Word: reaganized
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Former Republican Governor and Senator of Virginia; member of the Reagan Ranch Board of Governors...
...candidate a book of new ones, but McCain is enthusiastic in telling them, and the tale of the O'Reilly twins is usually met with gales of laughter. From there, he pitched into a surprisingly emotional denouncement of government pork that ends with a prop: "Ronald Reagan once gave me a pen" - holding up a pen. "This isn't it." Laughter. "But I'm going to use [it] to veto any bill with pork that comes across my desk...
...1970s even considered that real-world tax rates could be on the wrong side of the Laffer Curve. Laffer thought they might be, and Wanniski argued on the Journal's editorial page and elsewhere that they almost certainly were. The claim became a key plank of Ronald Reagan's successful 1980 campaign for President...
...things work out? Laffer is convinced that the reduction of the top tax rate from 70% to 28% during the Reagan years paid for itself--in part by encouraging the rich to stop finagling--and the evidence mostly backs him up. "You find these enormous responses in the upper brackets," Laffer says. "These guys fire their lawyers and accountants and actually pay their taxes. Yay! Isn't that what we want them...
...Reagan's tax cuts for the nonrich were big money losers, and it took the fiscal discipline of Bill Clinton to mop up the resulting red ink. Laffer gushes with praise for Clinton, but he's also a fan of Clinton's successor. "What Clinton did was, he gave Bush the fiscal flexibility to do what was right," Laffer says. In the face of the recession and terrorist attacks of 2001, Bush "needed to stimulate the economy and spend for defense, and Clinton gave him the ability to do that...