Showdown at Gucci GulchThe Tax Reform Act of 1986 was the single most sweeping change in the history of America's income tax. It was also the best political and economic story of its time. Here, in the anecdotal style of The Making of the President, two Wall Street Journal reporters provide the first complete picture of how this tax revolution went from an improbable dream to a widely hailed reality. |
Contents
The Beginnings | |
The Horse You Rode in | |
A Politician Comes to the Treasury | |
Write Rosty | |
The Phoenix Project | |
The Bear Takes One in the Back | |
The Gucci Boys Revenge | |
The TwoPitcher Lunch | |
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aides amendment American asked Baker and Darman began benefits Bob Packwood Bradley Brockway called campaign capital-gains Capitol chairman coalition committee’s conference Congress congressional corporate taxes Dan Rostenkowski debate deduction defeat Democrats Diefenderfer Dole effort eliminate favored Finance Committee floor Gephardt going income tax industry investment issue Jack Kemp Kemp knew lawmakers legislation lobbying lobbyists loopholes major markup McLure Means Committee meeting Mondale nation’s O’Neill Packwood Pearlman percent political politicians President Reagan president’s problem proposal provision raised repeal Representative Republican Richard Darman Ronald Reagan Rostenkowski Senate special interests staff supply-side tax bill tax breaks tax code tax cuts tax overhaul tax plan tax rates tax reform tax shelters tax system tax writers tax-free tax-reform bill tax-writing taxpayers thought told top rate top tax transition rules Treasury officials Treasury Secretary vote wanted Washington White House write-offs