Dick Morris' brain was in orbit. It was late July, and the President's political consultant--the co-author of his campaign message and advertising, the strategist who helped Clinton scoop up Republican issues and ideas on his way to a double-digit lead over Bob Dole--was returning again and again to a problem he thought might hurt Clinton's re-election. Not welfare reform, because Morris had already won that fight, but taxes. Clinton had promised a middle-class tax cut in 1992 but delivered a tax increase on the wealthy instead. Now Dole was getting ready to hammer Clinton with his own 15% solution.
"We must...