Revenue Act Of 1964

Johnson the act became law on february 26 1964.

Revenue act of 1964. Johnson signed into law on february 26 1964 the revenue act of 1964 hb 8363 after thirteen months of grueling debate in congress. The united states revenue act of 1964 pub l. Kennedy proposed the bill on the advice of keynesian economist walter heller who believed that temporary. Kennedy requested the tax cut legislation and deemed it one.

Kennedy passed by the 88th united states congress and signed into law by president lyndon b. 88 272 also known as the tax reduction act was a tax cut act proposed by president john f. In addition to individual income tax cuts the act slightly reduced corporate tax rates and introduced a minimum standard deduction. The united states revenue act of 1964 pub l.

Revenue act of 1964 last updated december 25 2019. 88 272 also known as the tax reduction act was a bipartisan tax cut bill signed by president lyndon johnson on february 26 1964 individual income tax rates were cut across the board by approximately 20. In his state of the union address in 1963 president john f. 88 272 also known as the tax reduction act was a tax cut act proposed by president john f.

The revenue act of 1964 president lyndon b. In addition to individual income tax cuts the act slightly reduced corporate tax rates and introduced a minimum standard deduction. The united states revenue act of 1964 pub l. Kennedy passed by the 88th united states congress and signed into law by president lyndon b.