The Civil Rights Act Of 1964 Explained | This Day Forward | msnbc
President Lyndon Johnson signs the Tax Cut Bill in Washington DC. HD Stock Footage
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The United States Revenue Act of 1964, also known as the Tax Reduction Act, was a bipartisan tax cut bill signed by President Lyndon Johnson on February 26, 1964. Individual income tax rates were cut across the board by approximately 20%. In addition to individual income tax cuts, the act slightly reduced corporate tax rates and introduced a minimum standard deduction.
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