Word: reaganization
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Dates: during 1990-1999
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Though Bush won't unveil his plan until the fall, team member Martin Anderson, who helped craft Ronald Reagan's tax cuts in 1981, told TIME last week that Bush's plan "is going to be significantly different from what the Republicans are doing now." Of course, the Texas Governor wants to cut taxes for the middle and upper classes, but sources tell TIME his plan will feature a series of proposals aimed at lowering the tax burden on families earning between $12,500 and $30,000 a year. When poor families begin to make more money, they gradually lose...
Former President Ronald Reagan has received the award but his successor, George Bush...
...move forward with a sound strategy that led us to this point, or to return to the reckless policies that threw our nation into stagnation and economic decline," boomed the president on Thursday. That last part, of course, is a canard. The last big tax cut was the Reagan mammoth of 1981, and though it did plunge the budget into $200 billion deficits, it also pulled the economy out of stagnation and economic decline, and laid the foundation for the '90s boom that today is paying those deficits...
...years ago, the GOP would have known it too. The tax cut is too damn big. It?s supposed to differentiate the Republicans from the Clintoncrats, and it certainly does. The problem is that all those years of rightward, ho! has left Clinton as the fiscal conservative (with a Reagan-appointed Fed chairman on his side) and Republicans as the fiscal profligates. The boomers already got their money in 1981; now that they?ve got leftovers, they want to squirrel some of it away for when they get old. For when their kids get old. To pay down the debt...
Cozying up to Taiwan is a Republican tradition as cherished as tax cuts. In 1980 Ronald Reagan defied his advisers and pledged to re-establish official relations with Taipei. Facing defeat in 1992, George Bush authorized the sale of 150 F-16s to Taiwan. Even Bob Dole talked about building a missile-defense shield over the Pacific to protect Taiwan from Chinese aggression...