What did the Economic Recovery Tax Act of 1981 do?

a.

Increased taxes on businesses.

c.

Decreased taxes for individuals and businesses.

b.

Reduced the value added tax to 10%.

d.

Placed a surcharge on the alternative minimum tax.

C.

Because 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".