Gramm-latta Budget
The
Gramm-Latta Budget
1981
and the
Gramm-Latta Omnibus Reconciliation Bill
of
1981
implemented President
Ronald Reagan
's economic program. This included an increase in
military spending
and some minor cuts in discretionary and entitlement spending. The law also mandated the 1981
Kemp-Roth Tax Cut
.
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