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The United States Revenue Act of 1964 ( Pub. L. 88–272 ), also known as the Tax Reduction Act, was a tax cut act proposed by President John F. Kennedy, passed by the 88th United States Congress, and signed into law by President Lyndon B. Johnson. The act became law on February 26, 1964.
19 déc. 2017 · In 1964, President Lyndon B. Johnson, the successor of John F. Kennedy, signed into law the largest tax cut in U.S. history until 1981, the so-called Kennedy–Johnson tax cut.
- Seiichiro Mozumi
- 2018
JFK’s successor, Lyndon B. Johnson, was such a spend-a-holic that the real 5% increases in federal receipts thanks to the JFK tax policy were not enough to cover his Great Society/Vietnam ...
4 févr. 2014 · Lyndon B. Johnson successfully overcame bipartisan resistance to cutting taxes in putting through legislation he inherited from John F. Kennedy, an economist writes.
After his assassination, it was left to Lyndon B. Johnson to achieve final action on the tax cut, which was accomplished 50 years ago this week when the Senate voted in favor of it on Feb. 7,...
Signed into law on February 26, 1964, the act cut individual income tax rates across the board by approximately 20 percent, cut the top marginal tax rate from 91 to 70 percent, and slightly reduced corporate tax rates.
Abstract:In 1964, President Lyndon B. Johnson, the successor of John F. Kennedy, signed into law the largest tax cut in U.S. history until 1981, the so-called Kennedy–Johnson tax cut. Many scholars have evaluated it as representative Keynesian tax policy; this article focuses on the effort of the Treasury Department, tax experts such as ...
