December 31, 1974 Issues In Federal Tax Revision: Tax Developments in 1974 Print this page Subscribe Support our work Download Special Report No. 38–Issues In Federal Tax Revision: Tax Developments in 1974 Tax Foundation Special Report No. 38 After a two-year drive for substantial “reform” in the Federal tax system, the 93rd Congress adjourned without enacting any major tax changes. The Committee on Ways and Means examined voluminous records of testimony and data on alternative methods of tax revision, and spent most of the year 1974 in an eventually unsuccessful attempt to reach agreement on a broad measure, the “Tax Reform Bill of 1974.” A massive agenda of unresolved issues stems likely to serve as spadework for the new Congress, once current “emergency” tax questions are resolved. The issues are complex and intricate, as well as controversial. Topics Center for Federal Tax Policy Business Taxes Corporate Income Taxes Individual Tax Expenditures, Credits, and Deductions Research Tags Tax Reform
