Word: tax-cutting
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...spent several days on the road together. The night before the speech, Dole invited Bennett to a meeting at the Hotel Sofitel in Los Angeles. With his press secretary Nelson Warfield and California campaign chief Ken Kachigian also in the room, Dole talked mainly about his upcoming tax-cut proposals. When he asked Bennett how best to sell them to the public, Bennett was ready. "The person to push this economic plan," he said, "is Jack Kemp...
...Jackson Hole, Wyoming, where the President will spend this week feigning indifference to the Republican hoopla in San Diego. And Kemp? "We'll kill him on his economic ideas," says a White House strategist. The Clinton campaign was already running TV spots last week blasting Dole's Kemp-flavored tax-cut ideas as a "risky, last-minute scheme that would balloon the deficit." And Kemp's charisma, say the President's advisers, will only make Dole seem more inert...
...economic question about Bob Dole's tax-cut proposal, and campaign advisers are happy to give a political answer. For instance, Why did Dole make a 15% slash in individual income-tax rates the centerpiece of his economic program rather than feature a more complex, rival alternative? Because it's easier to explain to voters, says Michigan Republican Senator Spencer Abraham, who helped sell Dole on the idea. Whatever the economic merits of the other plan, "people would have to think about their adjusted gross income and payroll tax. The concept doesn't translate to everyone...
...candidate's forthcoming economic program will feature sweeping tax cuts. That has kept Republican supply-siders quiet but exposed the candidate to some heavy hits for supposedly abandoning his 35-year devotion to budget balancing. Democratic Senator James Exon of Nebraska, for example, jeers that Dole is becoming a "tax-cut candy man." Such sneering is at best premature. Much of it has been based on a 14-page memo from economists advising the campaign that has been widely leaked but was only a preliminary version of what wound up in Dole's hands...
...Senate Finance Committee, the G.O.P.'s tax cut moved forward. On a party-line 11-to-9 vote, the panel approved the $245 billion G.O.P. tax-cut package that, among other things, would create a $500-per-child tax credit for couples earning up to $110,000 and slash capital-gains taxes...