It game the president wider powers to take military action in Vietnam, yes. It's more complicated than what you say, and did not formally grant the president the power to declare war.
http://www.history.com/topics/vietnam-war/gulf-of-tonkin-resolution
Explain how the Gulf of Tonkin Resolution affected the powers of Congress and the presidency.
A: The Gulf of Tonkin Resolution affected the balance of power between Congress and the presidency by handing the war powers from Congress over to the president.
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