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Revenue Act Of 1964
The United States Revenue Act of 1964 (), also known as the Tax Reduction Act, was a tax cut act proposed by President John F. Kennedy, passed by the 88th United States Congress, and signed into law by President Lyndon B. Johnson. The act became law on February 26, 1964. Kennedy proposed the bill on the advice of Keynesian economist Walter Heller, who believed that temporary deficit spending would boost economic growth. The act was initially blocked by Democrats like Senator Harry F. Byrd, but Lyndon Johnson was able to guide it through Congress after the assassination of Kennedy in November 1963. The act cut federal income taxes by approximately twenty percent across the board, and the top federal income tax rate fell from 91 percent to 70 percent. The act also reduced the corporate tax from 52 percent to 48 percent and created a minimum standard deduction. Summary of provisions The Office of Tax Analysis of the United States Department of the Treasury summarized the tax c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John F
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died ), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (died ), one of the twelve apostles of Jesus Christ * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
88th United States Congress
The 88th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C., from January 3, 1963, to January 3, 1965, during the final months of the Presidency of John F. Kennedy, presidency of John F. Kennedy, and the first years of the Presidency of Lyndon B. Johnson, presidency of his successor, Lyndon B. Johnson. The apportionment of seats in this United States House of Representatives, House of Representatives was based on the 1960 United States census, and the number of members was again 435 (it had temporarily been 437 in order to seat one member each from recently admitted states of Alaska and Hawaii). Both chambers maintained a Democratic Party (United States), Democratic majority - including a filibuster-proof supermajority in the Senate - and with President Kennedy, the Democrats maintained an overall federal government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lyndon B
Lyndon may refer to: Places * Lyndon, Alberta, Canada * Lyndon, Rutland, East Midlands, England * Lyndon, Solihull, West Midlands, England United States * Lyndon, Illinois * Lyndon, Kansas * Lyndon, Kentucky * Lyndon, New York * Lyndon, Ohio * Lyndon, Pennsylvania * Lyndon, Vermont * Lyndon, Sheboygan County, Wisconsin, a town * Lyndon, Juneau County, Wisconsin, a town Other uses * Lyndon State College, a public college located in Lyndonville, Vermont People * Lyndon (name), given name and surname See also * Lyndon School (other) * Lyndon Township (other) * * Lydon (other) * Lynden (other) * Lindon (other) * Linden (other) {{disambig, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keynesian Economics
Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomics, macroeconomic theories and Economic model, models of how aggregate demand (total spending in the economy) strongly influences Output (economics), economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the aggregate supply, productive capacity of the economy. It is influenced by a host of factors that sometimes behave erratically and impact production, employment, and inflation. Keynesian economists generally argue that aggregate demand is volatile and unstable and that, consequently, a market economy often experiences inefficient macroeconomic outcomes, including economic recession, recessions when demand is too low and inflation when demand is too high. Further, they argue that these economic fluctuations can be mitigated by economic policy responses coordinated between a government and their central bank. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walter Heller
Walter Wolfgang Heller (27 August 1915 – 15 June 1987) was a leading American economist of the 1960s, and an influential adviser to President John F. Kennedy as chairman of the Council of Economic Advisers, 1961–1964. Life and career Heller was born in Buffalo, New York, to German immigrants, Gertrude (Warmburg) and Ernst Heller, a civil engineer. After attending Shorewood High School in Shorewood, Wisconsin, he entered Oberlin College in 1931, graduating with a B.A. degree in 1935. Heller received his master's degree and doctorate degrees in economics from the University of Wisconsin. As a Keynesian, he promoted cuts in the marginal federal income tax rates. This tax cut, which was passed by President Lyndon B. Johnson and Congress after Kennedy's death, was credited for boosting the U.S. economy. Heller developed the first "voluntary" wage-price guidelines. When the steel industry failed to follow them, it was publicly attacked by Kennedy and quickly complied. Hell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harry F
Harry may refer to: Television *Harry (American TV series), ''Harry'' (American TV series), 1987 comedy series starring Alan Arkin *Harry (British TV series), ''Harry'' (British TV series), 1993 BBC drama that ran for two seasons *Harry (New Zealand TV series), ''Harry'' (New Zealand TV series), 2013 crime drama starring Oscar Kightley#Professional career, Oscar Kightley *Harry (talk show), ''Harry'' (talk show), 2016 American daytime talk show hosted by Harry Connick Jr. People and fictional characters *Harry (given name), a list of people and fictional characters with the given name, including **Prince Harry, Duke of Sussex (born 1984) *Harry (surname), a list of people with the surname Other uses *"Harry", the tunnel used in the Stalag Luft III escape ("The Great Escape") of World War II *Harry (album), ''Harry'' (album), a 1969 album by Harry Nilsson *Harry (derogatory term), derogatory term used in Norway *Harry (newspaper), ''Harry'' (newspaper), an underground newspaper in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assassination Of John F
Assassination is the willful killing, by a sudden, secret, or planned attack, of a personespecially if prominent or important. It may be prompted by political, ideological, religious, financial, or military motives. Assassinations are ordered by both individuals and organizations, and are carried out by their accomplices. Acts of assassination have been performed since ancient times. A person who carries out an assassination is called an assassin. Etymology ''Assassin'' comes from the Italian and French Assissini, believed to derive from the word '' hashshashin'' (), and shares its etymological roots with '' hashish'' ( or ; from ').''The Assassins: a radical sect in Islam'' – Bernard Lewis, pp. 11–12 It referred to a group of Nizari Ismailis known as the Order of Assassins who worked against various political targets. Founded by Hassan-i Sabbah, the Assassins were active in the Near East from the 11th to the 13th centuries. The group killed members of the Ab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Taxes In The United States
The United States federal government and most state governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may be taxable on undistributed income. Partnerships are not taxed (with some exceptions in the case of federal income taxation), but their partners are taxed on their shares of partnership income. Residents and citizens are taxed on worldwide income, while nonresidents are taxed only on income within the jurisdiction. Several types of credits reduce tax, and some types of credits may exceed tax before credits. Most business expenses are deductible. Individuals may deduct certain personal expenses, including home mortgage interest, state taxes, contributions to charity, and some other items. Some deductions are subject to limits, and an A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Tax
A corporate tax, also called corporation tax or company tax or corporate income tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries. Corporate taxes may be referred to as income tax or capital tax, depending on the nature of the tax. The purpose of corporate tax is to generate revenue for the government by taxing the profits earned by corporations. The tax rate varies from country to country and is usually calculated as a percentage of the corporation's net income or capital. Corporate tax rates may also differ for domestic and foreign corporations. Some countries have tax laws that require corporations to pay taxes on their worldwide income, regardless of where the income is earned. However, most countries have territorial tax systems, which only require corporations to pay taxes on income earned with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of The Treasury
The Department of the Treasury (USDT) is the Treasury, national treasury and finance department of the federal government of the United States. It is one of 15 current United States federal executive departments, U.S. government departments. The department oversees the Bureau of Engraving and Printing and the United States Mint, U.S. Mint, two federal agencies responsible for printing all paper currency and minting United States coinage, coins. The treasury executes Currency in circulation, currency circulation in the domestic fiscal system, Tax collector, collects all taxation in the United States, federal taxes through the Internal Revenue Service, manages United States Treasury security, U.S. government debt instruments, Bank regulation#Licensing and supervision, licenses and supervises banks and Savings and loan association, thrift institutions, and advises the Federal government of the United States#Legislative branch, legislative and Federal government of the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council Of Economic Advisers
The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the president of the United States on economic policy. The CEA provides much of the empirical research for the White House and prepares the publicly-available annual Economic Report of the President. The council is made up of its chairperson and generally two to three additional member economists. Its chairperson requires appointment and Senate confirmation, and its other members are appointed by the President. Activities Economic Report of the President The report is published by the CEA annually in February, no later than 10 days after the Budget of the US Government is submitted. The president typically writes a letter introducing the report, serving as an executive summary. The report proceeds with several hundred pages of qualitative and quantitative research reviewing the impact of economy, economic activity in the previous ye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
