Conversation: 822-008
Prev:  822-007 Next: 822-009Start Date: 13-Dec-1972 3:48 PM
End Date: 13-Dec-1972 4:13 PM
Participants:
Nixon, Richard M. (President); Shultz, George P.; Cohen, Edwin S.; Engman, Lewis A.; Recording Device: Oval Office
NARA Description:
On December 13, 1972, President Richard M. Nixon, George P. Shultz, Edwin S. Cohen, and Lewis A. Engman met in the Oval Office of the White House from 3:48 pm to 4:13 pm. The Oval Office taping system captured this recording, which is known as Conversation 822-008 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 822-8 Date: December 13, 1972 Time: 3:48 pm – 4:13 pm Location: Oval Office The President met with George P. Shultz, Edwin S. Cohen and Lewis A. Engman. Greetings -Shultz’s birthday Department of the Treasury -Personnel -Ages -Staff meeting -Cohen and Shultz -Support for Cohen -16- NIXON PRESIDENTIAL LIBRARY AND MUSEUM Tape Subject Log (rev. June-08) Conversation No. 822-8 (cont’d) -John H. Alexander’s and Randolph Hobson Guthrie conversation with the President in New York -Cohen’s career -Teaching -Tax bar -Special interests -Respect Taxes -Wilbur H. Mills -1972 campaign -Mills -Demagoguery -Property -Private school aid -Mills -Ways and Means Committee -Constituents -Democratic Study Group -Control -Mills’s possible position as Speaker of the House -Sam M. Gibbons of Florida Advisory Commission on Intergovernmental Relations [ACIR] -Referral of questions -Timing -Draft report -Property taxes -Private school aid -Recommendation Four -The President’s statements -Recommendation Two -Household income -Federal income tax credit -Compared to Federal grants to states -“Circuit breaker” plans -1972 election -Governors’ and mayors’ view -Internal Revenue Service [IRS] -Cost -17- NIXON PRESIDENTIAL LIBRARY AND MUSEUM Tape Subject Log (rev. June-08) Conversation No. 822-8 (cont’d) -Compared to Federal grants to states -Matching grants -Governors, mayors -Political considerations -Meeting with John B. Connally -Radicals -Simplification of tax code -Options -Budget -Congressional relations -Committees -Mills -Value-added tax [VAT] -Recommendations Five and Six -Proposal -1972 -Alternative A -Recommendation Four -Intrastate disparities -Recommendation Five -Recommendation Six -Shultz’s schedule -Meetings with Mills and Russell B. Long -William E. Simon -Tax policy -Trade -1972 election -Congressional relations -Democrats -Private school aid -Property taxes -Elderly -Federal-state credit -1972 election -Income floor -Northeastern poor and retired families -Cohen’s property in Denmark, Maine -Helen (Herz) Cohen -Girls’ camp -Congressional relations -18- NIXON PRESIDENTIAL LIBRARY AND MUSEUM Tape Subject Log (rev. June-08) Conversation No. 822-8 (cont’d) -The President’s meeting -1972 election Tax issues -Investment tax credit -Accelerated depreciation -Revenue estimates -Asset Depreciation Range [ADR] -Companies election to take -Savings -Forthcoming meetings -Ehrlichman, Simon -Broad options -Simplification of tax code -Minimum taxes -Increase -1972 election -Individuals -Capital gains -Compared to depletion of farming, accelerated depression -Companies -Oil -Timber -Capital gains -Increase -Elderly -Schools -Necessity -Congressional relations -Senate bill -Alternative -Finance Committee White House gifts -Ash trays Cohen’s age -Retirement Milton Friedman -19- NIXON PRESIDENTIAL LIBRARY AND MUSEUM Tape Subject Log (rev. June-08) Conversation No. 822-8 (cont’d) -Conversation with Shultz -Health Return of memoranda to Shultz -Approval -Mistakes The President’s schedule -Meeting with Henry M. (“Scoop”) Jackson Shultz, Cohen and Engman left at 4:13 pm.