Kevin Phillips: “The GOP has never met a tax cut it didn’t like, and that weakness may pave the way for a repetition of the 1981-92 recession.” With Federal Reserve chairman Greenspan having gone forked-tongued on this one already (he knows where his bread is buttered), and the doubts expressed by new Treasury secretary Paul O’Neill being steamrolled over, keep your fingers crossed for the misgivings of Charles Grassley (R., Iowa), new chairman of the Senate Finance Committee, and William Thomas (R., Calif.), new chairman of the House Ways and Means Committee to amount to something.