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[Kansas]
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118571244
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[Kansas]
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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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1985-12-31
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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: [Kansas]
Box: 13
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/
Energol Engineering & Geologic Service Co.
R.R. #2 BOX 87 INDEPENDENCE, KANSAS 67301
(316) 331-0440
Dear Sir:
Please note the copy of the letter I sent the President, which is
enclosed.
Sincerely,
J.R. Friedman
Lease Evaluation
*
Solves Production Problems
*
Waterflood Design
Lease Acquisition
*
Geologic Sitting of Wells
*
Reservoir Studies
Title Work
*
All Other Engineering and Geologic Needs
Energol Engineering & Geologic Service Co.
R.R. #2 BOX 87 INDEPENDENCE, KANSAS 67301
(316) 331-0440
Dear Mr. President:
Please don't take away the tax incentives in the oil industry. I'm a
small company and rely on investors in order to drill and find more produc-
tion. With 80% of the oil in the U.S. produced by small independents, this
new tax law would kill the oil industry except for the large majors. The
courts would be overrun with bankruptcy cases, hundreds of thousands of
people would be out of work and without maintained good production in the
U.S. the glut will end and before you know it with unrest in the Middle
East oil to the U.S. at some point will be behind the 8 ball while
Russia will be just fine through its Middle East contacts.
I voted for you and have supported you both times, even though I'm a
Democrate, don't make me feel remorse for the support I have given you.
If you rid the depletion allowance and rid windfall taxes at the same
time that would be fair. If you take away or alter deductions, tax invest-
ment credits or depreciation, it will have devasitating long term negative
affect on the U.S. and all the citizens of the United States.
People who invest in American drilling for oil and gas are investing
in America and this is what you should want!
Concentrate your efforts on the free-loaders in the welfare program (your
campain promise).
Be thankful that people will invest in oil and gas and maintain the
incentives for this helps to keep America strong!
Sincerely,
JR freedom
J.R. Friedman
Lease Evaluation
*
Solves Production Problems
Waterflood Design
Lease Acquisition
*
Geologic Sitting of Wells
*
Reservoir Studies
Title Work
*
All Other Engineering and Geologic Needs
December 18, 1984
President Ronald Reagan
The White House
Washington, D. C. 20500
Dear President Reagan:
"Tax Reform for Fairness, Simplicity and Economic Growth"
I will soon become a Consulting Petroleum Geologist and can assure
you that the proposed tax law changes will make it most difficult to
raise money for drilling ventures. It is doubtful whether even the
major oil companies would find it feasible to drill exploratory wells
or marginal offset prospects. Since this country needs all the oil and
gas exploration and development possible to avoid importing increased
quantities of oil, it is hard to imagine more direct methods of curtailing
domestic production than the proposed tax "reforms".
Specifically, the Repeal of Percentage Depletion, Expensing of
Intangible Drilling Costs and Qualified Tertiary Injectant Expenses;
Delay in Writing Off Dry Hole Costs; and Capitalization of Indirect Costs
such as Interest are the most damaging.
In addition, changing the rules on existing Limited Partnerships
would impose a hardship on those of us who have invested in legitimate,
reasonable Limited Partnerships for retirement income. A more equitable
change would be the denial of tax advantages to those Partnerships which
recognize more than a 100% write-off of investment.
Yours very truly,
Russell S. Clausing
Russell G. Clausing
10341 Century Lane
Overland Park, Kansas 66215
CC: Edwin Meese, III
James A. Baker, III
Robert C. McFarlane
Robert J. Dole
Nancy Landon Kassebaum
Jan Meyers
131 S. Country Estates Rd.
Phone (316) 624-0161
PAR
PETROLEUM INC.
Box 280
Liberal, Kansas 67901
December 14, 1984
James A. Baker, III
Chief of Staff
The White House
Washington, D.C. 20500
Dear Mr. Baker:
I am writing to you to protest the tax reform proposals. I am a
Geologist by education and by profession and own and operate a small
exploration and production company. The tax reform proposals will be
very detrimental to me and my company. I regularly each year spend more
than my gross income on new exploration and production. I am able to do
this by acquiring money from outside the industry to support my drilling
program.
The Reform Proposals that would repeal depletion allowance and
expensing of intangible drilling cost and also disallow deduction of dry
hole cost until property abandomnent will be reason enough to discourage
outside investments and keep me from being able to reinvest as much of my
own income in new exploration.
The added income tax, windfall profit tax, gross production tax,
severance tax and ad valorum that would be lost by my inability to finance
new exploration and development programs would exceed any tax enhance
to be gained by the tax reform proposals.
The oil & gas business is very depressed at this time. There is
already less wells being drilled becasue of inadaquate financing. This
brought our previous energy shortage and will be the reason behind the
next energy shortage.
Page 2
The campaign promised us reduction in deficit by tax revenue from
a strong climate for small business. The independent oil business cannot
continue to provide its strong tax base under the reform proposals. I
urge you to oppose these proposals and allow us to provide the necessary
energy and pay our fair share of taxes.
Thank you for any and all support.
Sincerely, Rulph M.
Ralph M. Reynolds
RMR/glr
FROM THE DESK OF
AL BROWN
DEHR Jim,
As you CAN SEE FROM THE
ATTACHED LETTER TO OUR
PRESIDENT, I Am VERY mucH
AGAINST THE Go.no. WHERE
TAX SimplificATioN PIAN.
I FAIL To SEE How THIS
TOTALLY DISRUPTIVE PROGRAM
is EITHER FAIR OR HELPFUL.
THIS "Ticy ANYTHING" CONSUMANT
RECOMMENDATION is NOT WHAT
I EXPECTED FROM my PARTY
or ADMINISTRATION THAT I HAVE
WORKED so LONG AND HARD FOR.
BEST REGARDS,
al isnum
Mr. Alva L. Brown
Circle B Orchard
Route 5
December 21, 1984
Paola, KS 66071
Dear President Reagan:
I am categorically "AGAINST" the proposed tax simplification.
This plan is totally unfair to those who have committed their
resources under current tax law.
Investors in tax exempt bonds fill an essential need.
Thousands of worthwhile contributions have been made to our
life and economy as a direct result of this funding.
Tax exempt investors accepted lower yields than comparable
taxable securities. Taxing these lower yields makes their
return significantly lower and noncompetitive. Additionally,
the market value would be comparatively lower. Destroying
comparable value and income with the proposed plan is ex-
tremely unfair.
The same is true with proposed changes in long-term capital
gains. Millions of Americans have made decisions based
upon current tax law. These people took their risk based
upon that law. Taxing long-term capital gain as ordinary
income unduly penalizes those that took the risk.
Eliminating deductions for the other taxes paid is one of
the most devisive systems ever imposed by a taxing authority.
This concept presumes "taxes paid" are the same as "taxable
income". Those that pay little or no other taxes benefit
greatly. Those that do pay other taxes must on average
make up for those who don't. Again, this is totally in-
equitable and unfair.
Proposed simplification has too much "luck of the draw".
It too severely hurts the few that must make up the
difference for the many. That's like saying to the chicken
and the pig that "both" must be understanding about "their"
contributions to the benefit of ham and eggs.
In the name of fairness, I urge you and my elected repre-
sentatives not to support the proposed tax simplification
plan.
May God bless you and keep you.
Respectfully,
CC: Senator Robert Dole
Senator Nancy Kassebaum
Jan Meyers-Rep. Elect
James Baker-Presidential Aid
Alva L. Brown
Richard Darman-Presidential Aid
December 26, 1984
MAX
James A. Baker III, Chief of Staff and Assistant to the President
The White House
Above
1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
RUMIX
Crowd!
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.
REMAX
Very truly yours,
state line real estate, inc.
an independent member broker
Eddie R. Jacobs
8010 state line road
prairie village, kansas 66208
phone: (913) 649-3100
December 26, 1984
MAX
James A. Baker III, Chief of Staff and Assistant to the President
The White House
Above
1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500
Crowd!
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.
REMAX
Very truly yours,
state line real estate, inc.
an independent member broker
Melanie Jacobs McGraw
8010 state line road
prairie village, kansas 66208
phone: (913) 649-3100