Revenue Act of 1934

E39121

New Deal legislation United States federal statute tax law

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.

Statements (39)

Predicate	Object
instanceOf	New Deal legislation → United States federal statute → tax law →
aimedAt	increasing federal revenue without resorting solely to borrowing →
appliesToJurisdiction	United States federal government →
associatedWith	Democratic Party (United States) → Roosevelt administration →
chamberInvolved	United States House of Representatives → United States Senate →
country	United States →
field	public finance → taxation →
follows	Revenue Act of 1932 →
government	Government of the United States →
hasEffect	broadened the federal tax base → raised corporate income tax rates → raised individual income tax rates →
hasPurpose	to increase corporate taxes → to increase federal revenue during the Great Depression → to increase income taxes →
historicalPeriod	New Deal era →
implementedBy	Bureau of Internal Revenue → United States Department of the Treasury →
legalForm	public law →
legislativeBody	United States Congress →
locationOfEnactment	Washington, D.C. →
partOf	New Deal →
precedes	Revenue Act of 1935 →
presidentAtTimeOfSigning	Franklin D. Roosevelt →
reasonForEnactment	to address federal budgetary pressures during the Great Depression → to help finance New Deal programs →
regulates	corporate income taxation → federal income taxation →
signedBy	Franklin D. Roosevelt →
temporalContext	Great Depression →
topic	economic policy → federal budget →
typeOfTaxChanged	corporate income tax → individual income tax →

Referenced by (1)

Subject (surface form when different)	Predicate
Revenue Act of 1935 →	follows