Public Law 88-272
E750145
Public Law 88-272 is the formal designation of the Revenue Act of 1964, a major U.S. federal law that significantly reduced income tax rates and stimulated economic growth during the Kennedy-Johnson era.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
revenue act ⓘ tax law ⓘ |
| affects |
corporate income tax
ⓘ
individual income tax ⓘ |
| aimedTo |
encourage investment
ⓘ
increase disposable income ⓘ promote economic expansion ⓘ |
| alsoKnownAs | Kennedy tax cut NERFINISHED ⓘ |
| amends | Internal Revenue Code of 1954 NERFINISHED ⓘ |
| belongsTo | United States tax reform acts ⓘ |
| classification | federal revenue legislation ⓘ |
| componentOf | United States federal tax code history ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | 1964-02-26 ⓘ |
| enactedBy | 88th United States Congress NERFINISHED ⓘ |
| enactedDuringPresidencyOf | Lyndon B. Johnson NERFINISHED ⓘ |
| goal |
reduce marginal tax rates
ⓘ
stimulate demand ⓘ support long-term economic growth ⓘ |
| historicalSignificance | major mid-20th-century U.S. tax reduction ⓘ |
| introducedDuringPresidencyOf | John F. Kennedy NERFINISHED ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| language | English ⓘ |
| legalCitationForm | Public Law 88-272 NERFINISHED ⓘ |
| legislativeChamber |
United States House of Representatives
ⓘ
United States Senate ⓘ |
| legislativeHistoryContext | Kennedy–Johnson era NERFINISHED ⓘ |
| officialName | Revenue Act of 1964 NERFINISHED ⓘ |
| partOf | Great Society–era legislation context ⓘ |
| policyArea |
macroeconomic policy
ⓘ
public finance ⓘ |
| policyType | fiscal policy ⓘ |
| presidentAtSigning | Lyndon B. Johnson NERFINISHED ⓘ |
| primaryEffect |
reduced federal income tax rates
ⓘ
stimulated economic growth ⓘ |
| primarySubject | federal income taxation ⓘ |
| publicLawNumber | Pub.L. 88-272 NERFINISHED ⓘ |
| region | United States of America NERFINISHED ⓘ |
| sectorImpacted |
businesses
ⓘ
households ⓘ |
| shortName | Revenue Act of 1964 NERFINISHED ⓘ |
| signedBy | Lyndon B. Johnson ⓘ |
| timeContext | Cold War era ⓘ |
| timePeriod | post–World War II U.S. economic policy ⓘ |
| yearEnacted | 1964 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.