Malcolm Stevenson ("Steve") Forbes, Jr., is the editor-in-chief of Forbes magazine, and the grandson of the magazine's founder, Bertie ("B.C.") Forbes. His net worth is estimated at more than $400 million. He ran for the Republican Party nomination for President in 1996 and 2000, winning the Arizona and Delaware primaries in 1996.
Forbes is a long-time economic conservative, who has publicly advocated repealing the 16th Amendment. He helped craft the 30% tax cut implemented by New Jersey Governor Christine Whitman in 1993. A central policy of both of his presidential campaigns was replacement of the progressive income tax with a flat tax.
Mr. Forbes is also a supporter of free trade, health savings accounts, school vouchers, term limits, and balancing the budget through downsizing.
(Other of his political positions seem more flexible. After losing the 1996 nomination race, he embraced social conservatism, reversing his positions on abortion and prayer in schools. He also embraced neoconservatism, becoming in 1997 one of the original signers of the Statement of Principles of the Project for a New American Century.)
Said Mr. Forbes:
I am proud to endorse Republican candidate Dr. Rand Paul for Senate.
As someone who has run an outsider campaign myself, I know something about taking on the establishment. I see in Rand someone who can take the fight from the Tea Parties to the Senate, and help take back our government and our country from the out of control, tax and spend liberals.
The American people need more than just another vote. They need a man of principle who will always stand up and fight. They need a citizen politician who will represent THEM.
Rand Paul will do the work to fight for lower taxes and spending and for more freedom in Washington. He'll fight for a constitutional amendment to balance the budget and for term limits. He'll fight to give back more of our rights, not take more away.
And then he'll go back home to Kentucky. I can't think of a better way to represent the people of Kentucky than to end the cycle of career politicians and pork barrel spending in Washington.
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Sources:
"Steve Forbes," Wikipedia (accessed Jan. 7, 2010) http://en.wikipedia.org/wiki/Steve_Forbes
"Steve Forbes Endorses Rand Paul for Senate" (press release), Business Wire, Jan. 7, 2010. http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100107006949&newsLang=en
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