Reagan signs the Tax Reform Act of 1986

Name: Reagan signs the Tax Reform Act of 1986
Start: 1986-10-22
Location: United States

President Reagan signed the Tax Reform Act of 1986, a bipartisan overhaul that lowered individual marginal tax rates, broadened the tax base, and eliminated many deductions and shelters.

The act was the most significant U.S. tax code rewrite in decades, reshaping federal revenue policy, simplifying aspects of tax law, and altering incentives across the economy.

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Event Details

Date: October 22, 1986
President: Ronald Reagan
Category: Legislation
Era: Cold War Era

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