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Lot #85
Richard Nixon

As LBJ’s surtax carries into Nixon’s administration, Nixon thanks a Congressman for support: “This demonstration of party unity, when all the chips were down, will be enormously helpful in insuring the success of our Administration’s programs in the years ahead”

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Description

As LBJ’s surtax carries into Nixon’s administration, Nixon thanks a Congressman for support: “This demonstration of party unity, when all the chips were down, will be enormously helpful in insuring the success of our Administration’s programs in the years ahead”

TLS as president signed “R. N.,” one page, 6.75 x 9, White House letterhead, July 1, 1969. Letter to Representative Edwin Eshleman. In full, “I want you to know how much I appreciated your support on the surtax vote Monday. This demonstration of party unity, when all the chips were down, will be enormously helpful in insuring the success of our Administration’s programs in the years ahead.” Shortly before the election, Lyndon Johnson imposed a 10 percent surtax on individuals and corporations. That and some finagling helped him post a small surplus for fiscal 1969. On June 30, 1969, the House voted on extension of the 10 percent surtax. Many congressmen who recognized the need for surtax extension simply voted "nay" as a way of demanding action on tax reform. The bill passed, 210 to 205, but the message was clear to the Administration, and the surtax ended in 1970. In fine condition, with a bisecting horizontal fold and some scattered light toning. R&R COA.

Auction Info

  • Auction Title:
  • Dates: #300 - Ended August 17, 2005