The Week, Apr. 17, 1995




Well, They Did It

Newt Gingrich kept his promise: the new Republican majority in the House of Representatives capped its first 100 days of power by passing the final bill in its "Contract with America": a five-year, $189 billion corporate- and personal- income-tax cut that Speaker Gingrich called the "crowning jewel" of the party's agenda. Democrats unsuccessfully assaulted the package as a budget-busting giveaway to the rich. The parties' volleys set the front lines for the upcoming battle in the more fiscally conservative Senate, where the fate of the tax cuts-and the rest of the House's...

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