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| economic recovery tax act: General Explanation of the Economic Recovery Tax Act of 1981 United States. Congress. Joint Committee on Taxation, 1981 |
| economic recovery tax act: Economic Recovery Tax Act , 1982 |
| economic recovery tax act: Handbook on the Economic Recovery Tax Act of 1981 Prentice-Hall, Inc, 1981 |
| economic recovery tax act: Summary of the Economic Recovery Tax Act of 1981 , 1981 |
| economic recovery tax act: Starving the Beast Monica Prasad, 2018-12-05 Since the Reagan Revolution of the early 1980s, Republicans have consistently championed tax cuts for individuals and businesses, regardless of whether the economy is booming or in recession or whether the federal budget is in surplus or deficit. In Starving the Beast, sociologist Monica Prasad uncovers the origins of the GOP’s relentless focus on tax cuts and shows how this is a uniquely American phenomenon. Drawing on never-before seen archival documents, Prasad traces the history of the 1981 tax cut—the famous “supply side” tax cut, which became the cornerstone for the next several decades of Republican domestic economic policy. She demonstrates that the main impetus behind this tax cut was not business group pressure, racial animus, or a belief that tax cuts would pay for themselves. Rather, the tax cut emerged because in America--unlike in the rest of the advanced industrial world—progressive policies are not embedded within a larger political economy that is favorable to business. Since the end of World War II, many European nations have combined strong social protections with policies to stimulate economic growth such as lower taxes on capital and less regulation on businesses than in the United State. Meanwhile, the United States emerged from World War II with high taxes on capital and some of the strongest regulations on business in the advanced industrial world. This adversarial political economy could not survive the economic crisis of the 1970s. Starving the Beast suggests that taking inspiration from the European model of progressive policies embedded in market-promoting political economy could serve to build an American economy that works better for all. |
| economic recovery tax act: America's New Beginning United States. President (1981-1989 : Reagan), 1981 |
| economic recovery tax act: Tax Withholding and Estimated Tax , 1993 |
| economic recovery tax act: Economic Recovery Tax Act of 1981 Bernard D. Reams, |
| economic recovery tax act: Economic Recovery Tax Act of 1981 , 1981 |
| economic recovery tax act: The Reagan Experiment John Logan Palmer, Isabel V. Sawhill, Changing Domestic Priorities Project (Urban Institute), 1982 A report of the Urban Institute's Changing Domestic Priorities Project--Page ii.URI 34200--T.p. verso. Includes bibliographical references. |
| economic recovery tax act: The Macroeconomic and Sectoral Effects of the Economic Recovery Tax Act Flint Brayton, 1985 |
| economic recovery tax act: Summary of H.R. 4242 United States. Congress. Joint Committee on Taxation, 1981 |
| economic recovery tax act: Surrender Michael Allen Meeropol, 2017-07-19 Michael Meeropol argues that the ballooning of the federal budget deficit was not a serious problem in the 1980s, nor were the successful recent efforts to get it under control the basis for the prosperous economy of the mid-1990s. In this controversial book, the author provides a close look at what actually happened to the American economy during the years of the Reagan Revolution and reveals that the huge deficits had no negative effect on the economy. It was the other policies of the Reagan years--high interest rates to fight inflation, supply-side tax cuts, reductions in regulation, increased advantages for investors and the wealthy, the unraveling of the safety net for the poor--that were unsuccessful in generating more rapid growth and other economic improvements. Meeropol provides compelling evidence of the failure of the U.S. economy between 1990 and 1994 to generate rising incomes for most of the population or improvements in productivity. This caused, first, the electoral repudiation of President Bush in 1992, followed by a repudiation of President Clinton in the 1994 Congressional elections. The Clinton administration made a half-hearted attempt to reverse the Reagan Revolution in economic policy, but ultimately surrendered to the Republican Congressional majority in 1996 when Clinton promised to balance the budget by 2000 and signed the welfare reform bill. The rapid growth of the economy in 1997 caused surprisingly high government revenues, a dramatic fall in the federal budget deficit, and a brief euphoria evident in an almost uncontrollable stock market boom. Finally, Meeropol argues powerfully that the next recession, certain to come before the end of 1999, will turn the predicted path to budget balance and millennial prosperity into a painful joke on the hubris of public policymakers. Accessibly written as a work of recent history and public policy as much as economics, this book is intended for all Americans interested in issues of economic policy, especially the budget deficit and the Clinton versus Congress debates. No specialized training in economics is needed. A wonderfully accessible discussion of contemporary American economic policy. Meeropol demonstrates that the Reagan-era policies of tax cuts and shredded safety nets, coupled with strident talk of balanced budgets, have been continued and even brought to fruition by the neo-liberal Clinton regime. --Frances Fox Piven, Graduate School, City University of New York Michael Meeropol is Chair and Professor of Economics, Western New England College. |
| economic recovery tax act: The End of Prosperity Arthur B. Laffer, Stephen Moore, Peter Tanous, 2009-09-08 The authors argue that, for 25 years, the U.S. has experienced a great wave of prosperity as a result of supply-side economics, or Reaganomics. They caution that Americans risk losing their high standard of living if the policies of the past are reversed by a Democratic president. |
| economic recovery tax act: Trumponomics Stephen Moore, Arthur B. Laffer, 2018-10-30 Conservative economists offer a well-informed defense of Trump’s approach to trade, taxes, employment, infrastructure, and other economic policies. Donald Trump promised the American people a transformative change in economic policy after eight years of stagnation under Obama. But he didn’t adopt a conventional left or right economic agenda. His is a new economic populism that combines some conventional Republican ideas—tax cuts, deregulation, more power to the states—with more traditional Democratic issues such as trade protectionism and infrastructure spending. It also mixes in important populist issues such as immigration reform, pressuring the Europeans to pay for more of their own defense, and keeping America first. Coauthors Stephen Moore and Arthur B. Laffer worked as senior economic advisors to Donald Trump in 2016. They traveled with him, frequently met with his political and economic teams, worked on his speeches, and represented him as surrogates. They are currently members of the Trump Advisory Council and still meet with him regularly. In Trumponomics, they offer an insider’s view on how Trump operates in public and behind closed doors, his priorities and passions, and his greatest attributes and liabilities. |
| economic recovery tax act: Shifting the Burden Cathie J. Martin, 1991-07-09 Since World War II, the corporate tax burden has, overall, decreased enormously as a percentage of the government's total revenue. Until now, however, no explanation of this phenomenon has accounted for the periodic reforms—such as the dramatic 1986 Tax Reform Act—which significantly increase some corporate taxes. Remarkably accessible and rich in historical evidence, Shifting the Burden is the most compelling explanation to date of how our nation's tax policy is formulated. Cathie J. Martin shows how presidents' cultivation of allies within the business community and struggles within that community itself combine to shape tax policy. |
| economic recovery tax act: Return to Prosperity Arthur B. Laffer, Stephen Moore, 2010-02-09 WE CAN'T TAX AND SPEND OUR WAY BACK TO THE GOOD TIMES. -- Arthur B. Laffer and Stephen Moore When Arthur B. Laffer spearheaded the theory of supply-side economics and became a member of President Reagan's Economic Policy Advisory Board, he took his place as an economic icon. More recently, he joined with Stephen Moore and Peter J. Tanous to write The End of Prosperity -- a clarion call delineating what is wrong with current political approaches to America's present economic challenges. Steve Forbes himself described The End of Prosperity as brilliantly insightful, saying READ IT -- AND ACT! Now Arthur Laffer and Stephen Moore follow the rousing success of The End of Prosperity with a book even more vital to America and Americans, delivering a plan that shows how our country can regain its lost prosperity. With the economy flat on its back, unemployment at a twenty-five-year high, and the housing default crisis still worsening, is this even possible? But America can once again become the land of economic opportunity, and this brilliant new book tells us exactly how. While President George W. Bush and President Barack Obama may hail from different parties, their response to the crisis has been strikingly similar. The Bush-Obama plan is a failure that has produced nothing except a cascade of trillions of dollars of debt. Is the situation hopeless? No, say Arthur Laffer and Stephen Moore resoundingly, the situation is not hopeless. A return to prosperity is still entirely possible...if the correct strategies are followed. In The End of Prosperity, the authors primarily discussed how lower taxes are essential to economic growth. Now, in Return to Prosperity, they detail the other essential components: putting government at all levels on a low-fat diet; emphasizing debt reduction and retirement; and bringing back the investor class in America, where every American can own a piece of the rock. In a time where most of the proposed solutions are fraught with peril, the argument provides a refreshing counterbalance. The Return to Prosperity is a prescription that gives America the fundamental tools it needs in order to set about recovery. This book is an urgently needed road map to renewed prosperity, and it is vital reading for anyone who worries that the current economy is faltering, with no clear plan articulated for recovery. |
| economic recovery tax act: Shifting the burden James Barrow Greene, 1986 |
| economic recovery tax act: Safe Harbor Leasing Provisions of the Economic Recovery Tax Act of 1981 United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight, 1982 |
| economic recovery tax act: Explanation of Economic Recovery Tax Act of 1981 Commerce Clearing House, 1981 |
| economic recovery tax act: JFK and the Reagan Revolution Lawrence Kudlow, Brian Domitrovic, 2016-09-06 The fascinating, suppressed history of how JFK pioneered supply-side economics. John F. Kennedy was the first president since the 1920s to slash tax rates across-the-board, becoming one of the earliest supply-siders. Sadly, today’s Democrats have ignored JFK’s tax-cut legacy and have opted instead for an anti-growth, tax-hiking redistribution program, undermining America’s economy. One person who followed JFK’s tax-cut growth model was Ronald Reagan. This is the never-before-told story of the link between JFK and Ronald Reagan. This is the secret history of American prosperity. JFK realized that high taxes that punished success and fanned class warfare harmed the economy. In the 1950s, when high tax rates prevailed, America endured recessions every two or three years and the ranks of the unemployed swelled. Only in the 1960s did an uninterrupted boom at a high rate of growth (averaging 5 percent per year) drive a tremendous increase in jobs for the long term. The difference was Kennedy’s economic policy, particularly his push for sweeping tax-rate cuts. Kennedy was so successful in the ’60s that he directly inspired Ronald Reagan’s tax cut revolution in the 1980s, which rejuvenated the economy and gave us another boom that lasted for two decades. Lawrence Kudlow and Brian Domitrovic reveal the secret history of American prosperity by exploring the little-known battles within the Kennedy administration. They show why JFK rejected the advice of his Keynesian advisors, turning instead to the ideas proposed by the non-Keynesians on his team of rivals. We meet a fascinating cast of characters, especially Treasury Secretary Douglas Dillon, a Republican. Dillon’s opponents, such as liberal economists Paul Samuelson, James Tobin, and Walter Heller, fought to maintain the high tax rates—including an astonishing 91% top rate—that were smothering the economy. In a wrenching struggle for the mind of the president, Dillon convinced JFK of the long-term dangers of nosebleed income-tax rates, big spending, and loose money. Ultimately, JFK chose Dillon’s tax cuts and sound-dollar policies and rejected Samuelson and Heller. In response to Kennedy’s revolutionary tax cut, the economy soared. But as the 1960s wore on, the departed president’s priorities were undone by the government-expanding and tax-hiking mistakes of Presidents Johnson, Nixon, Ford, and Carter. The resulting recessions and the “stagflation” of the 1970s took the nation off its natural course of growth and prosperity-- until JFK’s true heirs returned to the White House in the Reagan era. Kudlow and Domitrovic make a convincing case that the solutions needed to solve the long economic stagnation of the early twenty-first century are once again the free-market principles of limited government, low tax rates, and a strong dollar. We simply need to embrace the bipartisan wisdom of two great presidents, unleash prosperity, and recover the greatness of America. |
| economic recovery tax act: The New New Deal Michael Grunwald, 2012-08-14 In a riveting account based on new documents and interviews with more than 400 sources on both sides of the aisle, award-winning reporter Michael Grunwald reveals the vivid story behind President Obama’s $800 billion stimulus bill, one of the most important and least understood pieces of legislation in the history of the country. Grunwald’s meticulous reporting shows how the stimulus, though reviled on the right and the left, helped prevent a depression while jump-starting the president’s agenda for lasting change. As ambitious and far-reaching as FDR’s New Deal, the Recovery Act is a down payment on the nation’s economic and environmental future, the purest distillation of change in the Obama era. The stimulus has launched a transition to a clean-energy economy, doubled our renewable power, and financed unprecedented investments in energy efficiency, a smarter grid, electric cars, advanced biofuels, and green manufacturing. It is computerizing America’s pen-and-paper medical system. Its Race to the Top is the boldest education reform in U.S. history. It has put in place the biggest middle-class tax cuts in a generation, the largest research investments ever, and the most extensive infrastructure investments since Eisenhower’s interstate highway system. It includes the largest expansion of antipoverty programs since the Great Society, lifting millions of Americans above the poverty line, reducing homelessness, and modernizing unemployment insurance. Like the first New Deal, Obama’s stimulus has created legacies that last: the world’s largest wind and solar projects, a new battery industry, a fledgling high-speed rail network, and the world’s highest-speed Internet network. Michael Grunwald goes behind the scenes—sitting in on cabinet meetings, as well as recounting the secret strategy sessions where Republicans devised their resistance to Obama—to show how the stimulus was born, how it fueled a resurgence on the right, and how it is changing America. The New New Deal shatters the conventional Washington narrative and it will redefine the way Obama’s first term is perceived. |
| economic recovery tax act: The Economic Recovery Tax Act of 1981 , 1981 |
| economic recovery tax act: The President's Tax Proposals to the Congress for Fairness, Growth, and Simplicity United States. President (1981-1989 : Reagan), 1985 General explanation. |
| economic recovery tax act: Economic Recovery Tax Act of 1981 United States, 1981 Law, bills, reports, hearings, prints, debate, documents. |
| economic recovery tax act: The Flat Tax Robert E. Hall, Alvin Rabushka, 2013-09-01 This new and updated edition of The Flat Tax—called the bible of the flat tax movement by Forbes—explains what's wrong with our present tax system and offers a practical alternative. Hall and Rabushka set forth what many believe is the most fair, efficient, simple, and workable tax reform plan on the table: tax all income, once only, at a uniform rate of 19 percent. |
| economic recovery tax act: Ronald Reagan , 2001 Text and plentiful photos chronicle the life story of Ronald Reagan, including his youth, his years as an actor, his marriage to Nancy, and his experiences as governor and president. |
| economic recovery tax act: The Economics of Tax Reform Bassam Harik, 1988 This book provides several papers which give some insight into the complexity of the world of tax reform. |
| economic recovery tax act: The Pig Book Citizens Against Government Waste, 2013-09-17 The federal government wastes your tax dollars worse than a drunken sailor on shore leave. The 1984 Grace Commission uncovered that the Department of Defense spent $640 for a toilet seat and $436 for a hammer. Twenty years later things weren't much better. In 2004, Congress spent a record-breaking $22.9 billion dollars of your money on 10,656 of their pork-barrel projects. The war on terror has a lot to do with the record $413 billion in deficit spending, but it's also the result of pork over the last 18 years the likes of: - $50 million for an indoor rain forest in Iowa - $102 million to study screwworms which were long ago eradicated from American soil - $273,000 to combat goth culture in Missouri - $2.2 million to renovate the North Pole (Lucky for Santa!) - $50,000 for a tattoo removal program in California - $1 million for ornamental fish research Funny in some instances and jaw-droppingly stupid and wasteful in others, The Pig Book proves one thing about Capitol Hill: pork is king! |
| economic recovery tax act: The Budget and Economic Outlook , 2008 |
| economic recovery tax act: The Collection Process (income Tax Accounts) United States. Internal Revenue Service, 1978 |
| economic recovery tax act: The Effect of the Economic Recovery Tax Act of 1981 on Tax Shelters Peter M. Fass, 1981 |
| economic recovery tax act: The Economic Recovery Tax Act of 1981, from the Pace University Tax Institute Tax Planning Seminar , 1982 |
| economic recovery tax act: The Economic Recovery Tax Act of 1981 P. Michael Kelley, 1982 |
| economic recovery tax act: Revenue Effects of Major Tax Bills Tempalski, 2015-01-03 Since the federal income tax was significantly expanded in 1940, several dozen major tax bills have been enacted. Inevitably, discussions (and disagreements) have arisen concerning the relative size of the bills effects on federal revenues.This paper uses revenue estimates from Treasury and the Joint Committee on Taxation to compare the relative size of the revenue effect of the major tax bills enacted after 1939 using four different measures. An appendix provides a short list of the major provisions in the bills. |
| economic recovery tax act: Technical and Miscellaneous Revenue Act of 1988 United States. Congress, United States. Congress. House. Committee of Conference, 1988 |
| economic recovery tax act: Economic Policy and Technological Performance Partha Dasgupta, Paul Stoneman, 2005-11-10 A wide ranging contribution to the debate about the impact of technological change on economic and social welfare. |
| economic recovery tax act: A History of Federal Tax Depreciation Policy David W. Brazell, Lowell Dworin, Michael Walsh, 1989 |
| economic recovery tax act: Estimates of Federal Tax Expenditures United States. Congress. Joint Committee on Internal Revenue Taxation, United States. Congress. House. Committee on Ways and Means, 1976 |
| economic recovery tax act: Regional Meetings , 1981* |
Economic Recovery Tax Act of 1981 - Wikipedia
The Economic Recovery Tax Act of 1981 (ERTA), or Kemp–Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth. The Act was enacted by the …
H.R.4242 - Economic Recovery Tax Act of 1981 - Congress.gov
Treats the accelerated cost recovery deduction as an item tax preference from purposes of the minimum tax. Revises the method of computing the adjustment to earnings and profits of …
Economic Recovery Tax Act of 1981 - Encyclopedia Britannica
Economic Recovery Tax Act of 1981 (ERTA), U.S. federal tax legislation that contained numerous provisions intended to help businesses and individuals. Businesses were aided by accelerated …
Economic Recovery Tax Act of 1981 (ERTA) - Overview,
The Economic Recovery Tax Act of 1981 (ERTA) was a federal tax law passed on August 13, 1981 by the 97 th U.S. Congress as a major move to encourage economic growth by providing crucial tax …
“Reaganomics”: The Economic Recovery Tax Act of 1981
Aug 15, 2016 · Why do you think marginal tax rates exist, rather than individuals paying the same tax rate for the first and last dollars they earn? What sections of the United States Constitution …
Retrospective on the 1981 Reagan Tax Cut - Tax Foundation
Jun 10, 2004 · Special Report: The Economic Recovery Tax Act of 1981: Read the original Tax Foundation analysis of the Reagan tax-cut plan, from its steep reduction in marginal rates to its …
H.R. 4242 (97 th ): Economic Recovery Tax Act of 1981 - GovTrack.us
Jun 6, 2025 · An act to amend the Internal Revenue Code of 1954 to encourage economic growth through reduction of the tax rates for individual taxpayers, acceleration of the capital cost …
Reagan signs Economic Recovery Tax Act (ERTA) - HISTORY
Oct 14, 2010 · On August 13, 1981, at his California home Rancho del Cielo, Ronald Reagan signs the Economic Recovery Tax Act (ERTA), a package of tax and budget reductions that set the tone for …
Economic Recovery Tax Act of 1981 | EBSCO Research Starters
The Economic Recovery Tax Act of 1981 was an era-defining law promoted by the newly elected President Ronald Reagan that significantly reduced federal tax levels.
All Information (Except Text) for H.R.4242 - Economic Recovery Tax Act …
An act to amend the Internal Revenue Code of 1954 to encourage economic growth through reduction of the tax rates for individual taxpayers, acceleration of the capital cost recovery of …
Economic Recovery Tax Act of 1981 - Wikipedia
The Economic Recovery Tax Act of 1981 (ERTA), or Kemp–Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth. …
H.R.4242 - Economic Recovery Tax Act of 1981 - Congress.gov
Treats the accelerated cost recovery deduction as an item tax preference from purposes of the minimum tax. Revises the method of computing the adjustment to …
Economic Recovery Tax Act of 1981 - Encyclopedia Britannica
Economic Recovery Tax Act of 1981 (ERTA), U.S. federal tax legislation that contained numerous provisions intended to help businesses and individuals. Businesses …
Economic Recovery Tax Act of 1981 (ERTA) - Overview,
The Economic Recovery Tax Act of 1981 (ERTA) was a federal tax law passed on August 13, 1981 by the 97 th U.S. Congress as a major move to encourage economic …
“Reaganomics”: The Economic Recovery Tax Act of 1981
Aug 15, 2016 · Why do you think marginal tax rates exist, rather than individuals paying the same tax rate for the first and last dollars they earn? What sections of the United …
