President Richard Nixon met with John N. Mitchell to finalize preparations for the administration's major economic policy announcement, specifically the upcoming wage and price freeze. The two discussed key components of the new program, including tax incentives, budget cuts, revenue sharing, and the decision to close the gold window. They also coordinated the President's schedule, including an upcoming cabinet meeting and the rollout of his national address regarding these fiscal measures.
On August 15, 1971, President Richard M. Nixon and John N. Mitchell met in the President's office in the Old Executive Office Building from 5:04 pm to 5:10 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 273-026 of the White House Tapes.
Nixon Library Finding AidConversation No. 273-26
Date: August 15, 1971
Time: 5:04 pm - 5:10 pm
Location: Executive Office Building
John N. Mitchell talked with the President.
President's previous meeting with unknown people
-Business competition
-Steel industry
President's schedule
-President’s forthcoming announcement
President's forthcoming economic program
-Provisions
-Wage and price freeze
-Taxes
-Investment tax credit
-Repeal of automobile excise tax
-Personal income tax exemption
-Budget cuts
-Revenue sharing
-Timing
-President's schedule
-Cabinet meeting, August 16, 1971
-Arthur F. Burns’ views
-Closing gold window
-Paul W. McCracken
-President's forthcoming speech
-John B. Connally's forthcoming telephone calls
-Provisions
-Wage and price freeze
-Duration
-Import taxThis transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.