Tax Adjustment Act of 1966

The Tax Adjustment Act of 1966 was one of several major tax enactments by the United States Congress in 1966. Among other things, it modified the withholding of taxes: instead of a 14% withhold rate, it introduced a graduated rate through 30%. Also, it added section 3402 to the Internal Revenue Code, allowing a taxpayer to elect additional withholding allowances. Also, it introduced section 276 to the Code, allowing a deduction for payments made for advertising in political programs or admission charges to political conventions.

Other significant tax legislation in 1966 included the Foreign Investors Tax Act of 1966, the Act Suspending the Investment Credit and Accelerated Depreciation and the Federal Tax Lien Act.

References

Commentary on 1966 Federal Tax Legislation

United States federal taxation legislation

Internal
Revenue

Tariffs

Lyndon B. Johnson

36th President of the United States (1963–1969)
37th Vice President of the United States (1961–1963)
U.S. Senator from Texas (1949–1961)
U.S. Representative for TX–10 (1937–1949)

Presidency
(timeline)

Foreign policy	Johnson Doctrine Dominican Republic occupation Vietnam War Gulf of Tonkin Resolution "Credibility gap" Glassboro Summit Operation CHAOS Outer Space Treaty
Economic policy	Administrative Conference of the United States Architectural Barriers Act Child Nutrition Act Coinage Act of 1965 U.S. Department of Housing and Urban Development U.S. Department of Transportation Consumer Credit Protection Act of 1968 Truth in Lending Act Federal-Aid Highway Act of 1968 Housing and Urban Development Act of 1968 Ginnie Mae National Flood Insurance Act of 1968 National Flood Insurance Program Radiation Control for Health and Safety Act of 1968 Urban Mass Transportation Act of 1964 Urban Mass Transportation Administration High-Speed Ground Transportation Act of 1965 National Traffic and Motor Vehicle Safety Act Cigarette Labeling and Advertising Act Wholesome Meat Act Fair Packaging and Labeling Act Revenue Act of 1964 Tax Adjustment Act of 1966 Revenue and Expenditure Control Act of 1968 Williams Act
Environmental policy	Wilderness Act Motor Vehicle Air Pollution Control Act of 1965 Rivers and Harbors Act of 1965 Clean Waters Restoration Act National Wildlife Refuge System Administration Act of 1966 Air Quality Act of 1967 Land and Water Conservation Fund National Wild and Scenic Rivers System
Great Society/ War on Poverty	Economic Opportunity Act of 1964 Community Action Agencies Head Start Job Corps Office of Economic Opportunity Elementary and Secondary Education Act Model Cities Program Social Security Amendments of 1965 Medicare Medicaid Older Americans Act National Historic Preservation Act National Register of Historic Places National Historic Landmark State Historic Preservation Office VISTA Food Stamp Act of 1964 Food Stamp Program Higher Education Act of 1965 Upward Bound TRIO Teacher Corps Bilingual Education Act National Endowment for the Arts National Endowment for the Humanities Public Broadcasting Act of 1967 Corporation for Public Broadcasting PBS NPR Economic Development Administration
Social policy	White House Conference on Civil Rights Cannabis policy Executive Order 11246 Executive Order 11375 Civil Rights Act of 1964 Equal Employment Opportunity Commission Voting Rights Act of 1965 Immigration and Nationality Act of 1965 Civil Rights Act of 1968 Gun Control Act of 1968 Omnibus Crime Control and Safe Streets Act of 1968 Law Enforcement Assistance Administration Uniform Time Act