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08/04/1982 (case file 095334)
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118566910
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08/04/1982 (case file 095334)
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Records of the Office of the President (Reagan Administration)
Presidential Briefing Papers
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1988-12-31
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Ronald Reagan Presidential Library Digital Library Collections This is a PDF of a folder from our textual collections. Collection: President, Office of the: Presidential Briefing Papers: Records, 1981-1989 Folder Title: 08/04/1982 (Case File: 095334) Box: 19 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 Page 18/2 WSID # 095334 WHITE HOUSE OFFICE OF RECORDS MANAGEMENT WORKSHEET X MEDIA H . INTERNAL Subject Codes: Name of Document: BRIEFING PAPERS FOR 007.01 PRESIDENT'S SCHEDULED 1) Subject: Meeting with select AUG0482 Congressmen APPOINTMENTS FOR LE to discuss the nuclear arms FG 032 control resolution. ND 018 AT 2) Meeting with The Cabinet and the Fo 006.03 Calinet Conned on Commerce and FG 010.01 I to discuss: : EG 010.02 A) the office of Policy Development planning FG 006.07 B) process Maritime Policy IN 005 3) Meeting to discuss taxes/ EL 010. reconciliation strategy BE 004. F1 004. 4) Meeting with select members of the House Ways and Means FG 033.22 Committee and the senate FG 036.09 Jinance Committee to descuss the Tax increases and the spending reductions of the reconciliation provisions resolution D the budget ROUTE TO: ACTION DISPOSITION Tracking Type Completion Action Date of Date Office/Agency (Staff Name) Code YY/MM/DD Response Code YY/MM/DD RMMATT RSZ / / / / Referral Note: Page 2 ID #. WHITE HOUSE OFFICE OF RECORDS MANAGEMENT WORKSHEET X MEDIA H . INTERNAL Subject Codes: Name of Document: BRIEFING PAPERS FOR PRESIDENT'S SCHEDULED APPOINTMENTS FOR AUG0482 5) Subject: Meeting with Congressman Jack Kemp re the reconciliation conference report 6) Meeting with House and Senate PL005.04 discuss the budget reconciliation Republican Leadership to FG031 process - - ROUTE TO: ACTION DISPOSITION Tracking Type Completion Action Date of Date Office/Agency (Staff Name) Code YY/MM/DD Response Code YY/MM/DD RMMATT RSZ / / / / Referral Note: DeF UNPUBLISHED August 4, 1982 7:45 a.m. THE WHITE HOUSE WASHINGTON THE PRESIDENT'S SCHEDULE Wednesday, August 4, 1982 9:00 am Staff Time Oval Office (30 min) 9:15- 10:10 SITUATION Room (Baker, Meese, Deaver) 9:30 am National Security Briefing Oval Office (15 min) (Clark) 9:45 am Senior Staff Time Oval Office (15 min) 10:00 am Meeting with Bipartisan Congressional Cabinet Room (30 min) Group PHOTO opp. 10:13-10:53 (Duberstein) 10:30 am Personal Staff Time Em ,tB, CLARK, MEFARCAND Oval Office (30 min) 10:54- 11:13 11:00 am Meeting with the Cabinet 11:12 Cabinet Room (45 min) (Fuller) 11:45 am Meeting with the Cabinet Council on Cabinet Room (45 min) Commerce and Trade (Fuller) 12:30 pm Lunch and Personal Staff Time Oval Office (90 min) 1:52 1:55 ECTON Jaxn, M. MASON, DCF - OUAL 2:00 pm Legislative Briefing Session 2:10- 2:55 Oval Office (60 min) (Baker) Em, BUSH, STOCKMAN, Src. REGAN, +B, SPEAKESS, DARMAN, DUBGRSTEIN CABINET Room 3:00 pm Meeting with Congressmen and Senators Oval Office (30 min) (Duberstein) 3:05-3:40 3:41-3:45 CLARK, EM,VB 3:30 pm Parsonal Staffi Time Oval Office (30 min) 3:46 - 4:15 REP. JACK kemp 4:00 pm House/Senate GOP Leadership Meeting 4:18- 5:00 Cabinet Room (30 min) (Duberstein) 4:30 pm Tax/Spending Bill Strategy Meeting 5:05- 5:22 Oval Office (30 min) (Duberstein) 5:22- 6:05 PERSONAL TIME 6:07 RESIDENCE UNPUBLISHED August 4, 1982 7:45 a.m. THE WHITE HOUSE WASHINGTON THE PRESIDENT'S SCHEDULE Wednesday, August 4, 1982 9:00 am Staff Time Oval Office (30 min) (Baker, Meese, Deaver) 9:12 ST.Room 9:30 am National Security Briefing Oval Office (15 min) (Clark) 9:45 am Senior Staff Time Oval Office (15 min) 10:00 am Meeting with Bipartisan Congressional Cabinet Room (30 min) Group (Duberstein) 10:30 am Personal Staff Time Oval Office (30 min) 11:00 am Meeting with the Cabinet Cabinet Room (45 min) (Fuller) 11: 45 am Meeting with the Cabinet Council on Cabinet Room (45 min) Commerce and Trade (Fuller) 12:30 pm Lunch and Personal Staff Time Oval Office (90 min) 1:45 Photo as/ Elton John oval 0 force 2:00 pm Legislative Briefing Session Oval Office (60 min) (Baker) CAB Room 3:00 pm Meeting with Congressmen and Senators Oval Office (30 min) (Duberstein) * 3:30 pm Personal Staff Time Oval Office (30 min) 4:00 pm House/Senate GOP Leadership Meeting Cabinet Room (30 min) (Duberstein) 4:30 pm 5:25 Tax/Spending Bill Strategy Meeting Oval Office (30 min) (Duberstein) 5.25- song. DAN ROSTENOWSKI * Appears only on the President's Schedule: 3:30 pm Meeting with Rep. Jack Kemp Oval Office (15 pm) (Duberstein) THE WHITE HOUSE WASHINGTON August 4, 1982 MEMORANDUM FOR: DAVE FISCHER FROM: M. B. OGLESBY, sp.20 SUBJECT: August 4 Presidential Meeting Attending a meeting on the nuclear arms control issue were the following: Secretary of State George Shultz Secretary of Defense Caspar Weinberger General John Vessey, Chairman, Joint Chiefs of Staff Eugene Rostow, Arms Control and Disarmament Agency Congressman William Broomfield (R-Michigan) Congressman William Carney (R-New York) Congressman Arlen Erdahl (R-Minnesota) Congressman Larry Hopkins (R-Kentucky) Congressman Jim Jones (D-Oklahoma) Congressman Tom Petri (R-Wisconsin) Congressman Joel Pritchard (R-Washington) Congressman Jim Sensenbrenner (R-Wisconsin) Congressman Sam Stratton (D-New York) Congressman Clarence Long (D-Maryland) Congressman William Hughes (D-New Jersey) Richard Darman Kenneth M. Duberstein M. B. Oglesby, Jr. John Dressendorfer The meeting was held at 10:00 in the Cabinet Room. For Dave Fischer: m Pres. m UP Schultz CABINET MEETING PARTICIPANTS Regan weinberger Smith Wednesday, August 4, 1982 - 11:00 a.m. watt (USDA) Baldige Donovon The Cabinet - All Members * Schweiker * Donald I. Hovde, Under Secretary of Housing & Urban Development, for (Houde) Secretary Pierce Lewis David Macdonald, Deputy Trade Representative, Edwords for Ambassador Brock Bell * Ambassador Kirkpatrick will not attend Meese sec. Block did NOT attend stockman Casey James A. Baker (UN) Richard G, Darman Kenneth Duberstein (Macdonald Craig L. Fuller Edwin L, Harper James E. Jenkins Edward J, Rollins Rich Williamson Munay Weidenboum Kenneth Cribb Edwin J. Gray Larry Speakes Pete Roussell Jim Cicconi Becky Norton Dunlop Daniel Murphy Karen Hart Roger Porter Analise Anderson For Presentations: Bruce Chapman, Director, Bureau of the Census Steve Tupper, Bur. of Census Guests in attendance: Michael E, Zacharia, White House Fellow, DOS Priscilla H, Douglas, White House Fellow, FBI to Dave Fischer - actual attendunce at CCCT multing Condanly OCA CABINET COUNCIL ON COMMERCE AND TRADE August 4, 1982 PARTICIPANTS The President The Vice President The Secretary of Commerce The Secretary of State The Secretary of the Treasury attim Mc Nam Deputy Secretary The Secretary of Defense The Attorney General The Secretary of the Interior The Secretary of Labor The Secretary of Health and Human Services The Secretary of Transportation The Secretary of Energy Edwin Meese III, Counsellor to the President The Director, Office of Management and Budget James A. Baker III, Chief of Staff and Assistant to the President Edwin Harper, Assistant to the President for Policy Development Donald L. Hovde, Under Secretary of Housing and Urban Development (Representing Secretary Pierce) David Macdonald, Deputy U.S. Trade Representative (Representing Ambassador Brock) murray Weidenbrum, chairman, CEA Richard Darman, Assistant to the President and Deputy to the Chief of Staff Kenneth Duberstein, Assistant to the President for Legislative Affairs Craig Fuller, Assistant to the President for Cabinet Affairs Edward Rollins, Assistant to the President for Political Affairs Richard Williamson, Assistant to the President for Intergovernmental Affairs Wendell Gunn, Executive Secretary Becky Norton Dunlop, Director, Office of Cabinet Affairs For Presentation: Darrell Trent, Deputy Secretary of Transportation Admiral Harold Shear, Administrator, Maritime Administration Additional Attendees: T. Kenneth Cribb, Jr. annelise anderson, OMB Roger Porter Thaddeus Garrett Richard Levine, NSC Jim Jenkins Pete Roussel two WH fellows gim Cuconi Ed Gray Dan muphy THE WHITE HOUSE WASHINGTON August 5, 1982 MEMORANDUM FOR: DAVE FISCHER FROM: M. B. OGLESBY, to SUBJECT: Presidential Meetings Attending a Wednesday, August 4 meeting at 3:00 p.m. in the Oval Office were the following: The Vice President Congressman Bob Michel (R-Illinois) Congressman Trent Lott (R-Mississippi) Congressman Barber Conable (R-New York) Treasury Secretary Donald Regan OMB Director David Stockman Staff Edwin Meese James A. Baker Kenneth M. Duberstein M. B. Oglesby, Jr. Attending a 4:00 p.m. meeting in the Cabinet Room Were: The Vice President Treasury Secretary Donald Regan OMB Director David Stockman RNC Chairman Richard Richards Congressman Bob Michel (R-Illinois) Congressman Trent Lott (R-Mississippi) Congressman Barber Conable (R-New York) Congressman Jack Kemp (R-New York) Congressman Jack Edwards (R-Alabama) Congressman Clair Burgener (R-California) Congressman Dick Cheney (R-Colorado) Congressman Edward Madigan (R-Illinois) Congressman Guy Vander Jagt (R-Michigan) Congressman Tom Evans (R-Delaware) Congressman Del Latta (R-Ohio) Congressman James Quillen (R-Tennessee) Page Two August 5, 1982 Staff attending the 4:00 p.m. meeting were: Edwin Meese James A. Baker Kenneth M. Duberstein M. B. Oglesby, Jr. Craig Fuller Dick Darman Ed Rollins Larry Speakes Pamela Turner J. L Cullen Dennis Thomas Susan Alvarado Bob Thompson Attending a 4:30 p.m. meeting in the Oval Office were: The Vice President Treasury Secretary Donald Regan OMB Director David Stockman Congressman Barber Conable (R-New York) Congressman Dan Rostenkowski (D-Illinois) Staff: Edwin Meese James A. Baker Michael Deaver Dick Darman Kenneth M. Duberstein M. B. Oglesby, Jr. MEMORANDUM THE WHITE HOUSE WASHINGTON August 5, 1982 TO: DAVE FISCHER FROM: PAM TURNER SUBJECT: Attendance at August 4, 1982 Meeting with the President (3:00 p.m. in the Cabinet Room) The following individuals attended the President's meeting with the Senate/House Republican Leaders, Whips, Chairman of the Senate Finance Committee and Ranking Republican of the House Ways and Means Committee on Wednesday, August 4 at 3:00 p.m. in the Cabinet Room: The Vice President Treasury Secretary Donald Regan OMB Director David Stockman Senate Howard Baker (R-Tennessee) Ted Stevens (R-Alaska) Robert Dole (R-Kansas) House Robert Michel (R-Illinois) Trent Lott (R-Mississippi) Barber Conable (R-New York) Staff Edwin Meese James A. Baker Kenneth M. Duberstein M.B. Oglesby, Jr. Pamela J. Turner Dick Darman REGRET: Michael Deaver MEMORANDUM THE WHITE HOUSE WASHINGTON August 5, 1982 TO: DAVE FISCHER FROM: PAM TURNER SUBJECT: Attendance at August 4, 1982 Senate/House GOP Leadership Meeting with the President The following individuals attended the meeting on August 4, 1982 (4:00 - 4:30 p.m. in the Cabinet Room) with the President to discuss the tax package: The Vice President Secretary of the Treasury, Donald Regan Director of OMB, David Stockman Republican National Committee Chairman, Richard Richards Senate Howard Baker (R-Tennessee) Ted Stevens (R-Alaska) James McClure (R-Idaho) Jake Garn (R-Utah) Paul Laxalt (R-Nevada) Bob Packwood (R-Oregon) Strom Thurmond (R-South Carolina) Robert Dole (R-Kansas) Pete Domenici (R-New Mexico) Mark Hatfield (R-Oregon) REGRET: John Tower (R-Texas) House provided in memo from House Legislative Affairs 2 Staff Ed Meese Jim Baker Ken Duberstein Craig Fuller Dick Darman Ed Rollins Ed Harper Larry Speakes M.B. Oglesby, Jr. Pam Turner J.L. Cullen Dennis Thomas Susan Alvarado Bob Thompson REGRET: Mike Deaver MEMORANDUM THE WHITE HOUSE WASHINGTON August 6, 1982 TO: DAVE FISCHER FROM: PAM TURNER pt SUBJECT: Attendance at Meeting with the President and Chairmen and Ranking Minority Members of the House Ways and Means and Senate Finance Committees The following individuals attended the meeting with the President which was held on August 4, 1982 at 4:30 in the Oval Office: The Vice President Secretary of the Treasury Donald Regan OMB Director David Stockman Senate Robert Dole (R-Kansas) Russell Long (D-Louisiana) House and Staff participants provided in House memo UNPUBLISHED August 4, 1982 7:45 a.m. THE WHITE HOUSE WASHINGTON THE PRESIDENT'S SCHEDULE Wednesday, August 4, 1982 9:00 am Staff Time Oval Office (30 min) (Baker, Meese, Deaver) 9.12 ST.Room 9:30 am National Security Briefing Oval Office (15 min) (Clark) 9:45 am Senior Staff Time Oval Office (15 min) 10:00 am Meeting with Bipartisan Congressional Cabinet Room (30 min) Group (Duberstein) 10:30 am Personal Staff Time Oval Office (30 min) 11:00 am Meeting with the Cabinet Cabinet Room (45 min) (Fuller) 11:45 am Meeting with the Cabinet Council on Cabinet Room (45 min) Commerce and Trade (Fuller) 12:30 pm Lunch and Personal Staff Time Oval Office (90 min) 1:45 Photo as/ Elton John- oval 0 office 2:00 pm Legislative Briefing Session Oval Office (60 min) (Baker) CAB ROOM 3:00 pm Meeting with Congressmen and Senators Oval Office (30 min) (Duberstein) * 3:30 pm Personal Staff Time Oval Office (30 min) 4:00 pm House/Senate GOP Leadership Meeting Cabinet Room (30 min) (Duberstein) 4:30 pm 5:25 Tax/Spending Bill Strategy Meeting Oval Office (30 min) (Duberstein) 5.25- done. ROSTENOLOSKI ROSTE NOWSKI * Appears only on the President's Schedule: 3:30 pm Meeting with Rep. Jack Kemp Oval Office (15 pm) (Duberstein) Def August 4, 1982 7:45 a.m. THE WHITE HOUSE WASHINGTON THE PRESIDENT'S SCHEDULE Wednesday, August 4, 1982 9:00 am Staff Time Oval Office (30 min) 9:15-9-10:10 SITUATION Room (Baker, Meese, Deaver) 9:30 am National Security Briefing Oval Office (15 min) (Clark) 9.45 am Senior Staff Time Oval Office (15 min) 10:00 am Meeting with Bipartisan Congressional Cabinet Room (30 min) Group PHOTO opp. 10:13-10:53 (Duberstein) 10:30 am Personal Staff Time Em,tis, CLARK, MEFARCAND Oval Office (30 min) 11: 00 am Meeting with the Cabinet 11:12 Cabinet Room (45 min) (Fuller) 11:45 am Meeting with the Cabinet Council on Cabinet Room (45 min) Commerce and Trade (Fuller) 12:30 pm Lunch and Personal Staff Time Oval Office (90 min) 1:52 - 1:55 ECTON JOHN, M. MASON, DCF -OUAL 2:00 pm Legislative Briefing Session 2:10- - 2:55 Oval Office (60 min) (Baker) Em, BOSH, STOCKMAN, Sec. REGAN, to, SPSAKESS, DARMAN, DUBERSTEIN CABINET Room 3:00 pm Meeting with Congressmen and Senators Oval Office (30 min) (Duberstein) 3:05-3:40 3:41-3:45 CLARK, EM, VB 3:30 pm Parsonal Staffi Time Oval Office (30 min) 3:46 - 4:15 REP. JACK KEMP 4:00 pm House/Senate GOP Leadership Meeting 4:18- 5:00 Cabinet Room (30 min) (Duberstein) 4:30 pm Tax/Spending Bill Strategy Meeting 5:05- 5:22 Oval Office (30 min) (Duberstein) 5:22- 6:05 PERSONAL TIME 6:07 RESIDENCE For Dave Fischer: Pres. UP Schultz CABINET MEETING PARTICIPANTS Regan weinberger Smith Wednesday, August 4, 1982 -- 11:00 a.m. watt (USDA) Baldige Donovon The Cabinet All Members * Schweiker * Donald I. Hovde, Under Secretary of Housing & Urban Development, for (Houde) Secretary Pierce Lewis David Macdonald, Deputy Trade Representative, Edwords for Ambassador Brock Bell * Ambassador Kirkpatrick will not attend Meese Sec. Block did NOT attend Stockman Casey James A, Baker Richard G, Darman (Macdonald (UN) Kenneth Duberstein Craig L. Fuller Edwin L, Harper James E, Jenkins Edward J. Rollins Rich Williamson Munay weidenborm Kenneth Cribb Edwin J. Gray Larry Speakes Pete Roussell Jim Cicconi Becky Norton Dunlop Daniel Murphy Karen Hart Roger Porter bassell (suived Analise Anderson For Presentations: Bruce Chapman, Director, Bureau of the Census Steve Tupper Bur. of Census Guests in attendance: Michael E. Zacharia, White House Fellow, DOS Priscilla H, Douglas, White House Fellow, FBI CABINET COUNCIL ON COMMERCE AND TRADE August 4, 1982 PARTICIPANTS The President The Vice President The Secretary of Commerce The The Secretary Secretary of of State the Treasury stim Mc Nam Secretary The Secretary of Defense The Attorney General The Secretary of the Interior The Secretary of Labor The Secretary of Health and Human Services The Secretary of Transportation The Secretary of Energy Edwin Meese III, Counsellor to the President The Director, Office of Management and Budget James A. Baker III, Chief of Staff and Assistant to the President Edwin Harper, Assistant to the President for Policy Development Donald L. Hovde, Under Secretary of Housing and Urban Development (Representing Secretary Pierce) David Macdonald, Deputy U.S. Trade Representative (Representing Ambassador Brock) murray Werdenbrum, Chairman, CEA Richard Darman, Assistant to the President and Deputy to the Chief of Staff Kenneth Duberstein, Assistant to the President for Legislative Affairs Craig Fuller, Assistant to the President for Cabinet Affairs Edward Rollins, Assistant to the President for Political Affairs Richard Williamson, Assistant to the President for Intergovernmental Affairs Wendell Gunn, Executive Secretary Becky Norton Dunlop, Director, Office of Cabinet Affairs For Presentation: Darrell Trent, Deputy Secretary of Transportation Admiral Harold Shear, Administrator, Maritime Administration Additional Attendees: T. Kenneth Cribb, Jr. annelise anderson, OMB Roger Porter Thaddeus Garrett Richard Levine, NSC Jim Jenkins Pete Roussel two WH fellows Jim Cuconi Ed Gray Dan muphy UNPUBLISHED August 4, 1982 7:45 a.m. THE WHITE HOUSE WASHINGTON THE PRESIDENT'S SCHEDULE Wednesday, August 4, 1982 9:00 am Staff Time Oval Office (30 min) (Baker, Meese, Deaver) 9:30 am National Security Briefing Oval Office (15 min) (Clark) 9:45 am Senior Staff Time Oval Office (15 min) 10:00 am Meeting with Bipartisan Congressional Cabinet Room (30 min) Group (Duberstein) 10: 30 am Personal Staff Time Oval Office (30 min) 11:00 am Meeting with the Cabinet Cabinet Room (45 min) (Fuller) 11:45 am Meeting with the Cabinet Council on Cabinet Room (45 min) Commerce and Trade (Fuller) 12 30 pm Lunch and Personal Staff Time Oval Office (90 min) 2:00 pm Legislative Briefing Session Oval Office (60 min) (Baker) 3:00 pm Meeting with Congressmen and Senators Oval Office (30 min) (Duberstein) * 3:30 pm Personal Staff Time Oval Office (30 min) 4:00 pm House/Senate GOP Leadership Meeting Cabinet Room (30 min) (Duberstein) 4:30 pm Tax/Spending Bill Strategy Meeting Oval Office (30 min) (Duberstein) * Appears only on the President's Schedule: 3:30 pm Meeting with Rep. Jack Kemp Oval Office (15 pm) (Duberstein) CABINET MEETING PARTICIPANTS Wednesday, August 4, 1982 -- 11:00 a.m. The Cabinet - All Members * * Donald I. Hovde, Under Secretary of Housing & Urban Development, for Secretary Pierce * David Macdonald, Deputy Trade Representative, for Ambassador Brock * Ambassador Kirkpatrick will not attend Secretary Block not attending James A. Baker Richard G, Darman Kenneth Duberstein Craig L. Fuller Edwin L, Harper James E. Jenkins Edward J, Rollins Rich Williamson Kenneth Cribb Edwin J, Gray Larry Speakes Jim Cicconi Becky Norton Dunlop Daniel Murphy Karen Hart For Presentations: Bruce Chapman, Director, Bureau of the Census Guests in attendance: Michael E. Zacharia, White House Fellow, DOS Priscilla H, Douglas, White House Fellow, FBI annal Anderson Fete Roussel for hany speakes THE WHITE HOUSE WASHINGTON August 3, 1982 MEETING WITH SELECT REPUBLICAN AND DEMOCRATIC HOUSE MEMBERS ON NUCLEAR ARMS CONTROL DATE: Wednesday, August 4, 1982 LOCATION: The Cabinet Room TIME: 10:00 a.m. (30 minutes) FROM: Kenneth M. Duberstein Kor D. I. PURPOSE To ask for support of the Broomfield-Carney-Stratton bipartisan nuclear arms control resolution. II. BACKGROUND The House is scheduled to consider Wednesday or Thursday of this week nuclear arms control resolutions. Two basic resolutions will be debated. One resolution, which was reported by the House Foreign Affairs Committee and is cosponsored by Committee Chairman Clement J. Zablocki (D-Wisconsin), Congressman Jonathan B. Bingham (D-New York), and 176 others, provides for an immediate "mutual and verifiable freeze on the testing, production, and further deployment of nuclear warheads, missiles and other delivery systems proceeding /to7 pursue substantial, equitable, and verifiable reductions" and prompt approval of the SALT II agreement. The Adminis- tration strongly opposes this resolution. The Administration-backed resolution cosponsored by Congress- men William S. Broomfield (R-Michigan), William Carney (R- New York) and Samuel S. Stratton (D-New York), and 171 others, which will be offered as an amendment in the nature of a substitute to the Zablocki resolution, endorses an equitable and verifiable START agreement that freezes strategic nuclear forces at "equal and substantially reduced levels." In a Presidential letter of July 23, all Members of the House were urged individually to support the Broomfield- 2 Carney-Stratton resolution as an indication of American unity in seeking a reduction to equal levels of nuclear weapons, thereby enhancing the negotiating position of Ambassador Rowny and the START team. The resolutions are open to amendment at any point. At least one amendment is expected to be offered to Zablocki; none to Broomfield. The legislative procedural strategy has been to push Members to support Broomfield notwithstanding the adoption of amendments as the only way to support the Administration and defeat Zablocki. Social, professional, and religious groups have been active in contacting Members to urge support for the immediate freeze proposal. III. PARTICIPANTS List attached. IV. PRESS PLAN White House photographer only. V. SEQUENCE OF EVENTS - Opening remarks by the President. - Brief comments by Secretaries Shultz and Weinberger. - Open discussion. Attachments: Participants List Talking Points PARTICIPANTS The President The Vice President Secretary of State Shultz Secretary of Defense Weinberger Eugene Rostow, Director, United States Arms Control and Disarmament Agency General John W. Vessey, Jr. Chairman, Joint Chiefs of Staff Members of Congress William Carney (R-New York) Samuel Stratton (D-New York) William Broomfield (R-Michigan) Jim Jones (D-Oklahoma) Thomas Petri (R-Wisconsin) J. J. Pickle (D-Texas) David Bowen (D-Mississippi) Carl Pursell (R-Michigan) F. James Sensenbrenner, Jr. (R-Wisconsin) Joel Pritchard (R-Washington) Don Fuqua (D-Florida) Marilyn Lloyd Bouquard (D-Tennessee) William Hughes (D-New Jersey) Hank Brown (R-Colorado) William Goodling (R-Pennsylvania) Arlen Erdahl (R-Minnesota) Frank Annunzio (D-Illinois) Larry Hopkins (R-Kentucky) Frank Horton (R-New York) Millicent Fenwick (R-New Jersey) Thomas Luken (D-Ohio) Staff Edwin Meese James Baker Judge Clark Kenneth Duberstein M. B. Oglesby, Jr. TALKING POINTS NUCLEAR ARMS CONTROL -- Since taking office, my foremost national security objective has been to reduce the risk of nuclear war. To help achieve this goal, we have embarked on START talks with the Soviet Union designed to negotiate reductions in the strategic arsenals of both sides. -- As we engage in these sensitive negotiations, we need to demonstrate clearly that the American people and Congress support the proposals carried by Ambassador Rowny to Geneva. -- The bipartisan resolution introduced by Bill Broomfield, Bill Carney, and Sam Stratton will do just that, and I strongly support their resolution. -- At the same time, I strongly oppose the House Foreign Affairs Committee freeze resolution. A freeze would lock the United States into a dangerous position of disadvantage and would remove the incentive for serious negotiation by the Soviets. In short, if your goal like mine is to reduce the risk of nuclear war, I urge you and your colleagues to vote for the Broomfield-Carney-Stratton resolution. -- I would like now to ask Secretaries Shultz and Weinberger to make additional comments. Briefing Paper for Cabinet meeting THIS DOCUMENT IS NOT TO BE COPIED OR REMOVED WITHOUT APPROVAL OF THE ORM DIRECTOR'S OFFICE. Jan DATE 4,1988 PLEASE NOTE A copy of the attached document has been certified as true, accurate and identical to this document as of this date. The copy may be used as evidence in a court case. Therefore, please do not alter, modify, or add any papers or writings to it. THIS DOCUMENT IS NOT TO BE COPIED OR REMOVED WITHOUT APPROVAL OF THE ORM DIRECTOR'S OFFICE. THE WHITE HOUSE WASHINGTON August 3, 1982 BRIEFING PAPER FOR THE PRESIDENT MEETING WITH THE CABINET AND THE CABINET COUNCIL ON COMMERCE AND TRADE DATE: AUGUST 4, 1982 TIME: 11:00 A.M. (90 MINUTES) LOCATION: OVAL OFFICE FROM: CRAIG L. FULLER I. PURPOSE AND BACKGROUND This meeting has been scheduled to discuss two items: 1. The Office of Policy Development Planning Process. Ed Harper will make a presentation with respect to a public policy planning process that the Office of Policy Development has designed. The presentation is divided into four parts. The first two parts will be presented at this meeting. Ed Harper will describe how the process will operate during the next several weeks. During the second part of the presentation, the Bureau of the Census will present demographic data and describe the trends with which your adminis- tration must deal as it considers future public policy options. Parts three and four of the presentation will be discussed during Thursday's Cabinet meeting. 2. Maritime Policy. Following the presentation from the Office of Policy Development, the group will meet as the Cabinet Council on Commerce and Trade [you might want to indicate that anyone who wishes to excuse themselves from the Cabinet Council session is invited to do so; although, all Cabinet members are invited to stay if they wish]. Secretary Drew Lewis has provided a decision memo and an executive summary in the attached packet that describes the issues that have been discussed. While there is agreement on several items, several additional issues remain for you to consider and resolve. II. PARTICIPANTS A final list will be provided with the agenda at the meeting. III. PRESS PLAN White House photographer only. IV. SEQUENCE Once the meeting is called to order, you may wish to call upon Ed Meese to introduce the presenta- tion by Ed Harper. Ed Meese has coordinated the design of the Office of Policy Development Planning Process. Following the Planning presentation, anyone not wishing to stay for the Cabinet Council meeting may be excused. Drew Lewis will lead the discussion on the Maritime issues. BRIEFING MEMORANDUM FOR THE PRESIDENT THE WHITE HOUSE WASHINGTON SUBJECT: TAXES/RECONCILATION STRATEGY Wednesday, August 4, 1982 2:00 (60 minutes) The Oval Office FROM: RICHARD G. DARMAN rus. I. PURPOSE This meeting is to brief you on where things stand re the tax and spending bills that are necessary to implement the budget resolution. The briefing -- and associated discussion -- should serve as further preparation for the legislative meetings that follow. II. PARTICIPANTS (Legislative Strategy Group) Secretary Regan Michael K. Deaver David A. Stockman Richard G. Darman Edwin Meese III Kenneth M. Duberstein James A. Baker III Craig L. Fuller III. AGENDA (1) Economic Overview: What is at stake Regan (including discussion of relationship of tax reconciliation bill to economic recovery) (2) Overview of Implementation Process Stockman for the Budget Resolution (including discussion of how and when different elements of outlay savings and revenue increases are to be effected) (3) Legislative Outlook Duberstein Senate -- the need for a few Democrats House -- the need to prevent major Republican erosion Where key members/groups now stand (4) Tactical Issues Various Timing -- the need for action before lobbying gets beyond control? Relating spending cuts to Taxes (a procedural problem) (5) Objectives/Arguments for meetings which Various follow THE WHITE HOUSE WASHINGTON Meeting with Chairmen and Ranking Minority Members of the House Ways and Means and Senate Finance Committees Date: Wednesday, August 4, 1982 Location: The Oval Office Time: 4:30 p.m. (30 minutes) From: Kenneth M. Duberstein Ker A. I. PURPOSE To indicate strong Presidential interest in the negotiations taking place in the House/Senate Conference Committee, meeting for the purpose of reaching an agreement on the tax increases and spending reductions mandated by the reconciliation pro- visions of the First Concurrent Resolution on the Budget for Fiscal Year 1983. II. BACKGROUND On August 3, a House/Senate Conference Committee began meeting to consider legislation necessary to achieve the tax increases and spending reductions falling within the jurisdiction of the House Ways and Means and Senate Finance Committees. These savings were mandated by the reconciliation provisions of the Budget Resolution. Senator Robert Dole (R-Kansas) is Chairman of the Senate Finance Committee and Congressman Dan Rostenkowski (D-Illinois) is Chairman of the House Ways and Means Committee. Congressman Barber Conable (R-New York) is Ranking Minority Member of the House Ways and Means Committee and Senator Russell Long (D-Louisiana) is Ranking Minority Member of the Senate Finance Committee. All of these Members are conferees and their support is essential to achieving a tax and spending reduction bill which can pass both the House and the Senate. The reconciliation provisions of the Budget Resolution required these committees to achieve $17 billion in spending reductions over three years and $21 billion in tax increases for fiscal year 1983. The Senate Finance Committee achieved the mandated tax increases and spending reductions and the Senate passed the bill on July 23 by a vote of 50 to 47. On July 28, the House agreed to go to conference with the Senate on the bill without having a tax bill reported from the Ways and Means Committee or con- sidering the legislation on the Floor of the House. Many Members of the House of Representatives are adamantly opposed to the Senate bill as passed by that body. In their view, the Senate bill is flawed because the mix of tax increases - 2 - BACKGROUND (continued) versus the level of spending reductions is out of proportion. They dislike the idea of raising the $98 billion in new taxes over three years contained in the Senate bill. These Members also feel that many of the spending reductions are in fact simply additional tax increases. For example, $9 billion of the so-called spending reductions are in fact additional taxes. This problem is exacerbated by the fact that any actual spending reductions which are to be achieved will have to come from such programs as Aid to Families with Dependent Children, Medicaid, Medicare, and Supplemental Security Income. It is important to note that 80% of the savings to be achieved, pursuant to the reconciliation instructions, are contained in this package. Therefore, it is essential that these Members work to report a bill to their respective Houses which contains the proper mix of spending reductions and tax increases required to pass the legislation. III. PARTICIPANTS List attached. IV. PRESS PLAN White House Photographer only. V. SEQUENCE OF EVENTS Presidential remarks followed by open discussion with Congressional participants. Attachment A: Participants List Attachment B: Talking Points Attachment A Participants List The President The Vice President Treasury Secretary Donald Regan OMB Director David Stockman Senator Robert Dole (R-Kansas), Chairman, Senate Finance Committee Senator Russell Long (D-Louisiana), Ranking Minority Member, Senate Finance Committee Congressman Dan Rostenkowski (D-Illinois), Chairman, House Ways and Means Committee Congressman Barber Conable (R-New York) , Ranking Minority Member, House Ways and Means Committee Staff Edwin Meese James A. Baker Michael Deaver Richard Darman Kenneth M. Duberstein M. B. Oglesby, Jr. Pamela J. Turner ATTACHMENT B SUGGESTED TALKING POINTS FOR MEETING WITH CHAIRMEN AND RANKING MINORITY MEMBERS OF THE HOUSE WAYS AND MEANS AND SENATE FINANCE COMMITTEES -- Raising taxes is a very unpleasant experience, but I want to commend you all for the task you have undertaken. -- Bob, I congratulate you for the bill you produced in the Senate. -- And Dan, I thank you for your willingness to take the bill up SO quickly and to work with me on this bill. -- With Russell's and Barber's help, I hope we can work together to produce a bipartisan bill we can all support. -- With a few minor exceptions, the Senate bill is a bill I can and do support. -- It preserves the tax cuts enacted last year, maintains the integrity of my economic recovery program, and meets the spending reductions mandated by reconciliation. -- But I urge you to act quickly, hopefully by the end of the week, to reach agreement on a final bill. -- The longer you take in conference, the more difficult it will become to resist the pressures working against the bill. 2 -- I endorsed the First Budget Resolution. And if Congress produces a bill which includes the spending cuts and revenue increases called for in that resolution, I will support it and work hard for its passage. -- But I can assure you I will not raise taxes just to pay for more spending programs. THE WHITE HOUSE WASHINGTON August 3, 1982 MEETING WITH THE SENATE/HOUSE REPUBLICAN LEADERS, WHIPS, CHAIRMAN OF THE SENATE FINANCE AND THE RANKING REPUBLICAN OF THE HOUSE WAYS AND MEANS COMMITTEES DATE: Wednesday, August 4, 1982 LOCATION: The Oval Office TIME: 3:00 p.m. (30 minutes) FROM: Kenneth M. Duberstein Ken D. I. PURPOSE To indicate strong Presidential interest in the House/Senate tax bill conference negotiations and to ask for assistance to enact the reported legislation. II. BACKGROUND On August 3, a House/Senate Conference Committee began meeting to consider legislation necessary to achieve the tax increases and spending reductions falling within the jurisdiction of the House Ways and Means and Senate Finance Committees. These savings were mandated by the reconciliation provisions of the Budget Resolution. Senator Robert Dole (R-Kansas) is Chairman of the Senate Finance Committee and Congressman Dan Rostenkowski (D-Illinois) is Chairman of the House Ways and Means Committee. Congressman Barber Conable (R-New York) is Ranking Republican Member of the House Ways and Means Committee and Senator Russell Long (D-Louisiana) is Ranking Democratic Member of the Senate Finance Committee. All of these Members are conferees and their support is essential to achieving a tax and spending reduction bill which can pass both the House and the Senate. The reconciliation provisions of the Budget Resolution required these committees to achieve $17 billion in spending reductions over three years and $21 billion in tax increases for fiscal year 1983. The Senate Finance Committee achieved the mandated tax increases and spending reductions and the Senate passed the bill on July 23 by a vote of 50 to 47. On July 28, the House agreed to go to conference with the Senate on the bill without having a tax bill reported from the Ways and Means Committee or considering the legislation on the Floor of the House. 2 Many Members of the House of Representatives are adamantly opposed to the Senate bill as passed by that body. In their view, the Senate bill is flawed because the mix of tax increases versus the level of spending reductions is out of proportion. They dislike the idea of raising the $98 billion in new taxes over three years contained in the Senate bill. Compounding these problems is a desire by many Republicans to see the mandated reconciliation savings achieved in other areas before they vote for a tax increase. For example, House committees have fallen short of the required spending reductions in the areas of agriculture, banking, appropriations and most recently COLA caps. These Members also feel that many of the spending reductions are in fact simply additional tax increases. For example, $9 billion of the so-called spending reductions are in fact additional taxes. This problem is exacerbated by the fact that any actual spending reductions which are to be achieved will have to come from such programs as AID to Families with Dependent Children, Medicaid, Medicare, and Supplemental Security Income. It is important to note that 80 percent of the savings to be achieved, pursuant to the reconciliation instructions, are contained in this package. Therefore, it is essential that these Members work to report a bill to their respective Houses which contains the proper mix of spending reductions and tax increases required to pass the legislation. III. PARTICIPANTS List attached. IV. PRESS PLAN White House photographer only. V. SEQUENCE OF EVENTS Presidential remarks followed by open discussion with Congressional participants. Attachments: Participants List Talking Points Participants List The President The Vice President Treasury Secretary Donald Regan OMB Director David Stockman Senator Howard Baker (R-Tennessee) Majority Leader of the Senate Senator Ted Stevens (R-Alaska) Assistant Majority Leader of the Senate (Whip) Senator Robert Dole (R-Kansas) Chairman, Senate Finance Committee Congressman Robert H. Michel (R-Illinois) Republican Leader of the House of Representatives Congressman Trent Lott (R-Mississippi) Republican Whip Congressman Barber Conable (R-New York) Ranking Republican Member, House Committee on Ways and Means Staff Edwin Meese James A. Baker Michael Deaver Kenneth M. Duberstein M. B. Oglesby, Jr. Pamela J. Turner TALKING POINTS The Senate has passed a bill which improves the fairness of the tax system and preserves the incentives necessary for economic recovery. The bill also includes the spending reductions mandated by the Budget Resolution. It is a measure which I support, and one which I hope you will support. The bill will reduce projected budget deficits while maintain- ing the integrity of my economic recovery program. It preserves the individual tax rate reduction and indexing provisions enacted last year. Rather than raising taxes on working people, the bill focuses on the elimination of unintended abuses, the removal of obsolete incentives, and improvements in taxpayer compliance. More than three-fourths of the increased tax revenues come from increased taxpayer compliance and the closing of tax loopholes. When combined with the tax reductions enacted last year, the taxpayers of this country will still receive substantial net tax reductions. - 2 - O The bill preserves all of the individual marginal rate reductions and most of the basic ACRS changes enacted last year. In the aggregate, the Senate bill merely offsets the lost revenue due to the add-ons included in last year's bill. O Nobody like to raise taxes, but failure to adopt a conference report similar to the Senate passed bill will result in an additional $100 billion in deficits over the next three years. This could jeopardize the success we are now having with interest rates, and weaken the anticipated economic recovery. O We worked together to pass the First Budget Resolution which included spending cuts and revenue increases. We need to work together to pass a conference report which implements those cuts. At a time when the economy is starting to move-- when interest rates are starting to decline--the worst possible signal would be for us to walk away from passage of a conference report. THE WHITE HOUSE WASHINGTON MEETING WITH CONGRESSMAN JACK KEMP (R-NEW YORK) DATE: Wednesday, August 4, 1982 LOCATION: The Oval Office TIME: 3:30 P.M. (15 Minutes) FROM: Kenneth M. Duberstein Ker D. I. PURPOSE To discuss with Kemp his leadership role in working against adoption of the anticipated Senate-House Finance Committee/Ways and Means Committee recon- ciliation conference report, which is expected to be generally in compliance with the budget resolu- tion adopted in June. II. BACKGROUND Kemp has consistently opposed any efforts to increase revenues this year. He opposed the House Republican leadership and the Administration during the develop- ment of the Budget Resolution, objecting to both spending cuts and proposed revenue increases. Kemp has been vociferous in his opposition to the Senate passed reconciliation tax and spending reduc- tion package that is generally in compliance with the budget resolution in areas such as Medicare, Medicaid, AFDC, supplemental security income, unemployment security income and revenues. The House voted to send the tax bill to conference believing that a similar package could not be achieved in the House. Kemp voted against that motion. On July 27, Kemp and more than sixty Republicans sent you a letter saying that they cannot "support the Senate-passed tax increase" "while the Democrats renege on reconciliation spending cuts." Kemp has met with various interest groups to encourage and organize nationwide lobbying efforts against proposed tax increases. III. PARTICIPANTS The President Secretary of the Treasury, Donald Regan OMB Director David Stockman Congressman Jack Kemp 2 III. PARTICIPANTS (continued) Staff James Baker III Edwin Meese III Michael Deaver Kenneth M. Duberstein IV. PRESS PLAN White House Photographer only V. SEQUENCE OF EVENTS Kemp will be met in the West Lobby and escorted to the Oval Office. Attachment: Talking Points SUGGESTED TALKING POINTS FOR MEETING WITH CONGRESSMAN JACK KEMP -- Raising taxes is a very unpleasant task, and one which I do not like doing. Reducing spending is also not an easy chore for you or me. -- But we have to do it -- we need to comply with the First Budget Resolution -- the bill produced by the Senate is a good bill. It preserves nearly all of the business tax incentives enacted last year. -- I know you believe we are taking back much of last year's tax cut. -- But, I think you have to distinguish between imposing new taxes and collecting taxes owed. More than three-fourths of the revenue raised comes from increased taxpayer compliance and the closing of tax loopholes. -- Rather than imposing new taxes on working people, this bill tries to insure that everyone pays a fair share of the tax burden. -- Jack, it is easy to duck the tough spending and revenue issues- but the country can't afford that. We need to pass the confer- ence report as soon as possible. We can't back away from our responsibilities at this crucial time. THE WHITE HOUSE WASHINGTON August 4, 1982 MEMORANDUM FOR: DAVE FISCHER FROM: M. B. OGLESBY, sp.70 SUBJECT: August 4 Presidential Meeting Attending a meeting on the nuclear arms control issue were the following: Secretary of State George Shultz Secretary of Defense Caspar Weinberger General John Vessey, Chairman, Joint Chiefs of Staff Eugene Rostow, Arms Control and Disarmament Agency Congressman William Broomfield (R-Michigan) Congressman William Carney (R-New York) Congressman Arlen Erdahl (R-Minnesota) Congressman Larry Hopkins (R-Kentucky) Congressman Jim Jones (D-Oklahoma) Congressman Tom Petri (R-Wisconsin) Congressman Joel Pritchard (R-Washington) Congressman Jim Sensenbrenner (R-Wisconsin) Congressman Sam Stratton (D-New York) Congressman Clarence Long (D-Maryland) Congressman William Hughes (D-New Jersey) Richard Darman Kenneth M. Duberstein M. B. Oglesby, Jr. John Dressendorfer The meeting was held at 10:00 in the Cabinet Room. THE WHITE HOUSE WASHINGTON August 3, 1982 MEETING WITH THE EXPANDED HOUSE AND SENATE REPUBLICAN LEADERSHIP TO DISCUSS THE BUDGET RECONCILIATION PROCESS DATE: Wednesday, August 4, 1982 LOCATION: The Cabinet Room TIME: 4:00 P.M. (30 minutes) FROM: Kenneth M. Duberstein ter D. I. PURPOSE To express concern regarding the present legislative outlook of the omnibus spending cut and revenue bill (H.R. 4961) now in conference, and to urge a maximum effort by members of the House and Senate Republican Leadership to achieve an acceptable conference agreement that can win passage in both Houses of Congress. II. BACKGROUND On August 3, a House/Senate Conference Committee began meeting to consider legislation necessary to achieve the tax increases and spending reductions falling within the jurisdiction of the House Ways and Means and Senate Finance Committees. These savings were mandated by the reconciliation provisions of the Budget Resolution. The reconciliation provisions of the Budget Resolution required these committees to achieve $17 billion in spending reductions over three years and $21 billion in tax increases for Fiscal Year 1983. The Senate Finance Committee achieved the mandated tax increases and spending reductions and the Senate passed the bill on July 23 by a vote of 50 to 47. On July 28, the House agreed to go to conference with the Senate on the bill without having a tax bill reported from the Ways and Means Committee or considering the legislation on the Floor of the House. Only 44 House Republicans voted in support of this effort. Many Members of the House of Representatives remain adamantly opposed to the Senate bill as passed by that body. In their view, the Senate bill is flawed because the mix of tax increases is out of proportion with the level of spending reductions. They dislike the idea of raising the $98 billion in new taxes over three years contained in the Senate bill. Compounding these BACKGROUND (continued) problems is a desire by many Republicans to see the mandated reconciliation savings achieved in other areas before they vote for a tax increase. For example, House committees have fallen short of the required spending reductions in the areas of agriculture, banking, appropriations and most recently, COLA caps. These Members also feel that many of the spending reductions are in fact simply additional tax increases. For example, $9 billion of the so-called spending reductions are in fact additional taxes. This problem is exacerbated by the fact that any actual spending reductions which are to be achieved will have to come from such programs as Aid to Families with Dependent Children, Medicaid, Medicare, and Supplemental Security Income. It is important to note that 80% of the savings to be achieved, pursuant to the reconciliation instructions, are contained in this package. Therefore, it is essential that the House and Senate Republican Leadership work for a bill which contains the proper mix of spending reductions and tax increases required to pass the legislation. III. PARTICIPANTS List attached. IV. PRESS PLAN White House Photographer only. V. SEQUENCE OF EVENTS No set agenda. Attachments: Participants Talking Points PARTICIPANTS The President The Vice President Secretary of the Treasury, Donald Regan Director of OMB, David Stockman Republican National Committee Chairman, Richard Richards Senate Howard Baker (Tennessee), Majority Leader of the Senate Ted Stevens (Alaska), Assistant Majority Leader of the Senate James McClure (Idaho), Chairman of the Republican Conference John Tower (Texas) Chairman of the Republican Policy Committee Jake Garn (Utah), Secretary of the Republican Conference Paul Laxalt (Nevada) Bob Packwood (Oregon), Chairman of the National Republican Senatorial Committee Strom Thurmond (South Carolina), President Pro Tempore of the Senate Robert Dole (Kansas) Chairman of the Finance Committee Pete Domenici (New Mexico), Chairman of the Budget Committee Mark Hatfield (Oregon), Chairman of the Appropriations Committee House Bob Michel (Illinois), Republican Leader of the House Trent Lott (Mississippi), Republican Whip of the House Jack Kemp (New York) Chairman of the Republican Conference Jack Edwards (Alabama), Vice Chairman of the Republican Conference Clair Burgener (California), Secretary of the Republican Conference Dick Cheney (Wyoming), Chairman of the Republican Policy Committee Edward Madigan (Illinois), Chairman of the Republican Research Committee Guy Vander Jagt (Michigan), Chairman of the National Republican Congressional Committee Tom Evans (Delaware), Vice Chairman of the National Republican Congressional Committee Silvio Conte (Massachusetts), Ranking Republican Member, Appropriations Committee Del Latta (Ohio), Ranking Republican Member, Budget Committee Barber Conable (New York), Ranking Republican Member, Ways and Means Committee James Quillen (Tennessee), Ranking Republican Member, Rules Committee John Rhodes (Arizona), Dean of House Republicans Staff Ed Meese, Jim Baker, Mike Deaver, Ken Duberstein, Craig Fuller, Dick Darman, Ed Rollins, Ed Harper, Larry Speakes, M. B. Oglesby, Pam Turner, J. L. Cullen, Dennis Thomas, Susan Alvarado, Bob Thompson TALKING POINTS The Senate has passed a bill which improves the fairness of the tax system and preserves the incentives necessary for economic recovery. The bill also includes the spending reductions mandated by the Budget Resolution. It is a measure which I support, and one which I hope you will support. The bill will reduce projected budget deficits while maintain- ing the integrity of my economic recovery program. It preserves the individual tax rate reduction and indexing provisions enacted last year. Rather than raising taxes on working people, the bill focuses on the elimination of unintended abuses, the removal of obsolete incentives, and improvements in taxpayer compliance. More than three-fourths of the increased tax revenues come from increased taxpayer compliance and the closing of tax loopholes. When combined with the tax reductions enacted last year, the taxpayers of this country will still receive substantial net tax reductions. - 2 - The bill preserves all of the individual marginal rate reductions and most of the basic ACRS changes enacted last year. In the aggregate, the Senate bill merely offsets the lost revenue due to the add-ons included in last year's bill. Nobody likes to raise taxes, but failure to adopt a conference report similar to the Senate passed bill will result in an additional $100 billion in deficits over the next three years. This could jeopardize the success we are now having with interest rates, and weaken the anticipated economic recovery. We worked together to pass the First Budget Resolution which included spending cuts and revenue increases. We need to work together to pass a conference report which implements those cuts. At a time when the economy is starting to move--- when interest rates are starting to decline the worst possible signal would be for us to walk away from passage of a conference report. THE WHITE HOUSE WASHINGTON August 5, 1982 MEMORANDUM FOR: DAVE FISCHER FROM: M. B. OGLESBY, JR to SUBJECT: Presidential Meetings Attending a Wednesday, August 4 meeting at 3:00 p.m. in the Oval Office were the following: The Vice President Congressman Bob Michel (R-Illinois) Congressman Trent Lott (R-Mississippi) Congressman Barber Conable (R-New York) Treasury Secretary Donald Regan OMB Director David Stockman Staff Edwin Meese James A. Baker Kenneth M. Duberstein M. B. Oglesby, Jr. Attending a 4:00 p.m. meeting in the Cabinet Room Were: The Vice President Treasury Secretary Donald Regan OMB Director David Stockman RNC Chairman Richard Richards Congressman Bob Michel (R-Illinois) Congressman Trent Lott (R-Mississippi) Congressman Barber Conable (R-New York) Congressman Jack Kemp (R-New York) Congressman Jack Edwards (R-Alabama) Congressman Clair Burgener (R-California) Congressman Dick Cheney (R-Colorado) Congressman Edward Madigan (R-111inois) Congressman Guy Vander Jagt (R-Michigan) Congressman Tom Evans (R-Delaware) Congressman Del Latta (R-Ohio) Congressman James Quillen (R-Tennessee) Page Two August 5, 1982 Staff attending the 4:00 p.m. meeting were: Edwin Meese James A. Baker Kenneth M. Duberstein M. B. Oglesby, Jr. Craig Fuller Dick Darman Ed Rollins Larry Speakes Pamela Turner J. L Cullen Dennis Thomas Susan Alvarado Bob Thompson Attending a 4:30 p.m. meeting in the Oval Office were: The Vice President Treasury Secretary Donald Regan OMB Director David Stockman Congressman Barber Conable (R-New York) Congressman Dan Rostenkowski (D-Illinois) Staff: Edwin Meese James A. Baker Michael Deaver Dick Darman Kenneth M. Duberstein M. B. Oglesby, Jr.