Word: berte
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...Washington from a business meeting in Detroit, Carter prepared for a scheduled 3 p.m. press conference which had been postponed until 5 p.m. Press Secretary Jody Powell prepared a written statement for Carter. The President resisted the idea. "I don't feel right about reading a statement about Bert," he told Powell. "I just want to talk...
...reason for resignation, citing "the amount of controversy and the continuing nature of it." The President explained further, conceding that the affair had diverted some of his own attention from more pressing duties and predicting that it would have prevented Lance from devoting full time to OMB if Bert stayed there. Moreover, said Carter, "he needs to go home and take care of his own business"-a reference to Lance's heavy debts and financial obligations. Carter did not lash out at Lance's critics, although he said some of their charges "were greatly exaggerated" and some were...
White House aides argued that Career's unyielding defense of Lance was deliberate, since any admission by the President of wrongdoing by Lance would only needlessly inflict further damage on beleaguered Bert and raise the question: "Well, if he let down the President's high standards, why was the decision to resign left...
...press conference, Jimmy Carter said that Bert Lance "needs to go home and take care of his own business." He certainly does. Reports that he was close to bankruptcy seemed exaggerated, but unquestionably the wheeler-dealer from Calhoun had suffered some severe setbacks...
Another reason for uncertainty is President Carter's tax "reform" program. He was supposed to send it to Congress next week, but the Bert Lance affair so badly distracted and delayed his decision making that the tax package will not be unwrapped until a week or so later. The President is expected to propose cutting tax rates for all individual taxpayers and corporations,* giving business a more generous investment tax credit, and easing the taxation of corporate dividends-but also taxing capital gains as ordinary income and cracking down on expense-account deductions. Businessmen are unsure of not only...