Word: gop
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...what happened." So does Gingrich. "He's still angry, and will probably never fully trust any of them again," says Carney. "But those public calls for forgiveness may be the only thing to prevent more bloodletting tonight." Featured speakers at the inquisition will be Dick Armey, Tom DeLay, and GOP Conference Chairman John Boehner, all probably with a different version of events. "Armey, besides his public denials, has worked the conference really hard, person by person, proclaiming his innocence. The problem is that his account has been directly contradicted by the rebels he met with." Tom Delay has refused...
WASHINGTON, D.C.: TIME's Jay Carney reports that Bill Paxon's resignation from the House GOP leadership means the Gingrich coup has failed. "Paxon jumped before he was pushed," he says. "As chair of the leadership meetings, Paxon isn't elected to the leadership. He served at Gingrich's pleasure. So when Gingrich found out about the incipient uprising, he took his anger out on him." That uprising might have come off had Brutus, Cassius et al been able to decide who would be the new colossus. "It was supposed to be a bloodless coup," says Carney, "with Dick Armey...
WASHINGTON, D.C.: With Republicans grabbing the spotlight in the campaign finance hearings that are heavily weighted to expose alleged Democratic misdeeds, the Democrats have turned to the Web to get their message out. Their "Catalog Of GOP Campaign Finance Abuses" is a 13,000-word compendium of references to GOP abuses in newspaper and magazine articles. It's their own Web version of "I know you are but what am I?" While the page is of course partisan, the Dems do have a point. Only 24 of the 183 subpoenas issued by the Thompson committee target Democrats. The inquiry entirely...
...their tax cut proposal provides "Relief for Every Taxpayer In Every Stage of Life," the Democrats quickly swung into action with a calculator of their own. The not-so-surprising conclusion: if you're rich, have lots of kids or make most of your money from capital gains, the GOP is looking out for you. If not, maybe you'd better take another look at the Democrat's figures...
...very happy day on the Hill as Congressmen flush with funds from a surging economy got to play Santa in the form of a $135 billion tax cut package, the largest tax relief in more than a decade. Coming a day after the House overwhelmingly voted for its GOP-sponsored tax relief proposal, the White House is feeling the pressure to make a deal fast. Just minutes after the House bill passed the bill, Treasury Secretary Robert Rubin was sequestered with chief House tax writer Bill Archer, looking for ways to overcome presidential reservations about what a radical tax bill...