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 taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. 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.
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