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Economy

Johnson signs the Revenue Act of 1964

President Johnson signed the Revenue Act of 1964 into law, enacting significant across-the-board reductions in individual and corporate income tax rates.

Johnson signs the Revenue Act of 1964

The tax cut, a key element of Kennedy-era economic policy carried out by Johnson, is credited with stimulating economic growth in the mid-1960s and shaping U.S. fiscal policy during the Great Society era.

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