Magazine content is available exclusively for TIME subscribers.A Wealth of Tax Objections
The President defends his plan
It was an enthusiastic partisan crowd of 2,000 that gathered last week at a fund-raising banquet in Chicago for Republican Governor James R. Thompson, and the guest speaker took full advantage of the forum to lash out at Democratic critics of his tax-cut bill. "Our proposal is not a 'rich man's windfall,' as some have falsely charged," said President Ronald Reagan to applause. "It is fair, it is equitable, and it is compassionate."
The President's attack was designed to blunt mounting criticism from House Democrats that the Administration's tax...
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