The tax reform laws of 1981,1986, and 2001-2003 were significant because they

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The tax reform laws of 1981, 1986, and 2001-2003 significantly reduced the progressiveness of the federal income tax. This means that the tax burden was shifted from higher-income earners to lower-income earners, making the tax system less progressive overall. This was done through various measures such as lowering tax rates, increasing the standard deduction, and eliminating certain deductions and credits.

The Tax Reform Laws of 1981,1986, and 2001-2003 Were Significant