Word: contract
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Dates: during 1990-1999
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Gingrich and his fellow leaders balked at the request late last week, calculating that it is riskier to rewrite the contract than simply to lose a vote on it. Besides, Gingrich knows that the prospects for tax cuts of any kind appear to be fading in the Senate. Senator Bob Packwood of Oregon returned from a weekend retreat with his Senate Finance Committee and pronounced tax cuts all but dead. "What all of us have discovered when we go home," he said, "is that the public, over and over, is saying to us, As between the two, we'd rather...
...happens, House Republicans will face a likely defeat this week when they take up term limits, a provision of the contract that seemed far more sensible to many last fall (when their party was out of power) than it does now. The most popular version, sponsored by Representative Bill McCollum of Florida, would limit House and Senate members to 12 years in office once the measure is ratified by the states. But even its proponents admit that they have only about 185 solid Republican votes and 35 Democratic votes for the measure--70 short of the 290 needed to amend...
...future tax cuts to deficit reduction. Even if G.O.P. moderates succeed in reducing the scope of the $500-per-child tax credit, an enormous tax break for the wealthy would still loom. Democrats charge that more than 50% of the remaining $85 billion in tax benefits in the contract would still go to the 10% of families whose incomes exceed $100,000. The Joint Committee on Taxation estimates the $19 billion cut in capital-gains tax would average only $26.05 for taxpayers earning less than $100,000 but would mean an average reduction of $1,223.23 to those earning more...
...gave our word to cut taxes," he said at a Chamber of Commerce town meeting being sent via satellite to 3,700 sites around the U.S. "We need your help in calling your member of Congress to let them know we ought to keep our word on the contract." So far as the House goes, Gingrich needn't worry. Even Henry Hyde, one of the 102 Republicans who signed the child-credit letter, said last week that he would "vote for a two-headed turtle" if it had tax cuts on it. What happens to the contract in the Senate...
...NEWT GINGRICH DESCRIBED as the greatest President of the 20th century distrusted the states, was suspicious of Big Business and believed that government was the best instrument for building a morally better world. Franklin Delano Roosevelt's own contract with America pledged that government would help the one-third of the nation that was "ill-housed, ill-clad and ill-nourished...