Description:

JAMES E. CARTER
(b. 1924) Thirty-ninth President of the United States who engineered a break-through in Arab-Israeli relations. A group of four pieces, including a fine content with s second T.L.S. as President, 3pp. 4to. on White House letterhead, Washington, Feb. 9, 1977 to Rep. Albert Ullman of Oregon thanking him for the "… time and effort you have put into your thoughtful proposal for a tax credit for companies who hire new employees, as a substitute for the business tax proposals which were proposed as part of our economic stimulus package." Carter then goes into specifics on the merits of the proposal and asks a series of pointed questions, many of which are still relevant today, and read, in small part: " --- would it worsen the competitive situation of areas that are growing slowly or declining against rapidly growing areas like the Sun Belt; in the same way would it give advantages to rapidly growing firms and industries relative to those which need help most; and won't a firm's tax credit depend on the 'luck of the draw' as to the hiring a firm had done during the base period? ---businessmen won't normally hire additional workers unless they can sell the output these workers produce; since this tax credit doesn't increase sales, will it then promote a reduction in productivity and provide a disincentive to invest in new productivity-raising technology? " Offered together T.L.S., as President, 1p. 4to. Washington, Aug 1, 1977 thanking Ullman for his work on the Ad Hoc Committee on Energy; T.L.S. "Jimmy" as President, 1p. 4to., Washington, May 1, 1980 thanking Ullman for his work on H.R. 3919 "the Crude Oil Windfall Profit Tax Act.". Also together with a July 23, 1979 letter signed with an autopen signature. Together, four pieces in fine condition overall.

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May 9, 2012 11:00 AM EDT
Stamford, CT, US

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