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Former HUD secretary Jack Kemp will not seek theGOP nomination for president in 1996, Republican Party sources said today. Kemp, once a darling of the far right, reportedly told associates he could not mount a viable campaign at a time when he is out of step with the Party's increasingly aggressive agenda: He opposes term limits, favors tax cuts instead of a balanced-budget amendment and, unlike the vast majority of GOP members, backs federal incentives to combat urban poverty.