Tag Archives: history

Paying Tribute To the Man Who Sold Reaganomics To Ronald Reagan

Jack F. KempBookmark and Share    Today marks the thirtieth anniversary of Ronald Reagan’s signing of the Kemp-Roth Tax Cut Act of 1981. The bill’s official legislative name was the Economic Recovery Tax Act. The legislation was authored by Jack Kemp in conjunction with Senator William Roth. Both men were co-sponsors of the legislation but Jack Kemp was the main architect and  the man  credited  for  “selling Reaganomics to Ronald Reagan.”    Then Congressman Jack Kemp, had introduced the Economic Recovery Tax Act in the House, several times before  the 1981 legislative session, but Democrat Congressional leaders and a Democrat President failed to move on it.

But once Reagan became President, he took the initiative to act on it and successfully pushed The Kemp-Roth bill through Congress. Were it not for Reagan, the economy-saving legislative initiative may never have passed, but were it not for Jack Kemp, it may never have existed in a way that was quite as strong and definitive as it wound up being.

The Kemp-Roth Tax Cut amended the Internal Revenue Code of 1954 and was responsible for encouraging the economic growth through:

  • The reduction of individual tax rates;
  • By expensing depreciable property; and
  • Creating incentives for savings and other small businesses.

The main features of the Act were responsible for:

  • Reducing the tax rates by 25% over three years;
  • Accelerating depreciation deductions;
  • Indexing of individual income tax parameters;
  • Excluding income of two earner married couple by 10 %;
  • Reducing windfall profit taxes; and
  • And expanding provisions for employees stock ownership plans.

Once enacted, the days of malaise that existed under the old tax code during the Carter years, turned into the days of rejuvenation. It took a while to actually turn the economy around but it didn’t take as long as many predicted and once the economy did turn the corner, it took off.

Jack Kemp is no longer with us , but if he was I am sure he would repeat the following words that he once spoke:

“Every time in this century we’ve lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.”

And he would be right.

We need more leaders like Jack Kemp today, but until one is found, we have the Kemp legacy to help guide us, and hopefully we will soon have leaders who will see that light that Jack Kemp, William Roth, and Ronald Reagan once shed upon us with their faith in less government, less spending, less taxation, and more freedom.

Today however, on this thirtieth anniversary of the signing in to law of the 1981 Economic Recovery Tax Act (ERTA), I ask that you pay homage to Jack Kemp by visiting a Facebook page that has been dedicated to him, his life, his work and his legacy. Please visit the Jack F. Kemp Facebook page and press the “like” button. Show your appreciation for him, his leadership and his belief in people more than government, and the free market than the government bureaucracy

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Presidential Seal Falls As Fast As President Obama’s Poll Numbers

Bookmark and Share     You just can’t create better symbolism than this,  but amid a midterm election season that is about see Democrats drop like flies and is seeing faith in President Obama and his policies drop like a ton of bricks, while delivering a speech at the Carnegie Mellon Auditorium in Washington for Fortune magazine’s “Most Powerful Women Summit” , the Great Seal of the President of the United States which adorns every podium that all Presidents speak from, fell off and crashed to the ground in a raucous clatter.  

For his part, President Obama did handle the situation quite well, especially given how there were no words on his teleprompter to dictate to him how to handle the impromptu interruption.  As the Great Seal fell off in mid sentence, President Obama  uttered an “oops” as he leaned over, looked on the ground at the fallen seal and stated, “That’s alright.  All of you know who I am”.  The President then quipped about how although it was alright, he was sure someone on staff was sweating bullets over the mishap.

The incident though brings to mind the often touted Murphy’s Law which describes the 2010 midterms for Democrats perfectly as it claims that anything that can possibly go wrong, does.  

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SARAH CINCHED IT

For over two months I have done all that I can to help influence John McCain’s vice presidential selection.You see, I did not support John McCain for president. I supported Mitt Romney for President. Then Fred Thompson entered the race and I backed him but although I was their for Thompson’s campaign, Thompson didn’t show up to his own campaign. So I went back to Mitt Romney. I felt that Romney offered more of a true adherence to conservative principles than did McCain. I liked his freshness on the national stage, his positions on the issues, his integrity, history of success and his ability to articulate the issues and his positions on them.

However, when the battle for the nomination was over and the dust settled, I knew I would be supporting John McCain’s candidacy for president. For me the starkly different directions that our choices offer made my support unquestionable. I could not ignore the facts and sacrifice the next four years of our nation‘s future by letting Barrack Obama, (or as his running mate calls him, “Barrack America) take hold of the reigns of power.

Although I was convinced of my support, I was leery. Immigration and taxes were my most pressing concerns with McCain and I was not enthusiastic. The one thing I needed for him to do to convince and energize me was to give a sign, a sign that he was willing to embrace the Reagan Republican conservative principles that we need to enforce in government.

For me that sign was in the selection of his vice president. In the first official debate, which was actually more a well done forum and less a debate, McCain said all the right things but I was still not convinced. His first major decision, the one for vice president, was what I really looked to for the assurances that I needed.

As a political consultant I wanted someone that would help him to help republicans win. That type of help would come by having someone selected as running mate that would reinforce McCain’s maverick image as a reformer. Such a quality would help win over those much treasured and important independent voters. I also knew that his choice must be someone that would also energize McCain’s base, the conservative base, people such as myself.

Scanning the political scenery, there was my man Mitt. He would still bring to the table all that we need and was right on the issues. However his wealth would be hung around the neck of our party and he did not have the cross over appeal that McCain needs.

There was Huckabee, an articulate guy with an ability to endear himself to people and a southerner that could help lock up the south. But by all rights, McCain should not have much trouble delivering the south and it’s electoral votes. In my eyes Mike Huckabee was good but still lacking the oomph that McCain needed.

For me, that left Haley Barbour of Mississippi or John Thune of South Dakota. But again both of these deserving men lacked the edge we needed. So with my consulting hat on I tried to look for the illusive “oomph” that we needed combined with the Reaganesque philosophy that I want in a potential president.

In the face of a candidate running on “change” I know we need to highlight one of McCain’s greatest characteristics……his maverick, reform minded image. I also wanted to match the sense of historic value that Obama’s color had running for the Democrats.

As someone who is not just a casual observer of politics, but in fact, an obsessed student of it, all roads led to one person. A governor, a woman governor named Sarah Palin.

I was aware of her activity and her experience. I knew the natural progression of events which led to her ability to turn Alaska politics on it’s ear.

She was a successful Mayor, small town or not. She rooted out corruption on an Alaskan oil commission and the fact that the corruption she saw was being carried out by fellow Republicans did not prevent her from rooting it out. Actually it was the impetus for her being able to take on the powerful, Republican, Alaskan Governor Frank Murkowski and defeat him in a primary election battle for his own seat.

I was aware of the fact that this first term, Alaska, governor championed reform, knew that taxes were a burden that need to be alleviated and not implemented as a solution and I knew that she was the most convincing and strongest voice on an issue of utmost importance in this election…energy.

Combining all this with the fact the she embraces the ideology I want implemented in government along with her record of doing so and the fact that she was a she, well I just knew that this woman was the right woman at the right time. She fit the logistics of this campaign, and of this time, better than anyone else, including Mitt Romney.

Now that I found the right piece of the puzzle I could only hope and pray that John McCain would see how well it fit too. I wanted him to pick Sarah Palin as his running mate and prove to me that he has the judgment that we need and that he was the conservative that he claims to be.

As we all now know, last Friday, John McCain did so and in doing so the hell gates opened and the slander mongers went into overdrive. In subsequent blogs we will get into this but for now let us deal with the fact that our inevitable nominee did the right thing by choosing Sarah Palin and rejoice.

With all the left wing attacks, their double standard, blatant disdain for Republicans and relentless scrutiny of her family, there was just one hurdle to cross….the first impression, her acceptance speech.

Well tonight we heard it and the left, including the drive-by media, got it and got it good.

Sarah Palin lived up to her nickname Sarah Barracuda, and she did so with precision, dignity and conviction. Her acceptance speech allowed me to let out a deep sigh of relief before I jumped to my feet with jubilation, enthusiasm and gratitude. I was relieved that she passed the first major test of her worthiness for the job . I knew that she had the qualities, record and ability for the job but could she convey it all in one speech that would provide for her first national impression.

She did!

And so tonight I am convinced. I am convinced in John McCain and his being a hero that will provide us with a heroic administration of leadership as our president. I am convinced and I am energized.

Hence the creation of this blog.

John McCain has won me over and Sarah Palin has inspired me. So much so that
I vow to not allow these two people or my party to be discredited by the radical left anymore. No longer will I allow the dirty deeds of democrats to go ignored. I shall not fight fire with fire. I will take a lesson from the leader of the next generation entrusted with the conservative agenda, the lady I call Fire and Nice, Sarah Palin, and I will not act like democrats. I will not lie and cheat. I will not distort the facts but I will present the facts. This will be much to the dismay of today’s liberal Democrats because the facts are not kind to them but armed with those facts I can and will tell the truth. I will not need to stoop to the level that the liberal media and party hacks do in their politics pursuits. That does not mean I will not hurt their feelings. It just means that in light of the left wing media and the party they openly make allegiance to, I will speak the truth that they do not.

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