Economic Recovery Tax Act of 1981

The Economic Recovery Tax Act of 1981, also known as the ERTA or "Kemp-Roth Tax Cut", was a federal law signed into law in the United States in 1981. 
It was an act "to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes".