Question

Which of the following resulted from the economic recovery act of 1981? the government increased funding for federal agencies to regulate industry. the budget deficit decreased and unemployment dropped. the wealthiest americans received the largest tax cuts. congress introduced new social welfare programs?

Answer 1

The wealthiest Americans received the largest tax cuts

Answer 2

By definition, the Economic Recovery Tax Act Of 1981 was a federal policy that was implemented in order to decrease the income tax rates. In addition, the program also provided financial aid to small-scale businesses. Another name or this is the Kemp-Roth Tax Cut.