Tax Reduction and Economic Growth Act of 1995

Tax Reduction and Economic Growth Act of 1995 - Authorizes the President to issue a declaration that a temporary reduction in the rates of the first income bracket no greater than 3 percent are required if the Director of the Office of Management and Budget finds that: (1) the annual rate of the Gross Domestic Product is less than 1.5 percent; and (2) the adjusted national unemployment rate is higher than 6.5 percent.