Conversation No. 772-12

Date: September 7, 1972
                                             40

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Oct-06)

Time: 3:36 pm - 4:28 pm
Location: Oval Office

The President met with Robert P. Griffin, Mickey S. Lolich and Thomas C. Korologos.

[The White House photographer was present at the beginning of the meeting.]

            Greetings

            Introductions

            Baseball
                -Length of season
                -Carl M. Yastrzemski
                     -Pitching by Lolich
                     -Average
                          -Swing
                     -Visit to White House
                     -Work with children
                -Al Kaline
                -Baltimore Orioles
                     -Victories

            Presidential gifts
                -Cufflinks
                     -Presidential seal
                -Pin
                     -Presidential seal

            Visit to the White House by Detroit Tigers baseball team
                -Date
                -Wives
                -The President's visit with Lolich's wife
                      -World Series game
                          -Michigan

            Presidential gifts
                -Golf ball
                -Kaline

            Allen J. Ellender
                                                 41

                      NIXON PRESIDENTIAL MATERIALS STAFF

                                        Tape Subject Log
                                          (rev. Oct-06)


Stephen B. Bull entered at an unknown time after 3:36 pm.

             The President’ schedule
                 -Arthur F. Burns

Bull left at an unknown time before 3:42 pm.

             Lolich's background
                 -Croatians
                      -The President's trip to Belgrade
                 -Lolich's father
                      -Lolich on a motorcycle

Burns and George P. Shultz entered at an unknown time after 3:36 pm.

             Introductions
                  -Money

             Economic condition
                -Percent
                -Baseplayers' salaries
                    -Wage and price freeze

Griffin, Lolich and Korologos left at 3:42 pm.

             Shultz's introduction to Lolich
                 -H.R. (“Bob”) Haldeman
                 -Winning game
                       -Number

             The President’s schedule

             Request for a photograph

Sanchez entered at an unknown time after 3:42 pm.

             Refreshments

Sanchez left at an unknown time before 4:28 pm.
                                42

         NIXON PRESIDENTIAL MATERIALS STAFF

                         Tape Subject Log
                           (rev. Oct-06)

Economic policy
   -Spending ceiling
        -The President's possible conversation with Wilbur D. Mills
             -Burns's analysis
        -Mills's support for the President
             -Support of US
        -The President's possible conversation with Mills
             -Political situation
        -Debt ceiling bill
             -Shultz's meetings with George H. Mahon and Mills
        -Senate
             -Debt ceiling bill
        -$200 billion ceiling
             -Mahon's analysis
                  -Effect on programs
        -The President's analysis
             -Possible impoundment
             -Effect on Congress
        -Debt ceiling hearings
             -Amount of money
                  -Estimate of debts
                       -Shultz’s view
                       -Time duration
             -Burns
        -Mills's view
             -Domestic financial markets
             -International financial markets
   -International Monetary Fund [IMF] meetings
        -The President's appearance
             -Statement
                  -Herbert Stein's preparation
             -The President's knowledge of subject
             -Prepared notes by Treasury staff
        -The President's statement
             -Idea of selling the President's proposal to press
                  -Edward Dale
                  -Wall Street Journal
                       -Election year
        -The President as target by critics
        -Shultz's speech compared with the President's speech
             -Content
                                  43

         NIXON PRESIDENTIAL MATERIALS STAFF

                         Tape Subject Log
                           (rev. Oct-06)


US international economic policies
    -Shultz and Burns proposal
        -William P. Rogers
        -Stein
    -Rogers
        -US proposals
             -Effect on foreign markets
    -Burns’s analysis
        -Relationship between US and foreign economic markets
    -Japan
        -Kakuei Tanaka
        -Relationship with US
        -US 1972 election
             -Effect
        -Burns’s possible visit to Japan
             -Effect
             -Hawaii
        -Relationship with Europe
        -Henry A. Kissinger’s office
        -Tanaka
             -Background
             -Knowledge
    -US relationship with various foreign countries
        -Europe
        -Japan
        -Canada
        -Trip to Latin America by Burns
             -Mexico
             -Brazil
             -Argentina
    -Latin America
        -Invitation of governors of central bank of foreign countries
             -Brazil
             -Argentina
             -Colombia
             -Venezuela
             -Peru
                  -Columbia
                  -Mexico
                      -Trip by Burns
                            44

    NIXON PRESIDENTIAL MATERIALS STAFF

                    Tape Subject Log
                      (rev. Oct-06)

     -Trip to Mexico City by Burns
         -Date
         -The President’s view
     -Chile
-Social invitation
     -Burns
     -Foreign diplomats and ambassadors
     -Financing of luncheon
         -State Department
              -Diplomacy
                   -Great Britain
-Latin America
     -Report by Burns
     -Trip
     -Argentina
         -Gen. Juan Domingo Peron
         -Relationship with US
              -Financial organization
                   -Governor of Central bank
                     -Credentials
                     -Burns’s view
                   -Burns’s conversation with economic advisors
     -Brazil
     -Peru
     -Brazil
         -Burns’s view
              -Capitalism
         -Type of government
     -Expropriation
         -The President’s view
              -Honduras
              -Peru
              -Argentina
         -Burns’s view
-State Department
     -Radicals in foreign countries
         -Chile
     -Relationship with Brazil
-Latin America
     -The President’s view
         -Uruguay
                                               45

                      NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Oct-06)

                          -Autocratic governments
                     -Emilio Garrastazu Medici
                          -Conversation with Burns
                               -US press stories of countries in Latin America
                                    -Criticism of governments by US press
                                      -Political prisoners
                     -Political prisoners
                          -Chile
                     -Terrorism
                     -History
                          -The President’s view
                     -Medici
                          -Conversation with Burns
                               -American businessmen
                                    -Burns
                               -Private enterprise and foreign investments
                 -Brazil
                     -The President’s view
                          -Type of country
                 -Secretary of Treasury
                     -Trips
                          -Europe

             Israel
                  -Olympics raid in Munich

Stephen B. Bull entered at an unknown time after 3:42 pm.

             The President’s schedule
                 -Forthcoming meeting with congressional leaders
                 -Photographer

Bull left at an unknown time before 4:28 pm.

             Middle East
                -Israel
                     -Burns’s view
                     -Possible retaliation
                         -Beirut
                -Burns’s trips abroad
                     -Types of people
                                46

        NIXON PRESIDENTIAL MATERIALS STAFF

                        Tape Subject Log
                          (rev. Oct-06)

    -Israelis
    -Arabs
    -Murder of Israeli Athletes at Olympic Games in Munich
         -Terrorists
    -Lebanon
    -Arabs
         -US relationship
         -Actions by Israel
              -Need for negotiations
              -Possible result of peace efforts
         -US relationship
              -1972 Presidential election
              -Idea of progress in relationship and timing
                  -Kissinger
         -US relationships
              -Jordan, Lebanon, Iran and Saudi Arabia
         -Soviet Union
              -Relationship with Egypt, Syria, and Iraq
    -Israel
         -Relationship toward Soviet Union
              -US–Soviet Union relationship
         -US relationship
              -Rogers
                  -Efforts by US towards Israel
                       -Kissinger
              -1972 election

US economic policies
    -Taxes
        -1972 election
            -McGovern
                 -Strategy
                 -Corporations
                 -Individuals
                 -Mills
                 -McGovern’s budget
                 -Tax proposals
                      -Burns’s view
                        -Type of plan
                 -Attack on the President
                      -Sales tax and value-added tax [VAT]
                                               47

                     NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Oct-06)

                                      -Burns’s view
                                      -Political weights
                     -The President's position
                           -Increase of taxes
                 -Tax reform
                     -Minimum tax proposal
                     -Municipal securities
                     -Capital gains taxes
                     -Idea of satisfying sense of equity
                 -Idea of raising taxes
                 -Minimum tax proposal
                     -Shultz’s view
                           -Tax shelters
                                -McGovern
                 -Perception of current policy

John D. Ehrlichman entered at an unknown time after 4:07 pm.

                     -Tax reform program
                 -Ehrlichman's statements at press conference
                     -VAT
                     -Governors and mayors
                     -Advisory Committee on Intergovernmental Relations
                      [ACIR]
                          -Position on VAT
                               -Ehrlichman’s comments
                               -The President's administration
                                   -Tax increase
                          -Tax substitution
                     -Tax Reform Act of 1969 and 1971
                          -The President's tax policies
                               -Poor
                               -Elderly people
                               -Reducing lower income brackets
                               -Taxes on corporations
                               -Equity
                     -ACIR
                          -Problems with study on VAT
                               -ACIR conclusions
                 -Sales tax or VAT
                     -Election year
                            48

    NIXON PRESIDENTIAL MATERIALS STAFF

                    Tape Subject Log
                      (rev. Oct-06)

         -McGovern's position
             -Tax increases
-McGovern's policies
    -Spending increases
         -Programs
    -Military budget
    -Welfare program
    -Other programs
         -Results as a tax increase
-Question of who will be affected by a minimum tax
    -Type of revenue
         -Amount
             -Burns’s view
    -Tax shelter industry
    -Individuals affected by tax increase
         -Burns’s view
         -Salaries of $50,000 or above
         -The President's position
             -Idea of politics
         -Salaries of $15,000-25,000
         -Public relations aspects
    -1969 proposal
         -Revisions
    -Depletion allowances
    -Tax preferences
    -Tax laws
         -Democratic Congress
             -Raising taxes
         -Current tax percentage
             -People affected by tax increase
                  -Public relations
                  -Burns’s view
-Tax increases
    -Administrations position
    -McGovern’s view
    -Tax reform compared with tax increase
-1972 Presidential campaign
-Ehrlichman's transcript of press briefing
    -McGovern compared with Nixon position
         -Tax increases
-Tax increases
                                                 49

                      NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Oct-06)

                      -Individuals in high income brackets
                          -The President’s view
                          -1969 proposal to Congress
                               -Savings
                                    -Additional spending
                               -Office of Economic Opportunity [OEO]
                               -Community action
                      -Relief on property taxes
                 -The President's position
                      -Tax reform compared with tax increase
                 -Tax increase
                      -People with mid-level income
                      -Tax decreases
                          -Property taxes
                          -Result of both positions
                 -Property tax
                      -Revenue sharing
                 -The President's previous conversation with Shultz
                      -IMF
                      -Meeting between the President, Shultz, Ehrlichman,
                       and Burns
                          -Political considerations
                 -Status quo
                      -Burns’s view
                 -Economic discussions
                      -Edwin S. Cohen
                          -Contributions to discussions
                               -Tax issue

             The President's schedule
                 -Meeting with Senators
                     -Photographs
                 -Meeting between Shultz, Ehrlichman, and Burns
                     -Location
                          -Cabinet Room

Shultz, Burns, and Ehrlichman left at 4:28 pm.