John Coyne Book Review for Washington Times

BOOK REVIEW: ‘Jack Kemp: The Bleeding-Heart Conservative who Changed America’

Excerpt:

The authors credit Kemp with persuading Ronald Reagan in 1980 to make his tax-cut bill, “Kemp Roth,” a centerpiece of economic policy and the basis of Reaganomics, with its main features incorporated into the Economic Recovery and Tax Act of 1981. As a result, in that year the top tax rate dropped to 50 percent from 70 percent, and in 1986 to 28 percent, with middle-income taxpayers enjoying similar reductions.

These Reagan-Kemp tax cuts, write the authors, “set off an economic boom that lasted into the 2000s” — a boom that blew away the remnants of President Carter’s “malaise,” boosted morale at home and restored our standing abroad, laying the economic groundwork for the ultimate defeat of the Soviet Union and a renewed belief in democratic capitalism.

“The achievements of the 1980s were mainly Reagan’s,” the authors write, “but their economic underpinning was Kemp‘s.”

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