Tax Reform's Split Personality

Tax cuts are at the top of Capitol Hill's agenda, thanks to the tidal wave that swept Republicans into control. Representative Bill Archer of Texas and Senator Bob Packwood of Oregon, the new chairmen of the revenue committees, must make GOP promises of massive tax relief a reality. Two more different characters would be hard to find. Archer is an anti-tax conservative who passionately believes in less government. Packwood is more moderate on social issues, less ideological about taxes. The two, says a GOP aide, are the "Dr. Jekyll and Mr. Hyde of taxes."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.