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

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NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. June-08)

-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

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NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. June-08)

-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

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NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. June-08)

-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

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NIXON PRESIDENTIAL LIBRARY AND MUSEUM

Tape Subject Log

(rev. June-08)

-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.