Revenue Act of 1964
E205806
The Revenue Act of 1964 was a landmark U.S. federal tax-cut law championed by President Lyndon B. Johnson that significantly reduced individual and corporate income tax rates to stimulate economic growth.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Revenue Act of 1964 canonical | 1 |
| Tax Reduction Act of 1964 | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1844062 — 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: Revenue Act of 1964 Context triple: [88th United States Congress, passed, Revenue Act of 1964]
-
A.
Revenue Act of 1934
The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
-
B.
Revenue Act of 1935
The Revenue Act of 1935 was a New Deal-era U.S. federal law that significantly increased taxes on high incomes, large inheritances, and corporate profits in an effort to redistribute wealth during the Great Depression.
-
C.
Revenue Act of 1942
The Revenue Act of 1942 was a major U.S. tax law that greatly expanded the federal income tax base and increased rates to help finance American involvement in World War II.
-
D.
Tax Reform Act of 1986
The Tax Reform Act of 1986 was a landmark U.S. federal law that overhauled the tax code by lowering rates, broadening the tax base, and eliminating many deductions and shelters.
-
E.
Revenue Act of 1918
The Revenue Act of 1918 was a major U.S. federal tax law that sharply increased income and excess profits taxes to help finance American involvement in World War I and reshape the nation’s fiscal policy.
- 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: Revenue Act of 1964 Target entity description: The Revenue Act of 1964 was a landmark U.S. federal tax-cut law championed by President Lyndon B. Johnson that significantly reduced individual and corporate income tax rates to stimulate economic growth.
-
A.
Revenue Act of 1934
The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
-
B.
Revenue Act of 1935
The Revenue Act of 1935 was a New Deal-era U.S. federal law that significantly increased taxes on high incomes, large inheritances, and corporate profits in an effort to redistribute wealth during the Great Depression.
-
C.
Revenue Act of 1942
The Revenue Act of 1942 was a major U.S. tax law that greatly expanded the federal income tax base and increased rates to help finance American involvement in World War II.
-
D.
Tax Reform Act of 1986
The Tax Reform Act of 1986 was a landmark U.S. federal law that overhauled the tax code by lowering rates, broadening the tax base, and eliminating many deductions and shelters.
-
E.
Revenue Act of 1918
The Revenue Act of 1918 was a major U.S. federal tax law that sharply increased income and excess profits taxes to help finance American involvement in World War I and reshape the nation’s fiscal policy.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
tax law ⓘ |
| alsoKnownAs |
Kennedy tax cut
ⓘ
Revenue Act of 1964 ⓘ
surface form:
Tax Reduction Act of 1964
|
| codifiedIn |
Internal Revenue Code
ⓘ
surface form:
Internal Revenue Code of 1954
|
| committeeOfOrigin |
United States House Committee on Ways and Means
ⓘ
surface form:
House Committee on Ways and Means
|
| component |
changes to depreciation rules
ⓘ
corporate income tax rate reduction ⓘ increase in standard deduction ⓘ individual income tax rate reduction ⓘ reduction in number of income tax brackets ⓘ reduction of corporate tax rate from 52 percent to 48 percent ⓘ reduction of top marginal income tax rate ⓘ withholding tax adjustments ⓘ |
| corporateTaxRateAfter | 48 percent ⓘ |
| corporateTaxRateBefore | 52 percent ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | 1964-02-26 ⓘ |
| economicContext |
concerns about economic slowdown in early 1960s
ⓘ
postwar economic expansion ⓘ |
| effectiveInTaxYear | 1964 ⓘ |
| enactedBy | 88th United States Congress ⓘ |
| followedBy | Revenue and Expenditure Control Act of 1968 ⓘ |
| intendedEffect |
encourage business investment
ⓘ
increase consumer spending ⓘ reduce unemployment ⓘ |
| introducedUnderPresident | John F. Kennedy ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| legislativeChamberInvolved |
United States House of Representatives
ⓘ
United States Senate ⓘ |
| longTermImpact | contributed to economic expansion in mid-1960s ⓘ |
| opposedBy | some conservative Republicans ⓘ |
| originatedAs | President John F. Kennedy’s tax reform proposal ⓘ |
| partOf |
Great Society
ⓘ
surface form:
Great Society legislative agenda
|
| policyApproach | Keynesian fiscal stimulus ⓘ |
| politicalPartySupport | Democratic Party ⓘ |
| precededBy | Revenue Act of 1962 ⓘ |
| presidentAtSigning | Lyndon B. Johnson ⓘ |
| primaryObjective |
reduce federal income tax rates
ⓘ
stimulate economic growth ⓘ |
| publicLawNumber | Public Law 88-272 ⓘ |
| signedBy | Lyndon B. Johnson ⓘ |
| sponsoredBy | Wilbur Mills ⓘ |
| subjectMatter |
corporate taxation
ⓘ
federal income taxation ⓘ fiscal policy of the United States ⓘ |
| topMarginalIndividualRateAfter | 70 percent ⓘ |
| topMarginalIndividualRateBefore | 91 percent ⓘ |
| yearEnacted | 1964 ⓘ |
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: Revenue Act of 1964 Description of subject: The Revenue Act of 1964 was a landmark U.S. federal tax-cut law championed by President Lyndon B. Johnson that significantly reduced individual and corporate income tax rates to stimulate economic growth.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Tax Reduction Act of 1964