Jack Kemp

Reagan Signs Tax Reform Act of 1986 - Top Individual Rate Cut from 50% to 28%, Corporate Rate Slashed from 46% to 34%, Tax Brackets Reduced from 16 to 2

1986-10-22 00:00:00 +0000 UTC | Importance: 9/10

On October 22, 1986, President Ronald Reagan signed the Tax Reform Act of 1986 (TRA86) into law, implementing the most dramatic restructuring of the federal tax code since World War II. The legislation reduced the number of individual income tax brackets from 16 to just 2, slashing the top marginal …

Ronald Reagan Dan Rostenkowski Bob Packwood Bill Bradley Jack Kemp +2 more tax-policy reagan-administration supply-side-economics wealth-transfer corporate-corruption +3 more

Reagan Signs TEFRA Reversing Much of ERTA - Largest Peacetime Tax Increase Raises $100 Billion After Revenue Collapse

1982-09-03 00:00:00 +0000 UTC | Importance: 7/10

On September 3, 1982, President Ronald Reagan signed the Tax Equity and Fiscal Responsibility Act (TEFRA) into law, reversing substantial portions of the Economic Recovery Tax Act he had signed just 13 months earlier. TEFRA raised nearly $100 billion in federal revenues through closure of tax …

Ronald Reagan Robert Dole Jack Kemp Bruce Bartlett Senate Finance Committee tax-policy reagan-administration supply-side-economics deficit-spending fiscal-crisis +3 more

Reagan Signs Economic Recovery Tax Act (ERTA) - Top Rate Slashed from 70% to 50%, Corporate Tax Cuts Total $150 Billion Over Five Years

1981-08-13 00:00:00 +0000 UTC | Importance: 9/10

On August 13, 1981, President Ronald Reagan signed the Economic Recovery Tax Act (ERTA) into law, enacting one of the largest tax cuts in American history. The Act reduced the highest marginal individual income tax rate from 70% to 50% and the lowest rate from 14% to 11%, implementing an …

Ronald Reagan Jack Kemp William Roth David Stockman Heritage Foundation +3 more tax-policy reagan-administration supply-side-economics corporate-corruption wealth-transfer +4 more