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...years could reach $500 billion if no adjustments were made in his program. In order to keep at bay this looming behemoth and bring interest rates down, Reagan accepted the need to raise new revenues. This pitted him against some of his usually most ardent supporters, like Congressman Jack Kemp of New York, who argue the supply-side theory that only by reducing taxes can the economy expand. The dispute, said Kemp, was "a historic clash of ideas...

Author: /time Magazine | Title: Scoring on a Reverse | 8/30/1982 | See Source »

Reagan threw all of his energy and prestige into the nitty-gritty fight. Aides said that he dug in his heels after he heard reports that his right-wing allies were doubting both his commitment to conservatism and his understanding of the tax bill. When he saw Kemp on TV arguing against the measure, the President asked his staff: "Why don't we meet with these guys again?" So 28 diehard conservatives were brought to the State Dining Room the night before the vote. John Hiler, 29, a first-term Congressman from Indiana, suggested that a no vote would...

Author: /time Magazine | Title: Scoring on a Reverse | 8/30/1982 | See Source »

...when he had to win the support of liberal and moderate Republican "Gypsy Moths" for his tax and spending cuts, Reagan this time was busy wooing rebellious conservatives. He quickly turned around Lyn Nofziger, his former political aide, who had instigated a meeting with New York Republican Congressman Jack Kemp and various New Right ideologues to plot against the tax increase. But Reagan could not budge Kemp, whose political future seems tied to the fate of the supply-side economics that he has long championed. "Jack," the President told him last week, "I wish you were with us on this...

Author: /time Magazine | Title: Reagan Says All Aboard | 8/23/1982 | See Source »

...Kemp presided over a two-hour discussion. Letter writing and rank-and-file pressure on Congress, the group decided, would be the principal tactics. The rich (1982 receipts: $4 million) National Conservative Political Action Committee will send letters to every Congressman, reminding each of the organization's campaign-funding clout. Viguerie will use the mail to deputize as lobbyists 4,500 conservatives outside Washington. The group agreed, however, to walk that fine, perhaps imaginary line between disagreement with and disloyalty to the President. Insists Supply-Side Apostle Roberts: "There were more Reaganites in that room than there...

Author: /time Magazine | Title: Thunder on the Right | 8/16/1982 | See Source »

...however: the Soviet Union has the edge in nuclear superiority and a freeze would favor the enemy. "If we freeze now," declared Representative Henry Hyde, Republican of Illinois, "it's like freezing with their hands at our throat." If the Zablocki resolution passes, warned New York Republican Jack Kemp, "you can just tell the negotiators in Geneva to pack their bags and come home...

Author: /time Magazine | Title: START: Freeze Gets the Cold Shoulder | 8/16/1982 | See Source »

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