Dole's Gamble

Why he took the leap, and how he and his brain trust hammered out a dramatic proposal

Munching pizza at his campaign headquarters on the night of July 11, GOP nominee-in-waiting Bob Dole subjected his economic advisers to a 2 1/2-hour grilling. Under mounting pressure to ignite his sputtering campaign with a dramatic economic plan, Dole had already signed off on a $500 billion-plus tax cut. But he had dithered for two months on specifics. Now, with the convention a month away, Dole had to figure out which taxes to cut and how much growth the cuts would produce.

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