97-34
E1029409
97-34 is the numerical designation of a United States federal statute enacted by the 97th Congress, commonly known as the Economic Recovery Tax Act of 1981.
All labels observed (1)
| Label | Occurrences |
|---|---|
| 97-34 canonical | 1 |
Statements (43)
| Predicate | Object |
|---|---|
| instanceOf |
Public law
ⓘ
United States federal statute ⓘ |
| alsoKnownAs | Kemp-Roth Tax Cut NERFINISHED ⓘ |
| appliesTo | federal income taxpayers in the United States ⓘ |
| belongsToLegalSystem | common law system of the United States ⓘ |
| branchOfGovernment | legislative branch ⓘ |
| chamberInvolved |
United States House of Representatives
ⓘ
United States Senate ⓘ |
| citationForm | Pub. L. 97-34 NERFINISHED ⓘ |
| congressNumber | 97 ⓘ |
| containsProvision |
Accelerated Cost Recovery System
NERFINISHED
ⓘ
estate and gift tax changes ⓘ incentives for savings and investment ⓘ individual income tax rate reductions ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| effectOnBusinessTaxation | introduced accelerated cost recovery system ⓘ |
| effectOnIndividualIncomeTax |
phased in across-the-board tax cuts
ⓘ
reduced marginal tax rates ⓘ |
| enactedBy | 97th United States Congress NERFINISHED ⓘ |
| hasConsequence |
altered incentives for investment and savings
ⓘ
reduced federal tax revenues relative to prior law ⓘ |
| historicalContext | Reagan administration economic program NERFINISHED ⓘ |
| implementedPolicy | major federal income tax cuts ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| language | English ⓘ |
| legalArea |
economic policy
ⓘ
tax law ⓘ |
| legalStatus | enacted statute ⓘ |
| legislativeBody | United States Congress ⓘ |
| officialName | Economic Recovery Tax Act of 1981 NERFINISHED ⓘ |
| policyOrientation | supply-side economics ⓘ |
| presidentAtEnactment | Ronald Reagan NERFINISHED ⓘ |
| publicLawNumber | Public Law 97-34 NERFINISHED ⓘ |
| purpose |
to reduce federal income tax rates
ⓘ
to stimulate economic growth ⓘ |
| shortName | ERTA NERFINISHED ⓘ |
| signedBy | Ronald Reagan ⓘ |
| sponsor |
Jack Kemp
NERFINISHED
ⓘ
William Roth NERFINISHED ⓘ |
| subjectOf | debate over tax cuts and deficits in the 1980s ⓘ |
| timePeriod | early 1980s United States economic policy ⓘ |
| typeOfAct | tax reduction act ⓘ |
| yearEnacted | 1981 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.