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...reform, which endorsed the flat tax while leaving out specifics on what percentage should be taxed and what, if any, deductions should be preserved. Both announcements point to the promise and problem of the flat tax for the GOP, notes TIME's Jeffrey Birnbaum. "The flat tax is the hottest new issue on the campaign trail and has launched Steve Forbes into second place," he says. But, the idea may rapidly be overtaken by politics. Since Jack Kemp is a longtime flat tax advocate, it seems odd that his commission didn't provide a detailed recommendation. Odd, that is, until...
They went in something of a competitive spirit. Since 1981, when a South Carolina couple named Phil and Linda Lader first hosted Renaissance Weekend at Hilton Head, the event has become the hottest New Year's ticket in America. Originally limited to 60 families, most from the South, Renaissance exploded into public consciousness when it served as a social launching pad for an ambitious Arkansas Governor named Bill Clinton. By the '90s, the intellectually stimulating but marginally too empathetic convocation of Volvo-driving superachievers was drawing six Southern Governors, a Supreme Court Justice and a waiting list of hundreds...
VOTERS LOVE IT AT FIRST SIGHT. Politicians want to embrace it. there may be danger in the details, but the flat tax is becoming the hottest new issue in the G.O.P. presidential race. Riding mostly on his flat-tax proposal, magazine mogul Steve Forbes has become the fastest-rising candidate in the contest. And he's about to get some prominent company. Next week a tax-reform commission headed by former Housing Secretary Jack Kemp will make its own proposal to flatten the federal income tax. Bob Dole, the Republican front runner and co-sponsor of the commission, is expected...
Eighteen Russian soldiers were killed and eight more captured by Chechen rebels when their convoy was ambushed as they traveled to give medical aid to fellow Russian troops. The attack was the hottest flare-up in fighting since the two sides agreed to a cease-fire six months ago. After the Russian military vowed to retaliate with ''adequate measures,'' and warned Chechen civilians to evacuate the area where the attack occurred, the eight hostages were released...
Senator William Roth of Delaware is a creature of habit. He once took a liking to what his aides agreed was an ugly brown corduroy suit, so much so that he wore it even on the hottest summer days. His staff finally had enough of the monstrosity. An aide confronted him: "Senator, the bad news is there was a fire at your house." Before the horrified Roth could say a word, the aide continued, "The good news is it was confined to your closet." The brown suit disappeared. But he still sticks to an offbeat wardrobe that seems a fitting...