The Contract with America was so far to the right that it only hurt House Republicans, right? Wrong. Hoover fellows David Brady, John F. Cogan, and Douglas Rivers join together for an analysis of the 1996 election results.
Columnist and Hoover media fellow Bruce Bartlett calculated that a 15 percent tax-rate cut would be just enough to roll back President Clinton's tax increases. Bartlett mentioned his idea to a senator named Spencer Abraham, who mentioned it to a senator named Bob Dole.
Nobel Prize-winner and Hoover fellow Gary S. Becker had never set foot in the Capitol building before getting an invitation from Senator Dole. But Becker believed that the country needed new economic initiatives, so off to Washington he went. Here he describes how the Dole plan would have fostered the formation of human capital.
Wouldn't the Dole plan have been Reaganomics all over again? Voodoo Two? Hoover fellow and Stanford economics professor Michael J. Boskin points out that Reagan's tax cut wasn't voodoo in the first place-and that Dole's plan wasn't black magic either.