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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,...
The new president thought it advantageous to quickly pursue one of Kennedy's primary legislative goals—a tax cut. Johnson worked closely with Harry F. Byrd of Virginia to negotiate a reduction in the budget below $100 billion in exchange for what became overwhelming Senate approval of the Revenue Act of 1964.
He pushed for passage of Kennedy's tax cut and civil rights bill and declared a "War on Poverty." When he ran for election against the Republican conservative Barry Goldwater in late 1964, he won by the biggest popular vote margin in history. During his presidency, Johnson engineered the passage of the Medicare program, poured money into ...
