policies.
-
A.
Law 33/1981
Law 33/1981 is a Spanish statute that officially regulates and standardizes the design and use of Spain’s modern coat of arms.
-
B.
Law No. 43 of 1974
Law No. 43 of 1974 is an Egyptian statute enacted under President Anwar Sadat that opened the country’s economy to foreign and Arab investment as part of the broader infitah (economic liberalization) program.
-
C.
Loi Le Pors de 1983
Loi Le Pors de 1983 is a landmark French law that modernized and structured the status, rights, and obligations of civil servants in France.
-
D.
Royal Decree 2964/1981
Royal Decree 2964/1981 is the Spanish legal instrument that formally established and regulated the modern official design of Spain’s national coat of arms.
-
E.
Transition Law 1949
Transition Law 1949 was an Israeli constitutional statute that further structured the young state's governmental and legal framework following its establishment in 1948.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal tax law
ⓘ
tax reform legislation ⓘ |
| affectedAgency | Internal Revenue Service NERFINISHED ⓘ |
| alsoKnownAs | Kemp–Roth Tax Cut NERFINISHED ⓘ |
| appliesTo |
business taxpayers in the United States
ⓘ
individual taxpayers in the United States ⓘ |
| codifiedIn | Internal Revenue Code NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | 1981-08-13 ⓘ |
| economicPhilosophy | trickle-down economics ⓘ |
| enactedUnderPresident | Ronald Reagan NERFINISHED ⓘ |
| followedBy |
Tax Equity and Fiscal Responsibility Act of 1982
NERFINISHED
ⓘ
Tax Reform Act of 1986 NERFINISHED ⓘ |
| hasAcronym |
ERTA
NERFINISHED
ⓘ
ERTA of 1981 NERFINISHED ⓘ |
| introducedMarginalRateCut | 25 percent across-the-board reduction in individual income tax rates ⓘ |
| introducedProvision |
Accelerated Cost Recovery System
NERFINISHED
ⓘ
Enhanced depreciation allowances for business investment ⓘ Estate and gift tax reductions ⓘ Expanded eligibility for Individual Retirement Accounts ⓘ Increased contribution limits for Individual Retirement Accounts ⓘ Indexing of individual income tax brackets for inflation ⓘ Targeted tax incentives for small businesses ⓘ Tax incentives for savings ⓘ |
| legislativeChamber | United States Senate ⓘ |
| legislativeChamberOfOrigin | United States House of Representatives NERFINISHED ⓘ |
| namedAfter |
Jack Kemp
NERFINISHED
ⓘ
William Roth NERFINISHED ⓘ |
| partOfEconomicProgram | Reaganomics NERFINISHED ⓘ |
| policyGoal |
reduce individual income tax burden
ⓘ
stimulate economic growth ⓘ |
| policyOrientation | supply-side economics ⓘ |
| precededBy | Revenue Act of 1978 NERFINISHED ⓘ |
| publicLawNumber | Public Law 97-34 NERFINISHED ⓘ |
| rateCutPhaseInPeriod | three years ⓘ |
| reducedTaxType |
business taxes
ⓘ
estate tax ⓘ individual income tax ⓘ |
| signedBy | Ronald Reagan ⓘ |
| soughtToInfluence |
business investment
ⓘ
capital formation ⓘ labor supply ⓘ |
| sponsoredBy |
Jack Kemp
NERFINISHED
ⓘ
William Roth NERFINISHED ⓘ |
| statutesAtLargeCitation | 95 Stat. 172 ⓘ |
| title | An Act to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes ⓘ |
| topMarginalRateAfter | 50 percent ⓘ |
| topMarginalRateBefore | 70 percent ⓘ |
| yearEnacted | 1981 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: ERTA of 1981 Description of subject: ERTA of 1981 is a major U.S. federal tax law enacted under President Ronald Reagan that significantly reduced individual income tax rates and aimed to stimulate economic growth through supply-side policies.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Economic Recovery Tax Act of 1981