Ronald Reagan ran for president in 1976 and 1980 challenging the establishment's views on domestic economic policy and foreign policy vis-à-vis the Soviet Empire.
Reagan first defeated and then largely absorbed the Republican establishment on both domestic and foreign policy. Howard Baker, once a contender for the 1980 Republican nomination did vote for the Reagan income tax rate reductions, while calling them a "riverboat gamble." George Bush called supply side economics "voodoo economics" but then in 1988 signed a pledge to protect the lower rates. Bob Dole voted for the lower tax rates while bitterly criticizing supply side economics only to endorse marginal tax rate reduction when he ran for president in 1996.
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