Economic Recovery Tax Act

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Economic Recovery Tax Act

United States legislation, passed in 1981 and signed by President Ronald Reagan that cut marginal tax rates significantly. For example, it cut the top tax rate from 70% to 50% over three years and the bottom rate from 14% to 11%. The Act was intended to stimulate economic growth by putting more money in people's pockets; this concept is a key component of what became known as Reaganomics. Government revenue declined by nearly 3% of GDP as a result of the Act. It is also called the Kemp-Roth tax cut after its two principal sponsors in Congress.
References in periodicals archive ?
EOGRTS, extended one-generation reproductive toxicity study; ERTA, estrogen receptor transactivation; VO, vaginal opening.
Erta, the Director, also ponders setting up an exposition under the name "Basketball Inspiration".
274 (codified as amended in scattered sections of I.R.C); August 13, 1981: Reagan Signs Economic Recovery Tax Act (ERTA), HISTORY, http://www.history.com/this-day-in-history/reagan-signs-economic-recovery-tax-act-erta/print (last visited Nov.
GERLACH, T.M., 1980: Investigation of volcanic gas analyses and magma outgassing from Erta 'Ale lava lake, Afar, Ethiopia.-J.
El predio, de 4 mil 777 metros cuadrados de superficie, fue adquirido por la Inmobiliaria Erta, S.A.
(15) He used cross-sectional data from the Economic Recovery Tax Act of 1981 (ERTA) and estimated elasticities of adjusted gross income relative to tax rates in the range of 1.05 to 2.75, with a central estimate of 1.6.
Ethiopia's government has temporarily banned its citizens from travelling abroad to look for work, the state-run Erta news agency reports.
Summary: Sony Professional Solutions MEA Sony has undertaken several projects in Africa with Tigrai and ERTA in Ethiopia; Uganda Broadcast Corporation [...]
The Erta Ale volcano lies squarely in the Danakil depression in the heart of Afar land.
Selon le porte-parole ethiopien, le groupe de touristes visitait d'ailleurs le site du volcan Erta Ale.
The 22 tourists were trekking near Ethiopia s famed Erta Ale volcano, one of Africa s most spectacular which lies in the remote and arid Afar depression -- reputedly one of the least hospitable places on the planet.