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Baker, James A.: Files Folder Title: White House Staff Memoranda – Council of Economic Advisors Box: 4 Ronald Reagan Presidential Library Digital Library Collections This is a PDF of a folder from our textual collections. Collection: Baker, James A.: Files Folder Title: White House Staff Memoranda – Council of Economic Advisors Box: 4 To see more digitized collections visit: https://reaganlibrary.gov/archives/digital-library To see all Ronald Reagan Presidential Library inventories visit: https://reaganlibrary.gov/document-collection Contact a reference archivist at: [email protected] Citation Guidelines: https://reaganlibrary.gov/citing National Archives Catalogue: https://catalog.archives.gov/ WITHDRAWAL SHEET Ronald Reagan Library Collection: Baker, James: Files Archivist: jas File Folder: W.H. Staff Memos - Council of Economic Advisors f1x t./ Date: 11/24/98 :::::::::::::::::;:::;::·::::::::I :::::::((:: :}}'{:: }\ ·.·.·.··:·:·:·:·:·:<·:·:·:·:·:·:·:·:·:·:·:·:···· 1. Memo J. Baker, Meese to Feldstein (1 p) 10/21/83 2. Memo J. Baker to Feldstein ( \ ~) 9/22/83 RESTRICTION CODES Presidential Records Act - (44 U.S.C. 2204{a)) Freedom of Information Act - (5 U.S.C. 552(b)) P-1 National security class~ied information [(a)(1) of the PRA]. F-1 National security classified information ((b)(1) of the FOIA]. P-2 Relating to appointment to Federal office [(a)(2) of the PRA). F-2 Release could disclose internal personnel rules and practices of an agency [(b)(2) of the P-3 Release would violate a Federal statute [(a)(3) of the PRA]. FOIA). P-4 Release would disclose trade secrets or confidential commercial or financial information F-3 Release would violate a Federal statue [(b)(3) of the FOIA]. [(a)(4) of the PRA). F-4 Release would disclose trade secrets or confidential commercial or financial information P-5 Release would disclose confidential advice between the President and his advisors, or [(b)(4) of the FOIA]. between such advisors ((a)(5) of the PRA). F-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the P-6 Release would constitute a clearly unwarranted invasion of personal privacy [(a)(6) of FOIA]. the PRA]. F-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]. C. Closed in accordance with restrictions contained in dono(s deed of gift F-8 Release would disclose information concerning the regulation of financial institutions [(b)(6) of the FOIA]. F-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA). WITHDRAWAL SHEET Ronald Reagan Library Collection: Baker, James: Files Archivist: jas File Folder: W.H. Staff Memos - Council of Economic Advisors Date: 11/24/98 1. Memo J. Baker, Meese to Feldstein (1 p) 10/21/83 PS, P6 2. Memo J. Baker to Feldstein 9/22/83 P5,P6 RESTRICTION CODES Presidential Records Act· [44 U.S.C. 2204{a)) Freedom of Information Act· [5 U.S.C. 552(b)) P-1 National security classified information [(a)(1) of the PRA]. F-1 National security classified information [(b)(1) of the FOIA]. P-2 Relating to appointment to Federal office [(a)(2) of the PRA]. F-2 Release could disclose internal personnel rules and practices of an agency [(b)(2) of the P-3 Release would violate a Federal statute [(a)(3) of the PRA]. FOIA]. P-4 Release would disclose trade secrets or confidential commercial or financial information F-3 Release would violate a Federal statue [(b)(3) of the FOIA]. [(a)(4) of the PRA]. F-4 Release would disclose trade secrets or confidential commercial or financial information P-5 Release would disclose confidential advice between the President and his advisors, or [(b)(4) of the FOIA]. between such advisors [(a)(5) of the PRA]. F-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the P-6 Release would constitute a clea~y unwarranted invasion of personal privacy [(a)(6) of FOIA]. the PRA]. F-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]. C. Closed in accordance with restrictions contained in dono(s deed of gift F-6 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA]. F-g Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]. N.Y. TIMES:l2-13-83 Regan Sees Contingency Tax Plan By•JONATHAN FUERBRINGER Spec\al to The New .York Tlmee WASHINGTON', Dec. 12 - Treas­ ury Secretary Donald T. Regan.said today that President Reagan, to re­ duce future budget deficits, will in­ clude a tax increase proposal in the 1985 budget that he will send io Con­ gress in January. Mr. Regan added that the tax rise would be contingi:i~t on first achieving spending cuts tbat will alsp be bf. eluded in the budget, which ls tenti· tlvely schedul"4 to De subrpi~ tp the lawmaken Qn ~jut. 30. In answer to guestlons after a . speech ~ere, Mr. R<'gan's comments became the flrst official statement that there would be such a proposal in the budget for the 1985 fiscal year, which begins Oct.'l, 1984. Over the weekend, Admlnlspation officials, who asked not to be identified, said they expected such a contingency proposal in the budget. man, Bob Dole, Republican of Kan­ · · The President included such a con- . sas, outlined before <;ongress ad­ tingency tax proposal in his 1984 journed in November. Mr. Penner budget, but it received a cold recep­ said· that Congress should move tion in Congress and the Administra­ quickly and that both tax rises and tion never really pushed it. spending cuts were needed. Mr. Regan insisted that no detalls On spending, he said that any move of the tax proposal had been settled. would have to consider reductions In In addition, a Treasury official, who the growth of military spending and asked not to be Identified, said there popular entitlement programs, such ls a fight within the Administration as Social. Security and Medicare. over whether·the tax plan will be an actual proposal, as in last year's budget, or whether the budget will just assume that a tax increase will be approved after 1984 and "plug" such a revenue increase lrJto the defi­ cit projections. Also discussing the deficit, Rudolph G. Penner, the director of the Con­ gressional Budget Office, warned the Senate Finance Committee that the rising cost of interest on the national debt Is threatening to offset any defi­ cit reduction that may result from realistic tax rises or spending cuts. Mr. Penner projected that, without any further spending cuts · or tax rises, the deficit would rise from about $185 billion in the 1984 fiscal year, which ends Sept. 30, 1984, to $280 billion in the 1989 fiscal year. Mr. Penner was the lead-off wit­ ness as the panel began three days of hearings on the four.year, $150 billion deficit reduction plan that the chair- L.A. TIMES:l2-13-8 3 Budget Will Ask Contingency Tax Boost-Regan By.ROBERT A. ROSENBLA'IT, Times Staff Writer WASlllNGTON-Despite Presi- dent Reagan's strong distaste for tax increases, the Administration·s new budget will propose tax hikes linked to federal spending cuts, Treasury Secretary Donald T. Re­ gan said Monday. If Congress reduces spending first, "then we'll take the truces." Regan said in a speech to the National Press Club. It was the first official word from anyone in the Of the defense budget, he said Administration that its 1985 budget, "Why should we be racking up "You have to have some type of to be unveiled early next year, will more spending?" he asked. "It is not national and international priority. contain a contingency tax plan. that we lack the revenue, but we You can't have a weak defense and a Congress ignored the President's lack the will to cut back some strong economy." request for spending cuts and a programs. Administration officials are con­ contingency tax in the current fiscal "If you ask where," he added, "I vinced that the spending issue can 1984 budget, and a negative re­ refer you to the Grace Commission." provide them with ·strong election­ sponse is likely again next year. But This was a reference to a presiden­ year ammunition. tially appointed panel of industry Regan's forceful rhetoric suggested Record Deficit Posted that the Administration views its executives that has proposed sav­ call for lower spending as an effec - ings of $100 billion annually in Although the government under live campaign_issue. federal spending. 'Reagan registered a record deficit of Headed by industrialist J. Peter $195 billion in fiscal 1983, which 'Determined to Fight' Grace, the commission has called for ended Sept. 30, Administration offi­ "We have to be determined to such politically sensitive actions ·as cials expect to attack the Democrats fight" for reduced spending, the cutting civilian and military pension in Congress as big spenders. Many Treasury secretary said. "We have benefits, trimming food stamp out­ private economists project a deficit to get it down." lays and combining student aid of nearly $200 billion for the current Tax increase proposals, including programs. Regan refused to say fiscal year, although the Adminis ­ several offered by influential Re­ which proposals are likely to be tration disputes that. publicans, were quickly rejected by included in the new budget. In its 1985 budget and in projec - tions for several future years, the the President during the cl~ Poten~ial Target days of the 1983 congres&onal ses­ Administration will aim for gradu­ sion last month. The fastest-growing major feder­ ally declining deficits, Regan said. But a tax increase is now consid­ al spending programs are defense Bringing the deficits down should ered acceptable if a spending cut of and the combined Social Security­ lead to lower interest rates, benefit­ equal size is approved first, the Medicare fund.
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