President Ronald Reagan enacted one significant tax cut in 1981 -- and then allowed a series of smaller tax increases almost every year of his presidency. Another tax cut did not follow until 1997. President Bush has proposed and now signed tax cuts in 2001, 2002 and 2003. The old Republican promise was that a new president would fight for one tax cut and then oppose tax hikes. The new Republican policy is an annual tax cut. The strategy of annual tax cuts has united the center-right coalition and avoided the sort of conflict that bedeviled the 1981 tax cut,...