Govtrack HR 4242 97 th Economic Recovery Tax Act of 1981 Accessed April 4 2020

Govtrack hr 4242 97 th economic recovery tax act of

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Govtrack, “H.R. 4242 (97 th ): Economic Recovery Tax Act of 1981.) Accessed April 4, 2020. govtrack.us/congress/bills/97/hr4242. This secondary source is a website with a timeline for the Economic Recovery Tax Act of 1981. It begins with the introduction of the bill on July 23, 1981 and gives a detailed description of the twist and turns the bill took in Congress. It was ultimately signed by President Reagan and enacted on August 23, 1981. History, “Reagan Signs Economic Recovery Tax Act (ETRA).” Accessed April 3, 2020. history.com/this-day-in-history/reagan-signs-economic-recovery-tax-act-erta. This secondary source is one that celebrates the August 13 th anniversary of President Reagan signing the Tax Reform Act of 1981. It outlines Reagan’s “supply-side” economic plan that he laid out in his campaign for Presidency. The website explains how the new tax reform affected income earned through extra activities such as education, entrepreneurship, and investments. The tax reform of 1981 along with another on in 1986 became Reagan’s Presidential legacy. History News Network, “John Komlos Argues Ronald Reagan’s Tax Cuts Led to Trumpism.” Accessed April 6, 2020. historynewsnetwork.org/article/171374. This secondary source is a website article written by John Komlos on February 26, 2019. Komlos is professor emeritus of economics and of economy history at the University of Munich, Germany. In his article, Komlos believes that the Economic Tax Reform of 1981 is where it all went wrong. He does not believe that a reduction in marginal tax rates helps the economy. Komlos believes that the Tax Reform of 1981 was a tax cut that was only beneficial to the rich. Miller Center, “April 28, 1981: Address on the Program for Economic Recovery.” Accessed April 5, 2020. millercenter.org/the-presidency/presidential-speeches/april-28-1981- address-program-economic-recovery. This primary source is a video of Ronald Reagan addressing a joint session of Congress on April 28, 1981. This was Reagan’s first address after his assassination attempt. In the video Reagan discusses how inflation, mortgage interest rates, and unemployment are continuing to rise. He says that due to inflation that Americans are bring less money home that they did six months earlier. Reagan ask Congress to pass the Tax Reform Act of 1981 so that the economy can begin to slowly recover.
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National Archives, “President Reagan’s Address to the Nation on Federal Tax Reduction Legislation, July 27, 1981.” Accessed April 4, 2020. reagan.blogs.archives.gov/2016/08/15/reaganomics-the-economic-recovery-tax-act-of- 1981/.
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