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...been leading town-hall meetings around the country. In January he proposed devoting the entire budget surplus to the problem (something he may regret now that the cigarette money is gone), an approach that last week won the support of Republican Senators Pete Domenici and Phil Gramm. (Their surprising move pulled the rug out from under House Republicans, who want to use some of the surplus for a huge election-year tax cut--$702 billion over 10 years.) So far so good. But saving Social Security means making hard choices--moving part of the trust fund into the risky, higher...

Author: /time Magazine | Title: Breakdown on the Road to History | 8/10/1998 | See Source »

...over the Hill who opposed the McCain bill were talking about the DiVall poll. Never mind that the survey had been partly funded by the tobacco industry and the questions had been written in a way that tarred the bill. "If this is a crisis in America," said Gramm, "America doesn't know it." Flying with Lott to Barry Goldwater's funeral, Speaker Newt Gingrich had also made it clear how desperately the House wanted to avoid a big fight with its base supporters before November...

Author: /time Magazine | Title: Up In Smoke | 6/29/1998 | See Source »

WASHINGTON: If anyone's wondering what middle-class married couples have to do with the crimes of Big Tobacco, Texas Republican Phil Gramm is the man to ask. "If we're raising taxes for tens of billions of dollars for spending, then why not give part of it back?" Gramm said after his amendment to the tobacco legislation passed the Senate Thursday. It would use a slice of the $516 billion that John McCain, the bill's sponsor, envisions collecting from the industry to finance dropping the "marriage tax" penalty for couples earning less than $50,000 a year...

Author: /time Magazine | Title: Passing Out the Tobacco Dividend | 6/11/1998 | See Source »

...that? As TIME congressional correspondent John Dickerson says, "This was awfully hard to be against. It's a middle-class tax cut in an election year, and it gives the Republicans cover." The GOP, after all, is supposed to cut taxes, not raise them. Gramm is happy because it's a tax cut. McCain is happy because his bill is still alive. But more than a few Democrats are starting to worry that the money in the tobacco kitty, which was supposed to save our children from Joe Camel, is being handed out in all the wrong places...

Author: /time Magazine | Title: Passing Out the Tobacco Dividend | 6/11/1998 | See Source »

...expected, the end of civilization as we know it was announced on the back pages. On Feb. 10, 1996, in Philadelphia, while America was distracted by the rise of Pat Buchanan, the fall of Phil Gramm and other trifles, something large happened. German philosophers call such large events world-historical. This was larger. It was species-defining. The New York Times carried it on page...

Author: /time Magazine | Title: 1989-1998 Transformation | 3/9/1998 | See Source »

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