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Correspondence – February 1983 (3)
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Correspondence – February 1983 (3)
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Records of the White House Office of the Deputy Chief of Staff (Reagan Administration)
Michael K. Deaver's Correspondence Files
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WITHDRAWAL SHEET
Ronald Reagan Library
Collection Name DEAVER, MICHAEL: FILES
Withdrawer
KDB
1/16/2007
File Folder
CORRESPONDENCE - FEBRUARY 1983 (3)
FOIA
F03-0017/01
Box Number
7620
THOMAS, M
17
DOC
Doc Type
Document Description
No of
Doc Date Restrictions
NO
Pages
1
NOTE
DEAVER TO THOMAS MACBRIDE
1
2/4/1983
B6
2
LETTER
MACBRIDE TO DEAVER RE CANDIDATE
1
1/31/1983
B6
FOR CHIEF HOSTESS OF BLAIR HOUSE
Freedom of Information Act - [5 U.S.C. 552(b)]
B-1 National security classified information [(b)(1) of the FOIA]
B-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA]
B-3 Release would violate a Federal statute [(b)(3) of the FOIA]
B-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA]
B-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA]
B-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]
B-8 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA]
B-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of gift.
WITHDRAWAL SHEET
Ronald Reagan Library
Collection Name
Withdrawer
DEAVER, MICHAEL: FILES
KDB 1/16/2007
File Folder
FOIA
CORRESPONDENCE - FEBRUARY 1983 (3)
F03-0017/01
THOMAS, M
Box Number
7620
17
DOC Document Type
No of Doc Date Restric-
NO Document Description
pages
tions
1
NOTE
1
2/4/1983 B6
DEAVER TO THOMAS MACBRIDE
Freedom of Information Act - [5 U.S.C. 552(b)]
B-1 National security classified information [(b)(1) of the FOIA]
B-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA]
B-3 Release would violate a Federal statute [(b)(3) of the FOIA]
B-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA]
B-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA]
B-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]
B-8 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA]
B-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of gift.
WITHDRAWAL SHEET
Ronald Reagan Library
Collection Name
Withdrawer
DEAVER, MICHAEL: FILES
KDB 1/16/2007
File Folder
FOIA
CORRESPONDENCE - FEBRUARY 1983 (3)
F03-0017/01
THOMAS, M
Box Number
7620
17
DOC Document Type
No of Doc Date Restric-
NO Document Description
pages
tions
2
LETTER
1 1/31/1983 B6
MACBRIDE TO DEAVER RE CANDIDATE FOR
CHIEF HOSTESS OF BLAIR HOUSE
Freedom of Information Act - [5 U.S.C. 552(b)]
B-1 National security classified information [(b)(1) of the FOIA]
B-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA]
B-3 Release would violate a Federal statute [(b)(3) of the FOIA]
B-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA]
B-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA]
B-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]
B-8 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA]
B-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of gift.
MICHAEL K. DEAVER
but
2 too am sorry we missed
Sething together when you were
in town. him sure there will
he other insits. But of luck in
your new job. cheers. mike
THE WHITE HOUSE
WASHINGTON
Mr. Ed Reinecke
California Republican Party
1228 N Street, Suite 14
Sacramento, CA 95814
2-4 -
California Republican Party
1228 N Street, Suite 14 - Sacramento, California 95814 . (916) 443-0967
February 2, 1983
Tirso del Junco, M.D.
Chairman
Ed Reinecke
State Vice Chairman
Ingrid Azvedo
Regional Vice
Chairman North
Clara Rutherford
Regional Vice
Chairman Central
Mr. Michael K. Deaver
Charlotte Mousel
Assistant to the President and
Regional Vice
Chairman South
Deputy Chief of Staff
The White House Office
William Dohr
1600 Pennsylvania Avenue, N.W.
Secretary
Washington, D.C. 20500
Gerti B. Thomas
First Assistant Secretary
Dear Assiko like:
Eleanor Ashmore
Second Assistant Secretary
I'm sorry I didn't get a chance to say hello when I
Michael C. Donaldson
was in Washington recently. You will be interested to
Treasurer
know we will be organizing immediately for a strong
Scott Edward Darling
Party for 1984.
Assistant Treasurer
Jack L. Courtemanche
Please let us know how we can help, because our first
National Committeeman
priority will be the reelection of the President.
Trudy McDonald
National Committeewoman
With best wishes,
Nick Muskey
Sergeant-at-arms
Sincerely,
Liz Simms
President, County Chairmen's
Association
Ed
Ed Reinecke
Chairman
MICHAEL K. DEAVER
Juseph thunks smirch for your
good note. In Trying to to find
some reason to get your pust
of the world.
Churs.
mike
THE WHITE HOUSE
WASHINGTON
The Honorable Joseph Verner Reed
American Embassy
Rabat, Morocco
2 4
note
VILLA AMERICA
I-31-83
RABAT
RESIDENCE OF THE AMBASSADOR
MKD.
Don't 1zt that suavely
lizartless harpoon thrown get you
down! Safiris manifistetions
are so much trash!
IS you and e. want to
free yourselves for some sem
and sanity you both will be
wilcome in the Vingdam. qusted
of endining < and Unowing you,
you will Es so with class!)
bracs of blood squeezed
through an eye deopper come
to Villa Amrica for R&R
where warm hospitality awaite
you!
Aloha!
Josgh
p.s.
4 look forward
to buying the book
THE WHITE HOUSE
WASHINGTON
February 8, 1983
Dear Mr. Rhoads:
Thank you for your letter of January 25, 1983, co-signed by
your partner Mr. Swain, expressing the interest of the Wash-
ington Speakers Bureau, Inc. in working with me in the future
in arranging possible speaking engagements.
While I appreciate your interest, I will not be in a position
to consider or discuss any arrangements of this sort with the
Bureau or any other organization while I remain in Government
service.
Thank you again for writing.
Sincerely,
MICHAEL K. DEAVER
ASSISTANT TO THE PRESIDENT
DEPUTY CHIEF OF STAFF
Mr. Harry Rhoads, Jr.
Washington Speakers Bureau, Inc.
Suite 11
201 North Fairfax Street
Old Town Alexandria, Virginia 22314
bcc: Fred F. Fielding
THE WHITE HOUSE
WASHINGTON
February 8, 1983
MEMORANDUM FOR MICHAEL K. DEAVER
ASSISTANT TO THE PRESIDENT
DEPUTY CHIEF OF STAFF
FROM:
FRED F. FIELDING
M
COUNSEL TO THE PRESIDENT
SUBJECT:
Letter from Washington Speakers Bureau
Thank you for forwarding the above-referenced letter for my
review.
Obviously, no arrangements could be made with this Bureau (or
any similar entity) while you are in Government service, both
because applicable standards of conduct regulations preclude
acceptance of honoraria for appearances that are at all
related to your official duties, and because any such arrange-
ment would raise substantial appearance problems in any event.
The same appearance problems (though to a somewhat lesser
degree) could well arise should you commence discussions now
about an arrangement "in the future," which may be the purpose
of the Bureau letter.
Accordingly, I recommend a polite, non-committal response
advising that you will be unable to consider or discuss any
arrangement with the Bureau or similar organizations while you
remain on the White House staff. Such a response is attached
for your review and signature.
Attachment
Washington
201 N. Fairfax Street, Suite 11
Speakers
Old Town Alexandria, VA 22314
Bureau, Inc.
(703) 684-0555
If
22042 w
January 25, 1983
The Honorable Michael K. Deaver
Assistant to the President and
Deputy Chief of Staff
The White House
Washington, D.C. 20500
Dear Mr. Deaver,
The purpose of this letter is to introduce you to the Washington
Speakers Bureau and to express our interest in working with you in
the future. Although we are writing to you now in the middle of the
administration's first term, we thought it was necessary at this point
in time to express our interest in you. In addition, we believe it is
important that you know of the work we are doing.
In the two years that we have operated, the Washington Speakers
Bureau has become one of the most well-respected bureaus in the country.
Our ability to provide the best opportunities to speak for those we
represent, as well as our innovative and dynamic marketing strategies
(enclosed find a FIRST TUESDAY invitation for Washington and our new
brochure) have given rise to such references as "the fastest growing
Speakers Bureau in the nation by United Press International. " Our
success however, is simply a result of the honesty, hard work and
imagination of several relatively young and bright people.
The most recent example of our efforts would be that on behalf of
Mrs Lyn Nofziger. Since Lyn left the administration in late January,
-we have provided him with over $300,000 in choice speaking engagements
before major corporations and associations. He serves as a good
example of our care and effort.
At this time we want to confirm that when you decide to leave the
administration we hope that you will allow the Washington Speakers
Bureau to represent you We strongly believe that a relationship
between those of us at the Washington Speakers Bureau and you would be
most compatible and that you would be pleased with the care we take in
working with you.
Recipient of the 1982 ASAE Management Showcase Award and
the 1982 MPI, Potomac Chapter, Special Recognition Award
Honorable Michael K. Deaver
Page Two
January 25, 1983
We are sure that there are other areas of discussion. Nonethe-
less, this letter shall serve as a beginning. For now we ask that
you contact any of the following at your discretion for a reference:
1. Mr. Franklyn C. Nofziger, Partner, Nofziger and Bragg
Communications, 332-4030.
2. Mr. Conrad Hausman, Former Associate Director,
Presidential Personnel Operations, 684-7570.
3. Mr. Charles T. Hagel, Former Deputy Administrator,
The Veterans Administration, 971-1703.
4. Mr. James J. Kilpatrick, syndicated columnist,
703-987-8289.
Mr. Deaver, thank you for your time. We look forward to talking
with you in the future.
Sincerely,
HARRY RHOADS/R.
Harry Rhoads, Jr.
Partner
BERNARD L. SWAIN
Bernard L. Swain
Partner
HR/rse
THE WHITE HOUSE
WASHINGTON
February 9, 1983
Dear Ed:
Thanks for the very interesting Detroit
Free Press article. Seems the press is
one of the things that never change.
I appreciate your personnel suggestions.
We can always use input.
Thanks again for your help.
Sincerely,
MICHAEL K. DEAVER
Assistant to the President
Deputy Chief of Staff
Mr. Ed Fredricks
23rd District
State Capitol
Lansing, Michigan 48909
THE SENATE
ED FREDRICKS
LANSING, CHIGAN
COMMITTEES ON:
23RD DISTRICT
STATE AND VETERANS' AFFAIRS
STATE CAPITOL
HEALTH AND SOCIAL SERVICES
LANSING, MICHIGAN 48909
UPPER PENINSULA INDUSTRIAL
517-373-6920
AND ECONOMIC AFFAIRS,
616-392-8418
VICE-CHAIRMAN
616-399-2810
844 Millbridge, PV
Holland, Michigan 49423
February 3, 1983
Mr. Michael K. Deaver
much
Assistant to the President
Deputy Chief of Staff
The White House
Washington, D.C. 20500
Dear Mike:
You may be interested in the enclosed editorial from the Detroit Free Press
of 20 years ago and the U.S. News & World Report articles of 1964 and 1966
from which the President could draw.
The President is already familiar with and has used the 1966 article, but
notice how similar the treatment of Kennedy in 1962 is to the treatment
of the President today. Notice how the Free Press ridiculed Kennedy's
proposed tax cuts in the face of huge deficits. (In 1962 we were at a
point in the economic cycle comparable to now, while 1984/1985 will
probably resemble 1964, which will mean the next two years will be
more receptive to the tax cuts than the past year, and should be good
for the President).
Then compare the 1964 and 1966 articles to the dire predictions of the
Free Press. They said the same things of Kennedy in the editorial that
they do of Reagan today, and the conditions they describe are familiar.
Yet camelot is recalled with nostalgia by almost all, and the tax cuts
of Kennedy have been hailed by Republicans, Democrats, liberals and
conservatives alike.
Just one suggestion in another area. If James Baker is planning to leave,
I would assume Clark would replace him. Since the NSC job is largely
one of minimizing interdepartmental differences, Schultz would be good for
that. Jeane Kirkpatrick could go to State, a move which conservatives
would like and would mean three women in full-fledged cabinet positions.
James Buckley would make an ideal person for the U.N., although he has
just started with Radio Free Europe/Radio Liberty.
Thank you kindly for your attention. Warm personal regards.
Sincerely,
Ed
Ed Fredricks
NOT PRINTED AT TAXPAYERS' EXPENSE
1
The Detroit Tree Press
AN INDEPENDENT NEWSPAPER
JOHN S. KNIGHT. PRESIDENT AND PUBLISHER
LEE HILLS. VICE PRESIDENT AND EXECUTIVE EDITOR
HENRY C. WEIDLER, BUSINESS MANAGER
Published every morning by Knight Newspapers, Inc., 321 W. Lafayatte Ave., Detroit 31, Michigan
8:A
THURSDAY, NOVEMBER 15. 1962
AS WE SEE IT
A $7.8 Billion Deficit
Smacks Rosy Prophecy
ALL THE NIGHTMARES that econ-
understands budgets, said he'd eat his
omists predicted last January have be-
hat if the President were correct.
come realities. The Budget Bureau itself
Byrd predicted a deficit of between
says that, with luck, the Federal deficit
$5 billion and $10 billion, and you can't
for the current fiscal year will be $7.8
get much closer than he has.
billion.
In addition, the President predicted
This would be the second largest defi-
that spending would stop at $92.5 billion.
cit in peacetime history, exceeded only
It hasn't, and neither Cuba nor Berlin
by fiscal 1959, when we had a recession.
nor any other military commitment is
What went wrong? What happened to
to blame.
President Kennedy's rosy prospect in
The Budget Bureau says spending will
this, the first budget
be $1.2 billion higher than anticipated, all
entirely of his own
coming from increased domestic pro-
making, of a "mod-
grams. The postmen and other govern-
est" $500 million sur-
ment workers are getting more. The crop
plus?
support program is costing more than
Primarily, what
allotted, not unexpectedly. Public works
went wrong was that
programs have been accelerated by $200
the President didn't
million.
know what he was
And not surprisingly, the interest on
talking about, and
our national debt has risen by $400 mil-
wouldn't listen to
lion, partly because the debt is higher,
any of the economists
and partly because government bonds
who told him SO. He
are harder to peddle these days.
took the word of his
Byrd
The truth is that business did have a
theoretical, sociological Harvard eco-
fairly good year. Revenue from taxes is
nomists who were still operating in the
higher than in the last fiscal year. It is
depression days of pump-priming eco-
up at an annual rate of about four per
nomics.
cent.
This is a normal figure which the Pres-
The President predicted a business
ident would have been wise to count on.
boom 50 big that tax revenues would
But he, with derring-do and sleight-of-
reach $93 billion, against the $81.5 billion
hand, figured it would go up more than
last year.
three times that much. Senator Byrd,
Republicans in Congress called the
among others, could have told him better.
prediction "absolutely ridiculous." and
Senator Harry Byrd, a Democrat who
WHAT HORRIFIES us is not that
the deficit will be so large. This we pre-
dicted last January. What is disturbing is
that there are no indications that the
President intends to do anything about it.
His economic advisers accompanied
the bad news with the word that "the
deficit is neither inflationary nor danger-
ous to our balance of payments position'
which is not so.
We're spending more than we have, so
that's inflationary, To cover the deficit,
we have to sell more bonds, thus weak-
ening their value and that's bad for our
balance of payments.
A balanced budget would require a cut
in foreign aid, which is about the only
thing that would improve our balance of
payments deficit.
Even worse, the President and his ad-
visers are working on a new tax program,
to-include major reductions. This, says
the President, will stimulate business
enough to make up for losses.
Our tax structure needs revision, badly
and immediately.
But tax cut isn't enough. It must be
accompanied by spending cuts-plain old
economies and getting rid of luxury pro-
grams we can't afford.
Increasing spending while cutting
taxes is the same as if the head of a fam-
ily lost his job and then went out and
bought new car to ease the bad news
for his wife
As we said last January when the
President unveiled his rosy forecast,
Much of what is in the budget-defense
takes more than half-is essential and
desirable. But when the peacetime budget
for fiscal 1963 reaches within whispering
distance of the all-out war year of 1945,
it is time some halts were called."
The time is 10 months later, and no
halts are yet in sight,
U.S. News & Work
VOLUME LVI-No. 9
WASHINGTON
JUST WHEN YOU WILL GET
YOUR TAX CUT
- And How Big It Will Be
That tax cut, long promised, is here at last.
Tax rates, for all brackets, drop in two steps.
First effects will show up in pay envelopes
First cut is dated back to last January 1. So are
rly in March. Withholding tax drops from 18
dozens of changes in tax rules. Second cut: next
14 per cent. Result: more spending money.
January 1. Here are the details for taxpayers.
It's all set now: The biggest tax cut ever voted by Con-
ass is about to become a reality.
A TIMETABLE OF THE TAX CHANGES
Final terms of the tax bill were settled February 19, when
Senate-House committee compromised differences between
Jan. 1. 1964: First step of general tax cut is made
two branches of Congress.
retroactive to start of the year.
All told, when fully effective in 1965, the new law will
Personal tax rates, 20 to 91 per cent heretofore,
worth 11.5 billion dollars a year to taxpayers.
drop to a range of 16 to 77 per cent.
Relief comes in two steps-this year and next. Every tax-
Corporation tax goes down from 30 to 22 per
ver gets lower rates. New tax rules affect millions.
cent on first $25,000 of profit. and from 52 to 50 per
Individuals get about two thirds of their cut this year,
cent on profit above $25,000.
full cut next year. Small corporations get their whole cut
Dividend "exclusion" is increased from $50 to
1964. Big corporations are given about half their cut in
pility on 1964 profits, the full cut in 1965.
$100. Dividend "credit" is cut from 4 per cent of
dividend income to 2 per cent.
mmediate benefits. Cash benefits of the reduction in
A long list of changes in tax rules takes effect,
es will start showing up almost immediately. A timetable
the tax changes is given on this page.
applying to such items as stock options, casualty
losses, sick-leave pay.
First to feel the effects will be people on payrolls-those
ose taxes are withheld by their employers
The withholding-tax rate will be reduced on the first pay-
Early March, 1964: Withholding tax rate drops
from 18 to 14 per cent. This becomes effective on the
that occurs eight days or more after the President's
nature on the bill. This rate drops from 18 to 14 per cent,
first payday occurring eight days or more after the
President signs the bill.
aning raises in take-home pay for millions.
The next big group to feel the cash benefit will be those
0 estimate their taxes and pay them quarterly. The 1964
April 15, 1964: First quarterly payment reflect-
claration of estimated tax" and the first quarterly pay-
ing the lower rate on individuals' estimate of tax for
1964.
at are due by April 15. New official instructions and rate
les will be available to taxpayers shortly. By applying the
Corporations owing more than $100,000 a year
V rates and rules, people will be able to scale down their
in taxes make first payment on estimated 1964 tax at
lower rates.
il, June, September and January payments to take ad-
tage of the tax cut.
also on April 15, large corporations must make their first
Jan. 1, 1965: Second step of the rate reductions
takes effect.
ment on estimated 1964 income. This is five months
ICT than under old law. Companies owing more than
Personal rates go down to range of 14 to 70 per
0,000 a year in taxes are being shifted gradually to a
cent.
-as-you-go basis.
Corporation rate on profit above $25,000 drops
etroactive cuts. All these changes in payments begin-
to 48 per cent. Rate on first $25,000 remains at 22
; in March and April merely implement the new basic
per cent.
dules of income tax rates for individuals and corpora-
Dividend credit is climinated. Exclusion con-
S. The first cut, along with a long list of changes in tax
tinues at $100.
(continued on next page)
NEWS & WORLD REPORT, March 2, 1964
00
25
U.S. News & World Report
[continued from preceding page]
tions come under new restrictions. So do casualty losses at
sick-leave pay. Some better breaks go on the books for 0
rules, is dated back to last January 1, thus affecting all 1964
people, for professional people and others with widely fluct
income. The second cut takes effect next January 1, affecting
ating incomes, and for working mothers. Small taxpayers, f.
income of 1965 and later.
the first time, are to get the benefit of a "minimum standar
Retroactive to Jan. I. 1964:
deduction."
Personal tax rates, which heretofore ranged from 20 to
The second step. Then, effective Jan. 1, 1965:
91 per cent, drop to a range of 16 to 77 per cent.
Personal rates drop to a range of 14 to 70 per cent.
Corporation rates are cut. On the first $25,000 of profit,
For corporations, the rate on profits above $25,000 go
the tax drops from 30 to 22 per cent. On 1964 profit above
down to 48 per cent. The bottom rate stays at 22.
$25,000, the rate is cut from 52 to 50 per cent.
The dividend "credit" is wiped out.
For stockholders, the dividend "exclusion," or exemp-
By the time all the new provisions are in effect. tl
tion, is raised from $50 to $100. The dividend "credit" is
changes will touch nearly every major section of the t.
ent from 4 per cent of dividend income to 2 per cent.
laws. What it all means to you is spelled out on the pag
Other new rules for individuals take effect: Stock op-
that follow.
HOW TAX CHANGES AFFECT YOU
A taxpayer's guide to the new
than you owe, you'll have to check up
The bottom rate has been 20 per ce
on many new rules. And note: The new
on the first $2,000 of income-$4,0
tax law is given in what follows.
rules are effective on income, spending
for a married couple.
It shows, in practical terms, what
and investing in all of 1964.
Bottom bracket of the new schedule
to expect from lower rates and
To help you start right now to take
made up of the first $500 of income
advantage of the new opportunities, and
$1,000 for a couple. Tax on that will I
other changes taking effect now.
to avoid new pitfalls:
16 per cent for 1964 income, then
per cent in 1965 and later years.
As a taxpayer, you will have to get
TAX RATES
The chart below shows what tax
accustomed to a new set of tax rules as
By far the most important changes for
people will pay at various income leve
well as new tax rates.
you are in the reductions in tax rates.
and in different family situations.
The big tax bill of 1964, now ready
Rate schedules. Bracket rates have
To understand what these cuts C:
to go on the statute books, makes the
been cut at all levels.
mean, however, note two angles.
most extensive changes in the revenue
The top rate, now 91 per cent, drops
One is the way the savings can pi
laws in 10 years.
to 77 per cent on 1964 income, and to
up. In 10 years, a man with a $25.00
If you are to avoid paying more taxes
70 per cent in 1965 and later years.
(continued on page 28)
TM
1040
U.S. INDIVIDUAL INCOME TAX RETURN-
SINGLE PERSON
Treasury Department
that Revenue Service
or taxable year beginning
1966 ending
Annual Income
1963 Tax
1964 Tax
1965 Ta
ame and initial
Last name
$ 3,000
$
422
$
360
$
329
H jemt return of husband and wife, use first names and
$ 5,000
$
818
$
720
$
671
street
$ 8,000
$ 1,540
$ 1,372
$ 1,28(
THIS
town DE post office, and State
$ 10,000
$ 2,096
$ 1,872
$ 1,742
OU
file
for
1963?
Yes
No.
If name or address
fresent than show
$ 15,000
$ 3,787
$ 3,377
$ 3,15
$ 20,000
$ 5,900
$ 5,233
$ 4,918
Single
Morge
refu
ven
if
on
Unmarried He
$ 25,000
$ 8,324
$ 7,409
$ 6,982
acient child
Marl
Give name of wife or husband only if also
$ 35,000
$ 13,778
$ 12,344
$ 11,62
return, include all income of and wite-INCOME-- either you or your wife worked for more that
Wages, salaries, tips, elc., and excess of allowances over business expenses:
$ 50,000
$ 22,788
$ 20,384
$ 19,23
Employer's name
Where employed (city and state)
$100,000
$ 58,116
$ 51,399
$ 48,18:
$200,000
$138,280
$120,081
$111,07
$300,000
$219,974
$189,278
$174,070
Totals
"Sick pay" if included in line 1 (attoch required statement)
jubtract line 3 from line 2
Note: Tax figures assume deductions equal to 10 per cent of income, of
Dividends (Schedule B)
26
U.S. NEWS & WORLD REPORT, March 2, 19
News & World Report
HIGHLIGHTS OF THE TAX CHANGES
Tax cuts: Biggest ever voted at one time, 11.5
Sick-leave pay: Generally, no exemption for sick
billions a year-effective in part this year, re-
pay until absence from work exceeds 30 days.
mainder next year.
Casualty losses: Hereafter tax deductions only on
Personal taxpayers: Lower rates for everybody.
amounts in excess of $100 for each loss.
Old rates: 20 to 91 per cent. New rates, when
fully effective in 1965: 14 to 70 per cent.
Old people: Better break on deductions for medi-
cines. Also, easier tax rules on sale of a home.
Withholding tax: Rate cut from 18 to 14 per cent,
effective in March.
Actors, authors, professional people: A system of
"income averaging" for people with widely fluctu-
ating incomes.
Corporations: Again, rate cuts across the board.
Special break for small companies.
Working mothers: On child care, easier rules and
larger deductions for many.
Stockholders: Dividend "exclusion" doubled, to
$100. Dividend "credit" cut from 4 per cent to
Group insurance: A new rule requiring company
2 in 1964, zero in 1965.
executives to pay taxes on a portion of the pre-
miums paid by the company on a big policy.
Little taxpayers: New minimum standard deduction
-$300 for taxpayer himself, plus $100 for each
Also: Easier tax rules on capital losses; on em-
additional exemption listed on return, up to $1,000.
ployes' moving expenses; on large donations to
charity; on use of the investment credit; on iron-
Stock options: New restrictions, tougher rules for
ore royalties. Tighter rules on personal holding
stock to qualify for full benefit of capital-gains
companies; on borrowing to buy life insurance; on
treatment.
oil and gas depletion allowances.
MARRIED COUPLE, NO CHILDREN
MARRIED COUPLE, 2 CHILDREN
Il
Income
1963 Tax
1964 Tax
1965 Tax
Annual Income
1963 Tax
1964 Tax
1965 Tax
3,000
$
300
$
226
$
200
$ 3,000
$
60
$
0
$
0
5,000
$
660
$
554
$
501
$ 5,000
$
420
$
325
$
290
8,000
$ 1,240
$ 1,080
$ 1,000
$ 8,000
$
976
$
840
$
772
10,000
$ 1,636
$ 1,440
$ 1,342
$ 10,000
$ 1,372
$ 1,200
$ 1,114
15,000
$ 2,810
$ 2,501
$ 2,335
$ 15,000
$ 2,486
$ 2,208
$ 2,062
20,000
$ 4,192
$ 3,744
$ 3,484
$ 20,000
$ 3,800
$ 3,392
$ 3,160
25,000
$ 5,774
$ 5,162
$ 4,796
$ 25,000
$ 5,318
$ 4,754
$ 4,412
35,000
$ 9,601
$ 8,523
$ 7,997
$ 35,000
$ 9,037
$ 8,031
$ 7,529
50,000
$ 16,648
$ 14,819
$ 13,964
$ 50,000
$ 15,976
$ 14,213
$ 13,388
100,000
$ 45,576
$ 40,768
$ 38,460
$100,000
$ 44,724
$ 40,016
$ 37,748
200,000
$116,232
$102,798
$ 96,364
$200,000
$115,224
$101,916
$ 95,548
300,000
$195,872
$171,312
$159,140
$300,000
$194,804
$170,374
$158,300
dard deduction if this produces a lower tax in 1964 and 1965.
vs & WORLD REPORT, March 2, 1964
27
S. News & World Report
FINANCE WEEK
AFTER TAX CUTS-MORE
PROSPERITY, HIGHER REVENUE
New budget trends disclose
Now the Tax Committee is talking
grams have been started in low gear,
about an actual balance in the regular
fueled with a few million or a few
his paradox-
budget for the year starting July 1. In
hundred million dollars. But many have
The Treasury's tax take has
fact, the Committee's staff foresees a
been planned from the start to pyramid
een rising steeply.
modest surplus even if spending on Viet-
into much more impressive figures.
nam rises somewhat beyond the Presi-
The tax outlook. Still, even the ap-
Yet tax rates have been re-
dent's budget forecast of last January.
proach that now is being made to a
uced in recent years.
What has led to all this is high pros-
budget balance is being interpreted as
perity, with high individual and business
meaning two things.
Now the talk is about a budg-
incomes on which taxes are collected.
Advocates of the "new economics" are
surplus in the year that is to
The prediction of a surplus next year
taking the steep rise in revenues to mean
art July 1.
is considered overoptimistic by many
that they were correct in pushing for
close observers of the budget.
major tax cuts. It was tax relief, they
Question: How much did tax
Expenditures, the record shows, have
say, that gave business activity the fillip
its contribute to the prosperity
increased almost as rapidly as revenues.
that was needed to boost the economy
In the year that ended in mid-1962,
to levels required to generate budget-
at generated the revenue rise?
budget spending was at 87.8 billion dol-
balancing revenues.
lars. It is expected to reach 106.4 billion
Talk of a budget balance, at the same
The unusual budget spectacle of
in this year that ends June 30 and more
time, has all but scotched any serious
arply rising revenues following the big-
than 112.8 billion in the following year.
discussion of a tax increase to head off
tax cuts in history is beginning to
With stepped-up spending on war in
inflation. In recent months, the tax-in-
tonish even those who pushed hardest
Vietnam, the total could be several bil-
crease issue has been one of the most
tax cuts in the first place.
lion more than that.
hotly debated in Washington.
Tax reductions put into effect from
There also is this to note: Spending
Now, as business indicators point to
162 through 1965 had been advocated
increases that already have occurred are
some slowing of the boom and revenue
the cure for a "fiscal drag."
only a part of the commitment that has
trends point ahead toward a budget bal-
The theory: High tax rates were such
been written into the budget for years
ance, the steam is going out of the drive
brake on business that the economy
just ahead.
for inflation-curbing tax increases.
uld not generate the tax revenues
Typically, the "Great Society" pro-
(Another Finance Week article, p. 104)
-ded to balance the big federal budget.
The prescription: Cut taxes and, in
e. reach a budget balance.
in four years, tax reductions were or-
ed on an unprecedented scale. Rates
to reduced for individuals and busi-
ses. Tax deductions for depreciation
re speeded up. Special tax credits
TAXES DOWN,
e offered for business investments.
ises were eliminated or cut.
Federal tax cuts of the last 4 years add up to an annual $20 billion.
JI told, relief from the annual bur-
of federal taxes was granted in the
Yet: Revenue has gone up, not down.
1 of about 20 billion dollars.
Revenue 4 years ago-year ended in mid-1962: $81.4 billion.
he steepness of the revenue rise that
Revenue now-latest estimate for year ending in mid-1966: $103.9 billion.
wed was never predicted by the
Gain in annual revenue: $22.5 billion.
ocates of the "new economics."
he chart on this page shows what
Main reason: High and rising prosperity, meaning more and more personal
happened.
income and business profits on which to collect taxes.
nce the year that ended in mid-
2, budget revenues have risen from
For the coming year, starting July 1, a staff report to Congress predicts
billion dollars to 103.9 billion-a
another-big jump in revenue, to $116.2 billion. If so, says the report,
of 22.5 billion.
this could mean a balanced budget-the first one in 7 years-even
ext year, the one starting July 1, the
though spending, like revenue, has been climbing year after year.
bect is for 116.2 billions in budget
nues. That figure-predicted by the
Note: Revenue for this year and next is estimated by the staff of Congress's
Tax Committee of Congress-
Joint Committee on Internal Revenue Taxation. Figures are on a regular-
d mean a gain of 34.8 billions, or
budget basis, omitting Social Security and other federal trust funds.
y 43 per cent, in just five years.
NEWS & WORLD REPORT, June 13, 1966
103
THE WHITE HOUSE
WASHINGTON
February 9, 1983
Dear Mr. Palmquist:
Thank you for your letter about the
Lou Harris speech. I enjoyed your
comments about politics in general
and am most pleased that you took the
time to share your thoughts with me.
With best wishes.
Sincerely,
MICHAEL K. DEAVER
Assistant to the President
Deputy Chief of Staff
Mr. Roy A. Palmquist
4525 Manchester Drive
Omaha, Nebraska 68152
Mr.
Roy A. Palmquist
4525 Manchester Drive
Omaha, Nebraska 68152
1-402-455<3405
2-4-1983
1724 Denners
9. in hrte House
loashington, D.C & - 2050
Be - Kervis Harris talks and
artreles re - polls publisher C
in marrous newspapers
throughout-the crunty
hours Harris was a wild man
at the Omeha Chanter Former
funchern at 12:07 Nom, medinesday,
in Omain, Metuchn -a dornt
gloomtaller, that all local radio /
TV news Arradcart high hearen -
Thanks to the Omaha Loosed Henlth
they clidn't mention his talk, but
onfollowing puthorished LouisHines
Boll- copy enclosed for your
eagle eye - I may he after get
a casselle tape of his lalk Ined. at
amber Linder, if
do - will mail it to you The
Crx cable booketsing it tonight
the live outsurity amale lmute, so
don't have Cable yet
wilt tope it -on chamel 9@ 900 m - -
Re - article re Harris Billin
Recovery etc - - the survey shmple
compused 1254 - when you
considered almost 87, mo, 100
poted in 1980, and in 1984 it will
be about 90, 070, no peplemoling,
The 1254 = about 1/10,00 = How
Can you predict anying thing with such
a small figue. How can the
average cityen preductrection, when
expert lemomist can't -
K our Havis missestly bost in
1980 when hersaid Caster would have
a hairline victory - l picked a
landslide retory after the Democrater
Convention aim august 1980 - as som as
Carter was nonemated he was beat ,Ted
Kennedy was the man the convention
wanter -Dengan would have immin/980,
butit would have cheen a harrline victory -
Boy
Mr. Mrs. Roy A. Palmquist
from
4525 Manchester Drive
Bis-
Omaha, 1-402-455-3405 Nebraska 68152
If our poputation is now
new 235, m, 000 - and address
the armed freen in -
1, 700, does that
make about 101,2 1TO looking
hr past month listed 99, 550, 100
working.
Today it was amounced as
10.2% with anned
or - Last moth
10.8% was lieted as insemployent
Aguse word (rxer)
Learn that make there out
of work around 12,000, 000 plus I
you may resel my aug -1980
Presidential Prediction Regan3
states, 420+ electrol both -
of course my prediction a little
Emsemation light of actual
results - 489 electrol vites and 44
states -
l hasla smile formular 1 toth
1976 Front Presedential Result furnishedity
the Clerk the House - I gane Reagan the
26 States ford corn on 1976 ,Hen thool the
seven states Carter barely utn m1976, and
game there to Regan = 33 thates -Mousl
considered 20 13 l gave
Rengan 6 hence 39 states my electrons
voteraried, che to juggling various southern
states for Pergan such as Tepas
every presidential wimes since nov- 1928.that
is men 52 years, will be54 when 1984
my experience I will pick winner for 1984 after conventions
Majority in Poll Indicated
Recovery Is Not for 1983
By Louis Harris
The Chicago Tribune
Harris
A 55-38 majority of those surveyed in
Poll
a Harris Survey indicated that they
didn't foresee a recovery for the econ-
2-4-83
omy from now through January 1984.
However, a 53-41 percent majority
indicated that lower mortgage rates in
would see more people losing homes
the year ahead would result in more
and farms because they couldn't meet
housing being available. New housing
mortgage payments.
starts have risen over the past few
-A 53-44 percent majority said they
months, as interest rates have declined.
expected that "more people will be go-
Among those survyed, a 48-41 plu-
ing hungry" in the next 12 months.
rality indicated that they doubted that
-A 66-32 percent majority of those
the sustained lower rate of inflation
surveyed said they believed the country
would continue "to remain well below
was in a depression, not just a deep
10 percent." In late November, a 50-39
recession.
percent plurality indicated that infla-
-A 65-29 percent majority indicated
tion was under control.
that "the rich and big business will be
The survey polled 1,254 adults nation-
much better off" in 1983.
wide and was taken by telephone from
Jan. 2 to Jan. 5.
In a sample this size, one can say
with 95 percent certainty that the
results were within plus or minus three
percentage points of what they would
have been if the entire adult population
had been polled.
For the first time since August, those
surveyed indicated that they were pes-
simistic about the rate of inflation.
Other survey results:
-A 53-40 percent majority indicated
that they were not convinced that the
next year would see interest rates go
down sharply.
-A 48-47 percent plurality said they
did not believe that "unemployment
will be reduced to below where it is
now."
-A 64-32 percent majority indicated
that they thought the next 12 months
1
1
a
THE WHITE HOUSE
WASHINGTON
February 9, 1983
Dear Mr. Keegan:
Thanks for letting me know about the
January 27th meeting in New Jersey. My
special thanks, too, to Denise O'Leary
and Charles H. Hardwick for outstanding
efforts in bringing about this fundraising
activity in New Jersey.
I'm a big booster of the ACYPL program.
Thanks again for your contribution.
Sincerely,
MICHAEL K. DEAVER
Assistant to the President
Deputy Chief of Staff
Mr. Philip M. Keegan
Kupper Associates
15 Stelton Road
Piscataway, N.J. 08854
K
KUPPER ASSOCIATES
15 Stelton Road, Piscataway, N.J. 08854
(201) 752-5600
January 31, 1983
Hon. Michael Deaver
mank
Assistant to the President
Deputy Chief of The White
House Staff
The White House
Washington, D.C. 20500
Re: American Council of Young
Political Leaders
Dear Mr. Deaver:
I would like to take this opportunity to congratulate Denise O'Leary
for pursuing many of us in fund raising activities for ACYPL since,
through her outstanding efforts, a meeting took place in New Jersey on
January 27th which might never have come about.
On January 27th, Denise O'Leary and I met with Speaker of the
General Assembly, Alan J. Karcher, Assemblymen John Doyle and Charles L.
Hardwick. This meeting produced a viable list of corporations in the
State of New Jersey which we are going to solicit for donations to the
ACYPL. Denise is going to coordinate the first phase of this project
which will be the general mailing, and also participate from that point
on with various meetings that we will conduct in New Jersey, with
numerous corporations, on individuals or collective bases. I have per-
sonally contacted former delegates of our exchange program and they are
anxious to help us in our fund raising.
Again, I would like to state that it was through Denise's efforts
that we were able to hold this meeting. I would also like to acknowledge
the efforts of Charles H. Hardwick, who has been a true asset in pursuing
fund raising activities in New Jersey.
Very truly yours,
KUPPER ASSOCIATES
Philip M. Keegan
Vice President
PMK/pd
cc: All Members - ACYPL Bd. of Trustees
THE WHITE HOUSE
WASHINGTON
February 9, 1983
Dear Bill:
Thanks SO much for sending along the
letter from Owen Butler to Congressman
Gradison. I appreciate your letting me
know about this, and will pass it along.
Sincerely,
MICHAEL K. DEAVER
Assistant to the President
Deputy Chief of Staff
Mr. C. William Verity, Jr.
600 Thorn Hill Lane
Middletown, Ohio 45042
I
C. WILLIAM VERITY, JR.
Middletown, Ohio 45043
March
Dear mike
Inc attaching a letter from one of on
Divitors to Congressman Beie Gradison He is
arging Are to Lave Congress join The Social
Security system.
I woned wigh you to have The President
say That Le believes are americans should belong
to Social Security - and That he and his
entire staff are goining up. It would be
a great coup for him
Dest wishes
Dice
1/21/83
OWEN BRADFORD BUTLER
4346-5, STATE ROUTE 123
MORROW, OHIO 45152
January 26, 1983
The Honorable W. D. Gradison, Jr.
2311 Rayburn House Office Building
Washington, D.C. 20515
Dear Bill:
It is indeed difficult for me to find temperate words with
which to express my shock and dismay at the course on which
Congress appears to be embarked as it addresses Social
Security "reform".
Let me say at the outset that I endorse most of the
recommendations of the bipartisan commission. As one who
worked long and hard on the CED's study of retirement policy,
I believe that most, if not all, of the recommendations should
be adopted.
My concern, indeed my outrage, is directed at the absence of
what should have been the first recommendation --
specifically, that Congress and the Administration have an
absolute obligation to immediately include every member of the
Administration, every member of Congress and every member of
Administration or Congressional staff in the Social Security
system. You know, as well as I, that Social Security is not a
savings plan. Individual benefits have only the vaguest kind
of relationship to individual payments into the plan. The
Social Security system is essentially a tax on working
individuals to generate revenues which are paid to present
retirees. It is unthinkable that the very individuals who
impose this severe tax (and it is one of the severest taxes on
most of our working people) should continue to exempt
themselves (and almost no one else) from the payment of that
tax.
I urge you and your fellow members of Congress to display some
leadership in the effort to restore some degree of public
confidence in the equity of the Social Security system. There
simply is no better way to restore that confidence than to
have the members of the Administration and Congress proclaim
that their first order of business will be to include
themselves in the system. I and the other 40,000 U.S.
employees of our company have a right to expect that of you!
The Honorable W. D. Gradison, Jr.
January 26, 1983
Page Two
I urge you to take a prominent personal role in calling for
this kind of leadership by the members of Congress. What you
and your associates do will clearly set an example. It is up
to you to decide whether that will be a very bad example or a
very good example.
Sincerely,
O.B. Butler
OBB:nc
cc: Mr. William R. Burleigh
Mr. George R. Blake