Tax Equity and Fiscal Responsibility Act of 1982
E318773
The Tax Equity and Fiscal Responsibility Act of 1982 was a major U.S. federal law that significantly raised taxes and tightened fiscal policy to reduce budget deficits following the early Reagan-era tax cuts.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Tax Equity and Fiscal Responsibility Act of 1982 canonical | 4 |
How this entity was disambiguated
This entity first appeared as the object of triple T2953822 — 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: Tax Equity and Fiscal Responsibility Act of 1982 Context triple: [Economic Recovery Tax Act of 1981, followedBy, Tax Equity and Fiscal Responsibility Act of 1982]
-
A.
Economic Recovery Tax Act of 1981
The Economic Recovery Tax Act of 1981 was a major U.S. federal law that sharply reduced income tax rates and accelerated depreciation in an effort to stimulate economic growth under President Ronald Reagan’s supply-side economic program.
-
B.
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.
-
C.
Omnibus Budget Reconciliation Act of 1990
The Omnibus Budget Reconciliation Act of 1990 was a major U.S. federal law that aimed to reduce the budget deficit through a combination of spending cuts and tax increases, including raising the top income tax rate and implementing new excise taxes.
-
D.
Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985
The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 was a landmark U.S. federal law that sought to reduce the federal budget deficit through automatic spending cuts if specified deficit targets were not met.
-
E.
Budget Enforcement Act of 1990
The Budget Enforcement Act of 1990 was a U.S. federal law that reformed the budget process by imposing discretionary spending caps and a pay-as-you-go (PAYGO) rule to control deficits.
- 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: Tax Equity and Fiscal Responsibility Act of 1982 Target entity description: The Tax Equity and Fiscal Responsibility Act of 1982 was a major U.S. federal law that significantly raised taxes and tightened fiscal policy to reduce budget deficits following the early Reagan-era tax cuts.
-
A.
Economic Recovery Tax Act of 1981
The Economic Recovery Tax Act of 1981 was a major U.S. federal law that sharply reduced income tax rates and accelerated depreciation in an effort to stimulate economic growth under President Ronald Reagan’s supply-side economic program.
-
B.
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.
-
C.
Omnibus Budget Reconciliation Act of 1990
The Omnibus Budget Reconciliation Act of 1990 was a major U.S. federal law that aimed to reduce the budget deficit through a combination of spending cuts and tax increases, including raising the top income tax rate and implementing new excise taxes.
-
D.
Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985
The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 was a landmark U.S. federal law that sought to reduce the federal budget deficit through automatic spending cuts if specified deficit targets were not met.
-
E.
Budget Enforcement Act of 1990
The Budget Enforcement Act of 1990 was a U.S. federal law that reformed the budget process by imposing discretionary spending caps and a pay-as-you-go (PAYGO) rule to control deficits.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
budget reconciliation act ⓘ tax legislation ⓘ |
| alsoKnownFor | being one of the largest peacetime tax increases in U.S. history ⓘ |
| amends |
Internal Revenue Code
ⓘ
surface form:
Internal Revenue Code of 1954
|
| budgetProcess | reconciliation under the Congressional Budget Act of 1974 ⓘ |
| codifiedIn | Title 26 of the United States Code ⓘ |
| congressNumber | 97th United States Congress ⓘ |
| containsProvision |
Medicare cost-sharing and payment changes
ⓘ
changes to accelerated cost recovery system ⓘ hospital prospective payment groundwork ⓘ increased excise taxes ⓘ restrictions on tax shelters ⓘ withholding on interest and dividends ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | September 3, 1982 ⓘ |
| economicEffect |
partially reversed Reagan-era tax cuts
ⓘ
tightened fiscal policy ⓘ |
| estimatedRevenueEffect | major federal revenue increase ⓘ |
| hasLongTitle | An Act to provide for tax equity and fiscal responsibility, and for other purposes ⓘ |
| introducedAs | budget reconciliation bill ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| legalForm | Act of Congress ⓘ |
| legislativeBody | United States Congress ⓘ |
| mainGoal |
increase federal tax revenues
ⓘ
reduce federal budget deficits ⓘ |
| policyContext |
early Reagan administration deficit concerns
ⓘ
post-Economic Recovery Tax Act of 1981 fiscal tightening ⓘ |
| politicalEra | Reagan administration ⓘ |
| presidentAtSigning | Ronald Reagan ⓘ |
| publicLawNumber | Public Law 97-248 ⓘ |
| sectorAffected |
corporations
ⓘ
financial institutions ⓘ health care providers ⓘ individual taxpayers ⓘ |
| shortName | TEFRA ⓘ |
| signedBy | Ronald Reagan ⓘ |
| subjectMatter |
Medicare financing
ⓘ
corporate taxation ⓘ depreciation rules ⓘ excise taxes ⓘ federal income taxation ⓘ interest and dividend reporting ⓘ tax shelters ⓘ withholding and information reporting ⓘ |
| typeOfChange |
spending restraint
ⓘ
tax increase ⓘ |
| yearEnacted | 1982 ⓘ |
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: Tax Equity and Fiscal Responsibility Act of 1982 Description of subject: The Tax Equity and Fiscal Responsibility Act of 1982 was a major U.S. federal law that significantly raised taxes and tightened fiscal policy to reduce budget deficits following the early Reagan-era tax cuts.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Economic Recovery Tax Act of 1981
Omnibus Budget Reconciliation Act of 1982
→
relatedTo
→
Tax Equity and Fiscal Responsibility Act of 1982
ⓘ