Word: steve
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Dates: during 1990-1999
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...FLAT TAX WERE A PERSON, it would be a little like Steve Forbes: straightforward and artless on the outside, more complex on closer examination. The political appeal of Forbes' flat tax--a single, 17% rate on all income above a generous personal exemption, and no deductions--lies in its apparent simplicity and its promise to close loopholes for the wealthy and well connected. The proposal has economic appeal as well: a simpler tax code could boost middle Americans' stagnant incomes, in part by freeing much of the $80 billion-plus that individuals and businesses now spend each year...
...SHOULD HAVE BEEN there a few weeks ago when Steve Forbes held one of his campaign bashes at New York City's Waldorf-Astoria Hotel. Joan Rivers emceed. The $1,000-a-plate tables were flush with interested parties like Alan ("Ace") Greenberg, head of the prominent investment firm Bear Stearns, and Leonard Lauder of the Estee Lauder cosmetics family. More than 1,400 people attended, which meant about $1.2 million for the campaign treasury. It was a big night for Forbes, his most successful fund raiser...
...denounced Steve Forbes' flat-tax plan, for example, as something "drafted on the back of a menu . . . with the boys down at the yacht basin." But his own tax plan would cut inheritance and capital-gains taxes as well as income taxes for the wealthy. The legendary rationale for this kind of tax cut is that if you pump enough wealth uphill, sooner or later some of this money will trickle down to ordinary people in the form of decent-paying jobs. But this can't work when there are, as Buchanan himself says, "two economies" instead of one. Downsizing...
Consider this week's issue. When it became apparent that Steve Forbes was breaking out of the G.O.P. primary pack, in good measure on the strength of his flat-tax proposals and his personal fortune, our editors saw the perfect opportunity for a cover story examining both an important idea and the man who has tried to embody it. At the same time, however, the issue was to include TIME's second annual survey of the State of the Nation, a comprehensive snapshot of the social and economic condition of the U.S. today, and the national mood that arises from...
...often suspect that Priscilla has some kind of antenna in her office that picks up new ideas and stories before anyone else has tuned into them," says assistant managing editor Steve Koepp. Of course, if there's a gene for journalism, Painton may enjoy a hereditary advantage. Her father Fred Painton is a TIME writer of long standing. Because he was frequently posted abroad, his daughter was born in Rome and graduated from high school in Paris, where, she says, "politics is inhaled with the first breath...