97-34

E1029409

97-34 is the numerical designation of a United States federal statute enacted by the 97th Congress, commonly known as the Economic Recovery Tax Act of 1981.

All labels observed (1)

Label Occurrences
97-34 canonical 1

How this entity was disambiguated

Statements (43)

Predicate Object
instanceOf Public law ⓘ
United States federal statute ⓘ
alsoKnownAs Kemp-Roth Tax Cut ⓘ
appliesTo federal income taxpayers in the United States ⓘ
belongsToLegalSystem common law system of the United States ⓘ
branchOfGovernment legislative branch ⓘ
chamberInvolved United States House of Representatives ⓘ
United States Senate ⓘ
citationForm Pub. L. 97-34 ⓘ
linked to: Public Law 97-34
congressNumber 97 ⓘ
containsProvision Accelerated Cost Recovery System ⓘ
estate and gift tax changes ⓘ
incentives for savings and investment ⓘ
individual income tax rate reductions ⓘ
country United States ⓘ
effectOnBusinessTaxation introduced accelerated cost recovery system ⓘ
effectOnIndividualIncomeTax phased in across-the-board tax cuts ⓘ
reduced marginal tax rates ⓘ
enactedBy 97th United States Congress ⓘ
hasConsequence altered incentives for investment and savings ⓘ
reduced federal tax revenues relative to prior law ⓘ
historicalContext Reagan administration economic program ⓘ
linked to: Reaganomics
implementedPolicy major federal income tax cuts ⓘ
jurisdiction United States federal government ⓘ
language English ⓘ
legalArea economic policy ⓘ
tax law ⓘ
legalStatus enacted statute ⓘ
legislativeBody United States Congress ⓘ
officialName Economic Recovery Tax Act of 1981 ⓘ
policyOrientation supply-side economics ⓘ
presidentAtEnactment Ronald Reagan ⓘ
publicLawNumber Public Law 97-34 ⓘ
purpose to reduce federal income tax rates ⓘ
to stimulate economic growth ⓘ
shortName ERTA ⓘ
signedBy Ronald Reagan ⓘ
sponsor Jack Kemp ⓘ
William Roth ⓘ
subjectOf debate over tax cuts and deficits in the 1980s ⓘ
timePeriod early 1980s United States economic policy ⓘ
typeOfAct tax reduction act ⓘ
yearEnacted 1981 ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.