History of the United States II / Unit 16 USH2 2256 short lesson, about 20 seconds
The Tax Cut of 1981
Captions available
The idea
On July twenty-ninth, nineteen eighty-one, Congress passed the Economic Recovery Tax Act, phasing in a twenty-five percent cut in taxes over three years.
In practice
Cuts of five percent in the first year and ten in each of the next two, as Digital History gives them.
Where people slip
The Yawp says the bill reduced overall federal taxes by more than a quarter.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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