December 31, 1975 Issues In Federal Tax Revision: Tax Developments in 1975 Print this page Subscribe Support our work Download Special Report No. 39–Issues In Federal Tax Revision: Tax Developments in 1975 Tax Foundation Special Report No. 39 Shortly after it convened in January, the 94th Congress began consideration of what is expected to be a three-step program of tax revision: (1) anti-recession tax reductions; (2) energy-related tax changes; and (3) general tax “reform.” The first phase of this program was completed with the signing of “The Tax Reduction Act of 1973” by President Ford on March 29. Topics Center for Federal Tax Policy Business Taxes Corporate Income Taxes Individual Income and Payroll Taxes Research Tags Tax Reform