Abstract
While the modern Republican Party is associated with supporting
tax cuts, this has not always
been the case. In the immediate post-New Deal era, Republicans
often eschewed tax cuts because
they viewed them as leading to budget deficits. Beginning in the
1970s, a conservative vanguard
of economists worked to change the Republican's aversion to tax
cuts. These economists
advocated supply-side economics, an unconventional theory that
stated among many things that
if the government lowered tax rates, it would paradoxically raise
tax revenues as it would
stimulate the economy. The public face of this movement was Jack
Kemp, a young and rising
congressman from eastern New York. I will argue that Jack Kemp was
able to rebrand the
Republican Party by changing its economic ideology and through
courting unconventional
constituencies.
Table of Contents
Introduction……………………………………………………………………..………………............1
Chapter 1: The GOP and the Balanced Budget
Ideal…………...……...............5
Chapter 2: Jack Kemp: Political
Entrepreneur……………………….…...……........21
Chapter 3: Building the Supply-Side
Coalition……………………...………....….....26
Chapter 4: Supply-Side Economics and the Reagan
Revolution………………..36
Conclusion…………………………………………………………………………………............…….43
Bibliography………………………………………………………………………………….............…45
About this Honors Thesis
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