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[Arkansas]
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118571196
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[Arkansas]
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Records of the Office of the Chief of Staff (Reagan Administration)
James Baker's Unanswered Correspondence Files
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Ronald Reagan Presidential Library
Digital Library Collections
This is a PDF of a folder from our textual collections.
Collection: Baker, James A.: Files
Folder Title: [Arkansas]
Box: 12
To see more digitized collections
visit: https://reaganlibrary.gov/archives/digital-library
To see all Ronald Reagan Presidential Library inventories visit:
https://reaganlibrary.gov/document-collection
Contact a reference archivist at: [email protected]
Citation Guidelines: https://reaganlibrary.gov/citing
National Archives Catalogue: https://catalog.archives.gov/
P. O. BOX 1420
PHONE UN 2-1368
ROBERT E. "BOB" ADAIR, INC.
OILFIELD CONTRACTOR
PETROLEUM ENGINEER
EL DORADO, arkansas
December 28, 1984
Ronald Reagan, President
The White House
Washington, D.C. 20500
President Reagan:
The purpose of this letter is to state my very serious objection
to the Treasury Tax Reform Proposals for the Petroleum Industry.
The Petroleum Industry cannot exist should the tax reform include
percentage depletion being replaced with cost depletion; Intangi-
ble drilling cost deduction repealed, and the Investment Tax Credit
repealed. I request that you publicly reject these provisions.
Thanking you for your consideration and cooperation regarding the
problems of our industry.
Sincerely,
Bplut s.
Robert E. Adair
Oil & Gas Producer
RA/mh
Lowery Oil Company
P.O. Box 2168 AC 501 862-0121
407 X Jackson E/ Dorado, AR 71730
December 19, 1984
The President
The White House
Washington DC
20500
Dear Mr. President:
As an independent producer, frankly I am alarmed at some of the tax
proposals being discussed, and I respectfully urge your strong opposition
to the proposal regarding oil and natural gas.
I am concerned because if Intangible Drilling Costs and the Depletion
Allowance are tampered with, it is apparent that not only will investment
dollars flow away from our industry, production of both oil and gas will
decline. In addition, imported crude and crude oil products will destroy
the market for both producers and refiners, and once again our nation will
become vulnerable to foreign manipulation. Our drilling capital is already
being drained by the so-called Windfall Profits Tax. The elimination of
IDC and Depletion will just compound the deficiency.
As Union County Republican Chairman, I, along with others, worked hard
for your overwhelming election victory. Much of that support came from
independent oil and gas producers. Please don't let us down on this most
important issue.
Yours very truly,
Joh Z
John T. Lowery, Jr.
JTLJr:tf
CC: Edwin Meese, III, Counselor to the President
James A. Baker, III, Chief of Staff
Basham
December 10, 1984
Frop
James A. Baker III, Chief of Staff and Assistant to the President
The White House, 1600 Pennsylvania Avenue, N.W.
Washington, D. C. 20500
RE: Treasury Department Tax Reform Proposals
Dear Dear Mr. Baker,
I urge you to immediately take a strong position against
the tax reform proposals recently issued by the U. S.
Department of Treasury. The uncertainty of future legis-
lation is causing havoc in the investment community.
This uncertainty is likely to result in an acceleration
of the recessionary pressures already building in the pre-
sent economic climate.
I believe that if enacted, certain provisions contained
in the Treasury proposal would create a disincentive for
capital formation, thus greatly damaging the economy of
the United States. This in turn will cripple the construc-
tion and development industries and higher rents for millions
of tenants across the United States. The proposal is
economically damaging and ineffectual and conflicts with
the underlying philosophy of the Reagan administration
and re-election. I, therefore, urge you, in the strongest
terms, to publicly oppose the recent Treasury proposal.
Very truly yours,
Dren Baha
Drew Basham
DB/dg
Basham and Company/Realtors
Suite 101, 2024 Arkansas Valley Drive
Little Rock, Arkansas 72212/Telephone 501-224-6006
CAPITAL RESOURCES, INC.
MEMBER N.A.S.D. AND S.I.P.C.
FIRSTSOUTH BUILDING
P.O. BOX 34153
3rd AND SPRING STREETS
LITTLE ROCK, ARKANSAS 72203-4153
501-376-2708
December 14, 1984
Mr. James A. Baker III
Chief of Staff and Assistant to the President
The White House, 1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
Re: Treasury Department Tax Reform Proposals
Dear Mr. Baker:
I urge you to immediately take a strong position against the tax
reform proposals recently issued by the U.S. Department of Treasury.
The uncertainty of future legislation is causing havoc in the investment
community. This uncertainty is likely to result in an acceleration
of the recessionary pressures already building in the present economic
climate.
I believe that if enacted, certain provisions contained in the Treasury
proposal would create a disincentive for capital formation, thus
greatly damaging the economy of the United States. This in turn will
cripple the construction and development industries resulting in the
loss of millions of jobs, and ultimately creating a severe housing
shortage and higher rents for millions of tenants across the United
States. The proposal is economically damaging and ineffectual and
conflicts with the underlying philosophy of the Reagan administration
and re-election. I, therefore, urge you, in the strongest terms, to
publicly oppose the recent Treasury proposal.
Very truly yours,
John B. Landers
President
FIRST REAL ESTATE, INC.
FIRSTSOUTH BUILDING
P.O. BOX 34153
3rd AND SPRING STREETS
LITTLE ROCK, ARKANSAS 72203-4153
501-376-2708
December 14, 1984
Mr. James A. Baker III
Chief of Staff and Assistant to the President
The White House, 1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
Re: Treasury Department Tax Reform Proposals
Dear Mr. Baker:
I urge you to immediately take a strong position against the tax
reform proposals recently issued by the U.S. Department of Treasury.
The uncertainty of future legislation is causing havoc in the investment
community. This uncertainty is likely to result in an acceleration
of the recessionary pressures already building in the present economic
climate.
I believe that if enacted, certain provisions contained in the Treasury
proposal would create a disincentive for capital formation, thus
greatly damaging the economy of the United States. This in turn will
cripple the construction and development industries resulting in the
loss of millions of jobs, and ultimately creating a severe housing
shortage and higher rents for millions of tenants across the United
States. The proposal is economically damaging and ineffectual and
conflicts with the underlying philosophy of the Reagan administration
and re-election. I, therefore, urge you, in the strongest terms, to
publicly oppose the recent Treasury proposal.
Very truly yours,
Pam Alexander
Pam Alexander
Senior Vice President
FIRST PROPERTIES, INC.
FIRSTSOUTH BUILDING
P.O. BOX 34153
3rd AND SPRING STREETS
LITTLE ROCK, ARKANSAS 72203-4153
501-376-2708
December 14, 1984
Mr. James A. Baker III
Chief of Staff and Assistant to the President
The White House, 1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
Re: Treasury Department Tax Reform Proposals
Dear Mr. Baker:
I urge you to immediately take a strong position against the tax
reform proposals recently issued by the U.S. Department of Treasury.
The uncertainty of future legislation is causing havoc in the investment
community. This uncertainty is likely to result in an acceleration
of the recessionary pressures already building in the present economic
climate.
I believe that if enacted, certain provisions contained in the Treasury
proposal would create a disincentive for capital formation, thus
greatly damaging the economy of the United States. This in turn will
cripple the construction and development industries resulting in the
loss of millions of jobs, and ultimately creating a severe housing
shortage and higher rents for millions of tenants across the United
States. The proposal is economically damaging and ineffectual and
conflicts with the underlying philosophy of the Reagan administration
and re-election. I, therefore, urge you, in the strongest terms, to
publicly oppose the recent Treasury proposal.
Very truly yours,
Dan E. Bartell
Executive Vice President
Flake & Company
401 West Capitol Avenue
Post Office Box 990
Little Rock, Arkansas 72203
(501) 376-8005
F
December 11, 1984
was
Mr. Ronald Reagan
President of United States of America
White House
1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
Dear Mr. President:
I have reviewed with amazement the Treasury Department's tax overhaul
proposal as it was presented to the White House on November 26, 1984.
Among the Treasury's dramatic recommendations include a modified flat
tax, application of the "at risk" rules to real estate, elimination
of the tax credit, significant reduced depreciation, interest indexing,
a maximum of 35-limited partner rule for taxation of limited partnerships,
and repeal of the 60% exclusion of capital gains.
I urge you to immediately take a strong position against the tax
reform proposals described above. It is apparent that if enacted,
certain provisions contained in the Treasury proposal would cripple
the construction and development industries resulting in the loss
of millions of jobs, especially for lower income, blue collar workers.
The proposal is economically damaging and conflicts drastically with
the underlying philosophy of the Reagan administration re-election
platform.
I supported you during the 1980 and 1984 elections. Please do not
let me down now.
Sincerely,
George M. Wells
Senior Vice President
GMW/tjl
CC: Mr. Edwin Mease, III
Mr. James A. Baker, III
SPECIALISTS IN COMMERCIAL / INVESTMENT REAL ESTATE / BROKERAGE / CONSULTING / DEVELOPMENT / LEASING / PROPERTY MANAGEMENT
DANNY THOMAS INVESTMENTS, INC.
212 Center Street, Suite 400
Little Rock, Arkansas 72201
December 14, 1984
501/374-2231
Member, Securities Investor Protection
Corporation and The Real Estate Securities &
Syndication Institute.
Mr. James A. Baker III, Chief of Staff and Assistant to the President
The White House
1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
Re: Treasury Department Tax Reform Proposals
Dear Mr. Baker:
I urge you to immediately take a strong position against the tax
reform proposals recently issued by the U.S. Department of Treasury.
The uncertainty of future legislation is causing havoc in the invest-
ment community. This uncertainty is likely to result in an accelera-
tion of the recessionary pressures already building in the present
economic climate.
I believe that if enacted, certain provisions contained in the
Treasury proposal would create a disincentive for capital formation,
thus greatly damaging the economy of the United States. This in
turn will cripple the construction and development industries resul-
ting in the loss of millions of jobs, and ultimately creating a
severe housing shortage and higher rents for millions of tenants
across the United States. The proposal is economically damaging
and ineffectual and conflicts with the underlying philosophy of
the Reagan administration and re-election. I, therefore, urge you,
in the strongest terms, to publicly oppose the recent Treasury
proposal.
Sincerely,
DANNY THOMAS INVESTMENTS, INC.
Paul
President
PHDjr/jkw
Universal
Properties
December 12, 1984
James A. Baker III
Chief of Staff and Assistant to the President
The White House
1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
RE: Treasury Department Tax Reform Proposals
Dear Mr. Meese:
I urge you to immediately take a strong position against the
tax reform proposals recently issued by the U.S. Department of
Treasury. The uncertainty of future legislation is causing havoc
in the investment community. This uncertainty is likely to
result in an acceleration of the recessionary pressures already
building in the present economic climate.
I believe that if enacted, certain provisions contained in
the Treasury proposal would create a disincentive for capital
formation, thus greatly damaging the economy of the United
States. This in turn will cripple the construction and develop-
ment industries resulting in the loss of millions of jobs, and
ultimately creating a severe housing shortage and higher rents
for millions of tenants across the United States. The proposal
is economically damaging and ineffectual and conflicts with the
underlying philosophy of the Reagan administration and re-
election. I, therefore, urge you, in the strongest terms to
publicly oppose the recent Treasury porposal.
Sincerely,
Roger C. Thurmond,
President
RCT:11c
UNIVERSAL PROPERTIES, INC.
SAVERS FEDERAL BUILDING / SUITE 926 / LITTLE ROCK, ARKANSAS 72201 / (501) 374-8585
R
REALTOR
CAPITAL, INC.
115 EAST 5TH, SUITE 201
PINE BLUFF, ARKANSAS 71601
(501) 534-8227
GAIL C. CROSS
WILLIAM D. URSERY
December 13, 1984
James A. Baker III, Chief of Staff and Assistant to the President
The White House, 1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
Re: Treasury Department Tax Reform Proposals
Dear Mr. Baker:
I urge you to immediately take a strong position againest the
tax reform proposals recently issued by the U.S. Department of
Treasury. The uncertainty of furture legislation is causing havoc
in the investment community. This uncertainty is likely to result
in an accelleration of the recessionary pressures already building
in the present economic climate.
I believe that if enacted, certain provisions contained in the
Treasury proposal would create a disincentive for capital formation,
thus greatly damaging the economy of the United States. This in turn
will cripple the construction and development industries resulting in
the loss of millions of jobs, and ultimately creating a severe housing
shortage and higher rents for millions of tenants across the United
States. The proposal is economically damaging and ineffectual and
conflicts with the underlying philosophy of the Reagan administration
and re-election. I, therefore, urge you, in the strongest terms, to
publicly oppose the recent Treasury proposal.
Very truly yours,
AailC,Cross
Gail C. Cross
GCC:mkr
GAPITAL, INC.
115 EAST 5TH, SUITE 201
PINE BLUFF, ARKANSAS 71601
(501) 534-8227
GAIL C. CROSS
WILLIAM D. URSERY
December 13, 1984
James A. Baker III, Chief of Staff and Assistant to the President
The White House, 1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
Re: Treasury Department Tax Reform Proposals
Dear Mr. Baker:
I wish to let you know of my strong opposition to the tax
reform proposals recently issued by the U.S. Department of Treasury.
These proposals will severely restrict investment capital in-
formation which is essential to combating umemployment and continuing
the economic health of our country's construction and related indus-
tries.
I am open to the need for a true tax simplification plan, but we
must not eliminate the incentive to invest capital. In my opinion,
the proposal is economically damaging and conflicts with the under-
lying philosophy of our great nation.
Sincerely,
William D. Ursery
WDU:mkr