Word: taxing
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Dates: during 1980-1989
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Jeffords, who is about as liberal as Republicans get these days, was the only member of his party to vote against the Reagan tax cuts in 1981: he correctly predicted that they would produce large deficits. Since the two candidates differed so little on issues, Gray tried a negative campaign aimed mainly at Jeffords' acceptance of money from groups he helped. Eleven days before accepting $5,000 from a Teamsters PAC in 1987, Jeffords asked Attorney General Edwin Meese not to put the racket-ridden union under federal trusteeship. (Meese did so anyway.) A former state legislator and attorney general...
...have kept voters from focusing on Michael Dukakis' talking points. Of the 40% who told NBC/Wall Street Journal pollsters the deficit should be the top priority of the next President, 57% went for Bush, even though he virtually ignored the deficit in his campaign and promised not to raise taxes. Of the 39% of voters who think a tax increase will be necessary to reduce the budget deficit, 42% voted for Bush anyway...
What' s needed is modest increases that are so fair and sensible they virtually scream to be introduced. Financial writer Andrew Tobias offers a package of four tax hikes that would raise $40 billion a year without threatening to dampen growth. If the deficits can be held to $90 billion a year, they will eventually be dwarfed by the expanding economy...
...basketful of policy initiatives. As the first sitting Vice President to be elected since Martin Van Buren succeeded Andrew Jackson, Bush offers mostly continuity. His campaign produced enough new ideas to fill a 347-page campaign booklet. But the proposals, with the notable exception of a few tax-cutting ideas, were created more in response to political pressures than out of personal convictions...
...Bailing out faltering savings and loan companies and updating antiquated nuclear-production plans may require $70 billion more in new funding. Bush himself, by James Baker's count, has proposed $40 billion in additional spending for new domestic initiatives, including more than $6 billion in oil and capital-gains tax breaks. Upward pressure on the deficit will be inexorable. A combination of new user fees, tax-rate adjustments and other masking devices is the likely route Bush will take around his no-new-tax campaign pledge. Richard Darman's first job if he becomes Office of Management and Budget Director...