Laxalt had become close friends with Ronald Reagan during his time as governor, when Reagan was also in his first term as governor of neighboring California.
They worked on many issues of mutual interest to both states, particularly those dealing with the preservation of Lake Tahoe.
During Reagan's presidency, Laxalt was sometimes referred to as "The First Friend".
Laxalt was national chairman of three Reagan presidential campaigns and placed Reagan's name in nomination at the Republican National Conventions of 1976, 1980, and 1984.
During the 1980 Republican National Convention, Laxalt's name was floated as a potential Vice Presidential nominee for the Reagan ticket, but George H. W. Bush was chosen instead.
At the behest of President Reagan, Laxalt served in the then-unprecedented role of General Chairman of the Republican Party from 1983 to 1987.

In fact, during Laxalt's second Senate term, due in large measure to his relationship with Reagan, several Nevadans came to Washington, D.C. to serve in prominent governmental and campaign positions.
His long-time aide, Barbara Vucanovich, had been elected to serve in the House in 1982, becoming the first female elected to a federal position from Nevada.
A long-time friend and prominent Nevada trial attorney, Frank Fahrenkopf, was elected to serve as Chairman of the Republican National Committee where he helped oversee Reagan's re-election and the 1988 election of President George H. W. Bush.
Bob Broadbent of Boulder City became Assistant Secretary for Water and Science in the Department of the Interior; Bob Horton of Reno became Director of the Bureau of Mines; Cameron Batjer of Reno, a former Nevada Supreme Court Justice, served on the U.S. Sentencing Commission; Reese Taylor of Las Vegas served as Chairman of the Interstate Commerce Commission; and Ed Allison of Reno, Sig Rogich of Las Vegas, and Ralph V. Whitworth of Winnemucca all served in key roles in Reagan's 1984 re-election campaign.
Laxalt's former Press Secretary and Chief of Staff, Tom Loranger, joined Laxalt in his post-Senate government consulting practice and now runs the D.C. office of the Ferraro Group, a Nevada government-relations firm founded by former Laxalt aide Greg Ferraro.
In early 1987, Laxalt was at the top of the short list to replace Donald Regan as White House Chief of Staff, but he declined because he intended to run for President in 1988.
Instead, he recommended former U.S. Senate Majority Leader Majority Howard Baker, who took the job.

It was the 1976 Republican presidential race that may have cemented the tight political friendship between Laxalt and former-Gov.
Reagan.
In 1976, Reagan had decided to run for president, challenging President Gerald Ford for the Republican nomination.
Ford enjoyed widespread support among the Republican establishment, particularly in Washington, D.C. Reagan decided that having Laxalt serve as his national chairman would give his campaign credibility it was otherwise lacking.
Although Laxalt was not well-known on a national level, he was well liked and respected in the U.S. Congress, and he was similarly respected by many prominent members of the national media.
Laxalt eventually acceded to Reagan's request, even though doing so severely jeopardized his relationship with the Ford White House.
Laxalt campaigned all over the United States on behalf of Reagan, often campaigning by his side.

With his back to the wall, Reagan won shocking victories in North Carolina and Texas, which propelled the race all the way to the national convention in Kansas City.
Laxalt nominated Reagan at the convention.
Eventually, the Reagan campaign lost a key procedural vote to Ford and the sitting President eked out a victory.
Although he was on the losing side, Laxalt's national profile increased dramatically as a result of his efforts on behalf of Reagan.
When Reagan defeated Democratic incumbent President Jimmy Carter in 1980, with Laxalt again serving as national chairman of Reagan's campaign, Laxalt's profile rose even higher.
Laxalt had become close friends with Ronald Reagan during his time as governor, when Reagan was also in his first term as governor of neighboring California. They worked on many issues of mutual interest to both states, particularly those dealing with the preservation of Lake Tahoe. During Reagan's presidency, Laxalt was sometimes referred to as "The First Friend". Laxalt was national chairman of three Reagan presidential campaigns and placed Reagan's name in nomination at the Republican National Conventions of 1976, 1980, and 1984. During the 1980 Republican National Convention, Laxalt's name was floated as a potential Vice Presidential nominee for the Reagan ticket, but George H. W. Bush was chosen instead. At the behest of President Reagan, Laxalt served in the then-unprecedented role of General Chairman of the Republican Party from 1983 to 1987.
In fact, during Laxalt's second Senate term, due in large measure to his relationship with Reagan, several Nevadans came to Washington, D.C. to serve in prominent governmental and campaign positions. His long-time aide, Barbara Vucanovich, had been elected to serve in the House in 1982, becoming the first female elected to a federal position from Nevada. A long-time friend and prominent Nevada trial attorney, Frank Fahrenkopf, was elected to serve as Chairman of the Republican National Committee where he helped oversee Reagan's re-election and the 1988 election of President George H. W. Bush. Bob Broadbent of Boulder City became Assistant Secretary for Water and Science in the Department of the Interior; Bob Horton of Reno became Director of the Bureau of Mines; Cameron Batjer of Reno, a former Nevada Supreme Court Justice, served on the U.S. Sentencing Commission; Reese Taylor of Las Vegas served as Chairman of the Interstate Commerce Commission; and Ed Allison of Reno, Sig Rogich of Las Vegas, and Ralph V. Whitworth of Winnemucca all served in key roles in Reagan's 1984 re-election campaign. Laxalt's former Press Secretary and Chief of Staff, Tom Loranger, joined Laxalt in his post-Senate government consulting practice and now runs the D.C. office of the Ferraro Group, a Nevada government-relations firm founded by former Laxalt aide Greg Ferraro. In early 1987, Laxalt was at the top of the short list to replace Donald Regan as White House Chief of Staff, but he declined because he intended to run for President in 1988. Instead, he recommended former U.S. Senate Majority Leader Majority Howard Baker, who took the job.
It was the 1976 Republican presidential race that may have cemented the tight political friendship between Laxalt and former-Gov. Reagan. In 1976, Reagan had decided to run for president, challenging President Gerald Ford for the Republican nomination. Ford enjoyed widespread support among the Republican establishment, particularly in Washington, D.C. Reagan decided that having Laxalt serve as his national chairman would give his campaign credibility it was otherwise lacking. Although Laxalt was not well-known on a national level, he was well liked and respected in the U.S. Congress, and he was similarly respected by many prominent members of the national media. Laxalt eventually acceded to Reagan's request, even though doing so severely jeopardized his relationship with the Ford White House. Laxalt campaigned all over the United States on behalf of Reagan, often campaigning by his side.
With his back to the wall, Reagan won shocking victories in North Carolina and Texas, which propelled the race all the way to the national convention in Kansas City. Laxalt nominated Reagan at the convention. Eventually, the Reagan campaign lost a key procedural vote to Ford and the sitting President eked out a victory. Although he was on the losing side, Laxalt's national profile increased dramatically as a result of his efforts on behalf of Reagan. When Reagan defeated Democratic incumbent President Jimmy Carter in 1980, with Laxalt again serving as national chairman of Reagan's campaign, Laxalt's profile rose even higher.
Paul Laxalt