The wealthiest Americans received the largest tax cuts.
-grad point
Which of the following resulted from the Economic Recovery Act of 1981
False
The wealthiest Americans received the largest tax cuts.-grad point
It was an act "to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes".
An economic crisis
Economic Recovery Act.
Ronald Reagan was one of the most interesting Presidents the United States had during the 80s and 90s. At the beginning of his first term in 1981, Congress passed the Economic Recovery Tax Act.
Economic Recovery Act
The AAA was both relief and recovery because it not only took action to halt the economic depression it also acted as a permanent program to avoid another economic disaster
Economic problems in America
The National Industrial Recovery Act of 1933 authorized the President to intervene on industrial policies and operations. The president would approve off prices increases after deflation in order to bolster economic growth.
Save existing jobs, increase federal funding for unemployment benefits, and increase economic activity.