Word: kemp
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...income taxes and prompting more business investment). As director of the Office of Management and Budget, he should put some ginger into Cabinet debates. In a memo to Reagan that became public just before his selection for OMB was announced, Stockman and a close friend, New York Congressman Jack Kemp, urged the President-elect to declare a "national economic emergency" immediately after Inauguration...
...long, fellas; we hate to see you go," the New and Revived Right began reshuffling its direct-mail listings for 1982. The arch-conservatives have claimed a healthy share of the credit for the GOP victory and now promise to redouble their assault on all liberals. Anyone left of Kemp-Roth, be he Democrat or Republican, had better head for cover, they warn...
...Sticking to the Kemp-Roth tax cut timetable, which would trim personal income levies by 10% a year for three years. While some of Reagan's more cautious advisers had earlier urged him to spread the reductions over five years, he insisted on the original proposal. But Reagan left room to change his position if the cuts fail to stimulate economic activity and turn out to be inflationary...
...strategic position." The Christian Science Monitor's Godfrey Sperling demurs: "[Edward Kennedy] seems well positioned to become the de facto head of the party-and to be its 1984 presidential candidate." Meantime, New York magazine's Michael Kramer knocks out the Republican early form: "Where is Kemp today? He is a front runner for the 1984 Republican presidential nomination (assuming Reagan is a one-termer), and there is only one other front runner-George Bush...
...personal and corporate taxes, increase defense spending and reduce the federal deficit-or his assertion that the economy can be returned to health without much cost to Americans in terms of lowered standards of living. Reagan endorses the views of so-called supply-siders like Congressman Jack Kemp and former Treasury Secretary William Simon, who want to spur growth by stimulating business investment rather than consumer spending. The President-elect maintains that the country can spend its way out of the slump without stoking inflation...