Question 1
The Economic Recovery Tax Act of 1981 stipulated that individual income tax be cut ________ over three years.
◦ 5%
◦ 15%
◦ 25%
◦ 50%
Question 2
The Economic Recovery Tax Act of 1981 ________ in a way that was designed to stimulate capital investment.
◦ eliminated personal taxes
◦ cut corporate taxes
◦ increased government spending
◦ All of these