The presidency of Richard Nixon began at noon EST on January 20, 1969, when Richard Nixon was inaugurated as 37th President of the United States, and ended on August 9, 1974, when he resigned in the face of almost certain impeachment and removal from office, the only U.S. president ever to do so. Nixon took office after the 1968 presidential election, in which he defeated incumbent Vice President Hubert Humphrey. Although Nixon had built his reputation as a. In December 1969, Nixon somewhat reluctantly signed the Tax Reform Act of 1969 despite its inflationary provisions; the act established the alternative minimum tax, which applied to wealthy individuals who used deductions to limit their tax liabilities. In February 1971, Nixon proposed a more limited package of health care reform, consisting of an employee mandate to offer private health insurance if employees volunteered to pay 25 percent of premiums, the federalization of Medicaid for poor families with dependent minor children, and support for health maintenance organizations (HMOs).
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