Tax policy and economic inequality in the United States tax year 1963) to 77% (for tax year 1964) and 70% (for tax year 1965) for annual incomes of $1.4 million+. It was the first tax legislation to reduce the top end of the marginal income tax rate distribution since 1924. The top marginal income tax rate had been 91% since 1946 and had not been below 70% since 1936. The "Bush Tax Cuts," which are the popularly known names of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 passed during President George W. Bush's first term,
History of the socialist movement in the United Kingdom tax. For the first time in the decade, socialists were able to organise effective opposition, culminating in the "Poll tax riot" on 31 March 1990. Margaret Thatcher's own party compelled her to step down on 22 November that year, and she was replaced by John Major, who abolished the charge in 1991. The CPGB dissolved itself in 1991, although their former newspaper, the "Morning Star", continues to be published and follows the programme of the Communist Party of Britain which was founded in 1988 after an internal crisis in the CPGB led to a split. The Eurocommunists, who had controlled