Nixon White House Tapes › Tape 74 › Conversation 074-002
Nixon, Shultz & McCracken
Tuesday, September 14, 1971 · 8:09 AM–10:21 AM ET · Cabinet Room · 1 hr 4 min
Audio
This clip was extracted from the full tape recording by Easy Nixon.
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part A, 44:48
074a.mp3
074b.mp3
NARA Description
On September 14, 1971, President Richard M. Nixon and Republican Congressional leaders, including George P. Shultz, Paul W. McCracken, Herbert Stein, Charls E. Walker, Arnold R. Weber, Hugh Scott, Robert P. Griffin, Gordon L. Allott, Peter H. Dominick, Wallace F. Bennett, Milton R. Young, Jacob K. Javits, Gerald R. Ford, Leslie C. Arends, John B. Anderson, John J. Rhodes, Robert C. ("Bob") Wilson, H. Allen Smith, Robert T. Stafford, Richard H. Poff, Barber B. Conable, Jr., Frank T. Bow, John W. Byrnes, William L. Springer, John D. Ehrlichman, Clark MacGregor, William E. Timmons, Kenneth E. BeLieu, Patrick J. Buchanan, and Gerald L. Warren, met in the Cabinet Room of the White House at an unknown time between 8:09 am and 10:21 am. The Cabinet Room taping system captured this recording, which is known as Conversation 074-002 of the White House Tapes.
Nixon Library Finding Aid
Conversation No. 74-2
Date: September 14, 1971
Time: 8:09 am - unknown before 10:21 am
Location: Cabinet Room
The President met with George P. Shultz, Paul W. McCracken, Herbert Stein, Charls E. Walker,
Arnold R. Weber, Hugh Scott, Robert P. Griffin, Gordon L. Allott, Peter H. Dominick, Wallace
F. Bennett, Milton R. Young, Jacob K. Javits, Gerald R. Ford, Leslie C. Arends, John B.
Anderson, John J. Rhodes, Robert C. (“Bob”) Wilson, H. Allen Smith, Robert T. Stafford,
Richard H. Poff, Barber B. Conable, Jr., Frank T. Bow, John W. Byrnes, William L. Springer,
John D. Ehrlichman, Clark MacGregor, William E. Timmons, Kenneth E. BeLieu, Patrick J.
Buchanan, and Gerald L. Warren
[Recording begins while the conversation is in progress]
Economics
-Corporations
-Tax reform act
-Personal exemption
-Increase in standard deductions, 1972-1973
-Cut in individual taxes
-Low and mid-income brackets
-Domestic International Sales Corporation [DISC]
-House passage
-Plant building abroad
-Tax bias
-Cut down of job exportation
-Revenue costs
-Surcharge
-Revenue increase
-Forthcoming meeting
-Issues covered
-House Ways and Means Committee
-Profits and excess profit tax
-John B. Connally
-Job increases
-Walter W. Heller
-Effect on businesses and individuals
-Tax cuts
-Tax Reform Act
-Automobile excise tax
-1969, 1970, 1971, 1972, 1973 actions
-President’s actions
-Individual income cut
-Corporate tax cutShow the rest of the log (289 more lines)
-Byrnes’ view
-Ways and Means Committee
-Excise tax repeal
-Proposal
-Jobs development training
-Minimum standard deduction raise
-Wilbur D. Mills’ proposal
-Depreciation reform
-Guidelines
-Competitiveness with other countries
-Senate
-Christmas tree tax reduction
-Excise profits tax
-Amendment for Economic Stabilization Act
-Productivity of tax measures
-Overview of economic policy
-Congressional leaders’ views of wage-deferral issue
-Opinion Research Corporation [ORC] poll
-President’s role in development of questions
-High wages and high prices
-Union member
-George Meany
-Democrats
-Critics
-Specific criticism as reflection of general criticism
-President’s program
-Wage-price freeze
-Union members
-Automobiles
-Import tax
-Job development tax credit
-Incentives for new plants and equipment
-Tax cuts
-Federal spending relation to high prices
-Government employees
-Union members
-Revenue sharing
-Foundation
-Public approval
-Opposition
-Results
-Consumers
-Effect on investment, stock market
-Psychology
-Broad public support
-Bipartisan support
-Predicting consumer action
-Retail sales figures
-Business compared to individual consumers
-Investment
-Stock market investors
-Those who invest in job-producing activities
-Stimulus from program
-Business attitude
-Congress
-Budget
-Wage deferral issue
-Politics
-President’s congressional advisors
-The President’s role
-Labor
-Viability of program
-Phase II
-Cooperation of business leaders
-Public opinion
-Announcement in October
-Effectiveness
-Direction
-Political aspects
-President’s speech to Congress, September 9, 1971
-Results
-Public support
-House and Senate members
-President’s role in program support
-Presentation as package
-Congressman Jerome R. Waldie’s efforts
-Federal Employees Wage Comparability Act
-Passage two years previously
-Deferral of recommendation
-Reaction of House and Senate
-Waldie’s introduction of resolution
-Civil Service and Post Office committee
-House action
-Ford’s trip to Puerto Rico
-Speaker of the House
-Scheduling
-Rosh Hashanah
-White House liaison office
-H. R. Gross and Committee members
-Meeting
-Conference after meeting
-Republican unanimity
-Government pay raises
-Productivity
-Volunteers
-Jesse Wilcox and World War II era action
-Office of Price Administration’s [OPA] 47,000 employees
-Wage-price issue
-Stimulus of World War II
-Current freeze program’s brevity
-Public support
-Deferred wage increases
-Democratic support
-Support of outside organization
-Chamber of Commerce
-Resolution
-Effects
-Mobilization
-Leonard Garment
-Common Cause
-Doctrinaire approach
-News media
-Wall Street Journal
-Common Cause
-John W. Gardner
-Partisanship
-Effect on contributors
-Liberalism
-Ideas from constituents
-Support of Common Cause
-Approach to swing Democrats and undecided Republicans
-Wilson
-Government employees
-Wages increase
-Time limit for resolutions
-Senate responsibility
-Pay increase for Congress and executives
-Federal employees’ view
-Legislative machinery governing congressional pay raises
-Outside commission recommendations
-Comparability
-Federal Reserve Board chairman
-Arthur F. Burns and President’s meeting
-Impact of 90-day freeze
-Six month freeze
-After 90 days
-Impact on private sector
-Phase II
-Kansas City settlement of 40%
-Labor and business
-Wage increases
-Three and six months
-Freeze’s effects on federal employees
-Comparability
-Phase II and effects on federal employee
-Recession
-Six month freeze
-General schedule employees
-Wage board employees
-Comparability surveys
-Private sectors
-Study of different pay systems
-Public and private sectors
International monetary and trade issues
-Surcharge
-Reaction from other countries
-US goals in the world marketplace
-Other countries
-The Netherlands, Switzerland
-Response
-Perception of US leadership role
-Comparison with situation in 1947-1948
-Need for new approach
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Japan and Europe
[To listen to the segment (7m9s) declassified on 02/28/2002, please refer to RC# E-555.]
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-International economics
-Temporary policy
-US position
-US economy
-Preparedness for negotiations
-10% investment credit
-President’s proposal
-Small business issues
-Appeal to patriotism
-Wartime situation
-Productivity
-Direct appeal by President to common man
-Preservation of US
-Investment credit issue
-Inconsistency in policies of past presidents
-Firms and industries competition
-Stance
-Byrnes
-Major industrial competitors
-Europe’s effectiveness
-Government and business cooperation
-Japan
-Germans
-United front
-US role
-Support of US business abroad
-Agricultural products
-Support of business
-Productivity
-New plant equipment
-Japanese and German progress
-Use of taxes
-Acceleration in depreciation
-US action
-Byrnes, Bennett
-Job development, depreciation options
-Examination of US plan
-Competition-domestic and foreign
-US tax program
-Plant development
-[Peter G.?] Peterson’s views
-President’s State of the Union message
-Appeal
-Main point and response
-Republicans
-Democrats
-Time to emphasize US
-Walker’s views
-Ways and Means Committee
-Byrnes
-Members
-Investment credit support
-Automobile tax
-Members’ reaction
-Proposal on credit
-Automobile exception
-Senate and House
-Minimum standards
-Depreciation issue
-Ways and Means Committee
-Chairman
-Politics
-Legislation
-Congress
-Possible salutary effects
-Effects on business
-Congressional action
-Health care legislation
-Cooperation
-Dominick
-Schedules
-Conclusion to meeting
-Forthcoming agricultural group
-President’s appreciation of support
-Weber
-Wage-price freeze
-International monetary system
-Suddenness of announcement of wage-price freeze action
President’s call to Nelson A. Rockefeller
-Rockefeller’s call to the President
-Attica prison uprising
-Captors demands
-Amnesty
-Rockefeller’s action
-Blacks
-The President’s conversation with White House employee in
elevator
-George Jackson’s San Quentin escape attempt
-Stance in negotiations
-Conable, Javits
-Hostages’ fate
-Careful planning
-Amnesty
Draft bill
-Filibuster
-Action in Congress
-Conference in House
-Vote in House
-Congress committee
-The President’s forthcoming meeting with Allott and Arends on the Selective
Service Conference report
-Conversation with Michael J. (“Mike”) Mansfield about filibusters
-Car buying
The President left at 10:07 am; unknown members of meeting remained
[General conversation/Unintelligible]
The unknown people left at an unknown time before 10:21 amTranscript (AI-generated)
No transcript is available yet for this conversation.
Also recorded on September 14, 1971
- 572-002 8:09 AM · 1 min — United States Secret Service agents met in the Oval Office of the White House at an unknown time between 8:09 am and 10:07 am.
- 074-003 10:07 AM · 4 min — Stephen B. Bull and unknown person(s) met in the Cabinet Room of the White House at an unknown time between 10:07 am and 10:21 am.
- 074-004 10:07 AM · 29 min — President Richard M. Nixon and the Committee to Form a National Health Education Foundation, including Joseph Wilson, Joseph A. Beirne, Dr. M. Alfred Haynes, Richard McGall, J. Alexander McMahon, Walter J. McNerney, A. C. Nielson, Jr. Dr. Joseph T. Painter, Wrede Petersmeyer, Charles A. Siegfried, David Seymour, Dr. Irving Shapiro, Scott Simonds, J. Henry Smith, Dr. Melvin K. ("Morty") Duval, Dr. Robert Laur, Victor Wiengarten, Josee Laventhal, Linda Brannick, Grace Urrows, Howard Ennes, Dr. Peter Warter, Peter Meek, Levitt Mendel, Clarence Pearson, Dr. George Wheatley, Caesar Brancini, Stanley S. Scott [?], the White House photographer, and members of the press, met in the Cabinet Room of the White House at an unknown time between 10:07 am and 10:51 am.
- 572-003 10:07 AM · 13 min — President Richard M. Nixon, Gordon L. Allott, Leslie C. Arends, Clark MacGregor, Kenneth E. BeLieu, and unknown person(s) met in the Oval Office of the White House from 10:07 am to 10:21 am.
- 572-004 10:21 AM · 35 sec — United States Secret Service agents met in the Oval Office of the White House at an unknown time between 10:21 am and 10:51 am.
- 572-005 10:51 AM · 16 min — President Richard M. Nixon, Francis J. Galbraith, and Alexander M. Haig, Jr. met in the Oval Office of the White House from 10:51 am to 11:07 am.
- 075-001 11:07 AM · 1 hr 24 min — President Richard M. Nixon and agricultural leaders, including William J. Kuhfuss, John W. Scott, Robert C. McInturf, Tony C. DeChant, Oren Lee Staley, Clifford M. Hardin, and Clarence D. Palmby, met in the Cabinet Room of the White House at an unknown time between 11:07 am and 9:50 pm.
- 572-006 11:07 AM · 59 sec — United States Secret Service agents met in the Oval Office of the White House at an unknown time between 11:07 am and 12:37 pm.
Cite this conversation
Conversation 074-002, September 14, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/074-002 (accessed November 2, 2026).