September 28, 2015

Quote of the Day

Jack Kemp shook things up--but with dramatic ideas about policy, not by pitting outsiders against insiders. The Republican establishment resented the gall of a backbencher's butting into tax policy. Democrats hated tax-cutting, even though Kemp kept reminding them that President John F. Kennedy first proposed lowering the top rate to 70% from 90%. Special interests were furious when Kemp proposed reducing their tax breaks. He once wrote Reagan's deficit-hawk budget director, David Stockman, demanding to know why Mr. Stockman wanted to raise taxes on working people and cut food stamps, Medicaid and Head Start, but keep subsidies and tax breaks in place for Boeing, Exxon and Gulf Oil. -- WSJ Ed Page
Quote of the Day Posted by John Kranz at September 28, 2015 11:13 AM
| What do you think? [0]