Word: hagel
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...adviser Karl Rove told allies that any trigger "is dead on arrival with this President." The Bushies argue that a tax cut without a guarantee would be useless in reviving the economy. "These tax cuts are important because people plan investment and savings on them," says Nebraska Republican Chuck Hagel. "If you're playing around with that, the uncertainty of that will withhold commitments of capital investments, which create productivity and jobs and tax revenues." Many Democrats aren't wild about triggers either--but for very different reasons. "My preference is to reduce the size...
...ironic moment: for five years, Democrats have been mouthing off in support of McCain's reform bill while knowing that procedural roadblocks thrown up by Republicans would keep it from coming to a vote. "But this time we're playing with real bullets," says G.O.P. Senator Chuck Hagel, who is sponsoring a rival bill. Senate majority leader Trent Lott has agreed to let McCain and his Democratic co-sponsor, Russell Feingold of Wisconsin, have their vote within two weeks. The House is poised to pass a similar measure, which means Congress could finally pass a bill that cuts off hundreds...
...running "issue" ads--thinly veiled plugs for candidates--just before elections. Republican Senators now believe they can kill McCain's bill by recruiting potential Democratic defectors, such as New Jersey's Robert Torricelli and Louisiana's John Breaux and Mary Landrieu. (Some will try to save face by supporting Hagel's watered-down version, which caps soft-money contributions at $60,000.) Senate minority leader Tom Daschle insists that "most Democrats" will still vote for McCain's measure, "but that doesn't mean we won't try to find ways to see if we can tweak it." The tweaking, McCain...
...this corner, Chuck Hagel...
...Chuck Hagel, the McCain buddy and fellow maverick Republican - he was one of only two Senate Republicans to back McCain in his "Straight Talk" presidential run - has sparked some very Shakespearean gossip by introducing his own, competing version of campaign finance reform. Hagel's approach would place a $60,000 limit on individual soft-money contributions, triple the limits (now $1,000) on contributions to specific candidates, and - this is the part Hagel swears by - strengthen disclosure requirements...