Need help: Nixon's delayed scheduled reduction in telephone and auto excise taxes

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Hello everyone,
I'm writing with the hopes that someone can explain to me, in simple terms, what it meant precisely -- Nixon's delayed scheduled reduction in telephone and auto excise taxes. OK, I understand the meaning of every word and even know what excise taxes are:)) but fail to grasp the entire thing. Am a non-American and even not a native English speaker, just doing a piece of translation where this is mentioned and google doesn't bring any explanations. Thanks in advance!
 
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