Word: kemp
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WASHINGTON, D.C.: Flanked by Newt Gingrich and Bob Dole, former housing secretary Jack Kemp presented the long-awaited report of his tax commission at a press conference, proposing "a roadmap for a totally new tax code for America as we enter the 21st century." The 14-member panel called the current tax code a "7 million-word mess" and endorsed a flat tax, while leaving out specifics on what percentage should be taxed and what, if any, deductions should be preserved. Instead, the plan's centerpiece is "The Tax Test:" twelve principles to guide the creation of a fairer, flatter...
...extensive TV advertising has propelled the issue to the forefront of Campaign '96. "This is a blueprint for revitalizing America," Gramm boasted Tuesday from New Hampshire, while predicting voters would lose interest in Forbes' plan since it doesn't tax investment income. Meanwhile, in Washington, former housing secretary Jack Kemp's tax commission issued its long-awaited report on tax 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...
...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 to endorse it. The idea is picking up so much steam that the real estate lobby is planning to broadcast radio commercials in Iowa...
...Kemp Commission will attempt to duck the toughest issues. It will advocate a tax with a single, low rate to replace the current five-rate system. But it will leave to the politicians the question whether to keep, trim or discard the mortgage-interest and charitable write-offs. It also will leave open the possibility of retaining the tax incentives for retirement plans like the 401(k). A partial draft of its report does not say where the flat rate or the personal exemption should be set. Although the draft does not contain it now, the report might even allow...
...America, he needed something more upon which to build a mass movement. In place of the old conservative caution, Gingrich, one of the most absorbent if not always discriminating minds in national politics, has concocted a stew of beliefs that blends the sunny economics of Ronald Reagan and Jack Kemp, the stern moralism of the Christian right and enough giddy futurism either to excite or to frighten his followers. He dubbed himself a "conservative revolutionary," one of the greatest political oxymorons ever invented. He saw that it simply wouldn't do to carp about the Great Society. He invented something...