Word: roth
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...ideological purity--there could be no disjunction between politics and economics for David Stockman. The faith in the future and goodness of America, hard work and private enterprise was the same that inspired his confidence in the theories of Arthur Laffer and the tax cut of Congressmen Kemp and Roth...
...their latest outings, the three on going heroes of note in American fiction have succeeded in a variety of styles. Philip Roth's Nathan Zuckerman (Zuckerman Unbound) is famous; Updike's Harry Angstrom (Rabbit Is Rich) shuttles prosperously from Toyota dealership to marriage bed; and Thomas Berger's hefty and tenuous moralist, Carlo Reinhart, now 54, has risen above his customary blundering to become an Ohio Quixote tilting at Cuisinarts. Indeed, the redoubtable lummox actually triumphs over fate, women and his amazing girth...
Wanniski became Laffer's most avid apostle and spread the gospel of tax cutting with all the fervor of a circuit-riding preacher. An important early convert was Jack Kemp, a New York Congressman and former quarterback with the Buffalo Bills. In 1977 Kemp, together with Senator William Roth Jr. of Delaware, introduced a bill in Congress to reduce personal income taxes by almost 33% over three years...
AIthough the plan was defeated in Congress, the Kemp-Roth bill gained a loyal supporter: Ronald Reagan. As the 1980 presidential campaign began, the tax-cut proposal was the centerpiece of his economic policy. But when Reagan wrapped up the Republican nomination, the G.O.P.'s mainstream economists flocked to his fold, and the influence of Laffer, Wanniski and Kemp waned as old-line conservatives began having an impact. Among the most prominent: Alan Greenspan, Gerald Ford's chief
FICTION: Dad, William Wharton Ellis Island & Other Stories, Mark Helprin ∙The Hotel New Hampshire, John Irving On Heroes and Tombs, Ernesto Sábato ∙Riddley Walker, Russell Hoban ∙The Testament, Elie Wiesel ∙Zuckerman Unbound, Philip Roth...