Steve Forbes
Born	July 18, 1947 (1947-07-18) (age 60)
Occupation	Publisher

Malcolm Stevenson "Steve" Forbes Jr. Events 390 BC - Roman - Gaulish Wars Battle of the Allia - a Roman army is defeated by raiding Gauls, Year 1947 ( MCMXLVII) was a Common year starting on Wednesday (link will display full 1947 calendar of the Gregorian calendar. (born July 18, 1947), is the son of Malcolm Forbes and the editor-in-chief of business magazine Forbes as well as president and chief executive officer of its publisher, Forbes Inc. Events 390 BC - Roman - Gaulish Wars Battle of the Allia - a Roman army is defeated by raiding Gauls, Year 1947 ( MCMXLVII) was a Common year starting on Wednesday (link will display full 1947 calendar of the Gregorian calendar. Malcolm Stevenson Forbes ( August 19, 1919 – February 24, 1990) was Publisher of Forbes magazine, founded by Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly He was a Republican candidate in the U. S. Presidential primaries in 1996^[1] and 2000.

Biography

Personal life and education

Forbes was born in Morristown, New Jersey, the son of Roberta Remsen (née Laidlaw) and Malcolm Forbes. This article is about the Town of Morristown in New Jersey Other places in New Jersey with similar names are Morris Township, Morris Plains, and Moorestown Malcolm Stevenson Forbes ( August 19, 1919 – February 24, 1990) was Publisher of Forbes magazine, founded by ^[2] He is married to Sabina Beekman, and they have five daughters. Daughter Moira was named Publisher of ForbesLife Executive Women in 2007. Just as his children would do, Forbes attended Far Hills Country Day School. Far Hills Country Day School (also called FHCDS is a private Nonsectarian Coeducational Day school located in Far Hills, New Jersey He graduated cum laude in 1966 from Brooks School in North Andover, Massachusetts, and was in the Princeton class of 1970. North Andover is a town in Essex County, Massachusetts, United States. Princeton University is a private Coeducational research university located in Princeton, New Jersey. ^[3]

In 1996, years after the death of his father, he changed the name credited to him on the Forbes magazine masthead from Malcolm S. Forbes Jr. to the name he had been known as throughout childhood, Steve Forbes.

He served as an occasional guest host on the show History's Business on the History Channel.

Political career and views

Forbes won New Mexico and Delaware in the 1996 Republican presidential primaries

In 1993, Steve Forbes was an adviser to the campaign of his childhood friend, Christine Todd Whitman. New Mexico ( is a state located in the southwestern region of the United States of America. Delaware ( is a state located on the Atlantic Coast in the Mid-Atlantic region of the United States. Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar) Christine Todd "Christie" Whitman (born September 26, 1946) is an American Republican Politician and Author who ^[4] He helped craft Whitman's plan for a 30 percent cut in New Jersey's income tax over three years, and this plan proved to be a major factor in her defeat of incumbent Governor James Florio. James Joseph "Jim" Florio (born August 29, 1937) is a Democratic politician who served as the 49th Governor of New ^[5][6] After her election, Whitman proposed these tax cuts and they were enacted into law. Forbes made an issue of his role in these New Jersey tax cuts in his subsequent campaigns for the presidency.

Forbes entered the Republican primaries for President of the United States in 1996 and 2000, primarily running on a campaign to establish a flat income tax. The President of the United States is the Head of state and Head of government of the United States and is the highest political official in United States by 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. A flat tax (short for flat rate tax is a Tax system with a constant tax rate He also supported the ideas of re-introducing 4 1/2% mortgages and term limits in 1996, but dropped both in 2000 (as they were minor planks in his overall platform). A mortgage is the pledging of a property to a Lender as a security for a Mortgage loan. See also Rotation in office A term limit is a legal restriction that limits the number of terms a person may serve in a particular elected office

When Forbes ran for president in 1996 and 2000, he sold some of his Forbes Inc. voting shares to other family members to help finance his run. He did not come close to securing the Republican nomination, despite winning the Arizona and Delaware Primaries in 1996 and getting some significant shares of the vote in other primaries. In polls, voters were attracted to his passion to simplify the tax code, but found his idiosyncratic personal manner unbecoming a president. After dropping out early in the 2000 primary season, he returned to heading the magazine and company.

Major issues Forbes supports include free trade, health savings accounts, and allowing people to opt out 75% of Social Security payroll taxes into Personal Retirement Accounts (PRAs). Free trade is a system in which the trade of goods and services between or within countries flows unhindered by government-imposed restrictions A Health Savings Account (HSA is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Social Security, in the United States currently refers to the federal Old-Age Survivors and Disability Insurance ( OASDI) program Payroll tax generally refers to two kinds of taxes: Taxes which Employers are required to withhold from Employees Pay, also known as Withholding He supports traditional Republican Party policies such as downsizing government agencies to balance the budget, opposition to pollution control, opposition to gun control and drug legalization, tough crime laws and support for the death penalty, and school vouchers. Gun politics is a set of legal issues surrounding the ownership use and regulation of firearms as well as safety issues related to firearms both through their direct use and through Capital punishment, the death penalty or execution, is the Killing of a person by judicial process as Punishment. A school voucher, also called an education voucher, is a certificate issued by the government by which parents can pay for the Education of their children at a In terms of foreign policy, he called for a "US not UN foreign policy" (which is composed of anti-IMF sentiments, pro-Israeli sentiment, opposition to Most Favored Nation status for the People's Republic of China, and anti-UN sentiment. Foreign Policy is a bimonthly American Magazine founded in 1970 by Samuel P The United Nations ( UN) is an International organization whose stated aims are to facilitate cooperation in International law, International security The International Monetary Fund ( IMF) is an International organization that oversees the Global financial system by following the Macroeconomic For a topic outline on this subject see List of basic Israel topics. Most favoured nation (MFN also called Normal Trade Relations in the United States, is a status awarded by one Nation to another in International Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES )

His flat tax plan has changed slightly. In 1996 he supported a flat tax of 17% on all personal and corporate earned income (unearned income such as capital gains, pensions, inheritance, and savings would be exempt. A pension is a steady income given to a person upon Retirement, typically in the form of a guaranteed annuity. "Heir" and "Heiress" redirect here For the men and women fragrances endorsed by Paris Hilton see Heiress (fragrance. In common usage saving generally means putting money aside for example by putting money in the bank or investing in a Pension plan ) However, he supported keeping the first $33,000 of income exempt. In 2000 he maintained the same plan, but instead of each person receiving an exemption of $33,000, it more closely resembled the Armey Plan (Forbes's version called for a $13,000 per adult and $5,000 per dependent deduction). Observers noted that Forbes stood to save substantial amounts in taxes if such a proposal was enacted. Forbes himself is quite wealthy, with a net worth upwards of $430 million. For the film entitled Net Worth see Net Worth (film. In business net worth (sometimes called net assets) is the total Assets ^[1] In response to this criticism, Forbes promised in his 2000 campaign to exempt himself from the benefits of the flat tax.

In his 2000 campaign, Forbes professed his support for social conservatism along with his supply-side economics. Conservatism is a term used to describe political philosophies that favour Tradition, where tradition refers to various religious cultural or nationally defined Supply-side economics is an arguably heterodox school of Macroeconomic thought that argues that economic growth can be most effectively created using incentives for Despite holding opposite positions in 1996, for the 2000 campaign, Forbes announced he was adamantly opposed to abortion and supported prayer in public schools. An School prayer in its most common usage refers to state sanctioned Prayer by students in state Schools. The term public school has two distinct (and virtually opposite meanings depending on the location of usage in the United States, Australia and The previous year Forbes had issued a statement saying he would no longer donate money to Princeton University due to its hiring of philosopher Peter Singer, who views personhood as being limited to 'sentient' beings and therefore considers some disabled people and all infants to lack this status. Princeton University is a private Coeducational research university located in Princeton, New Jersey. Peter Albert David Singer (born July 6, 1946 in Melbourne, Victoria, Australia) is an Australian philosopher. Steve Forbes was one of the signers of the Statement of Principles of Project for the New American Century (PNAC) on June 3, 1997. The Project for the New American Century (PNAC was an American neoconservative Think tank based in Washington D Events 350 - Roman usurper Nepotianus, of the Constantinian dynasty, proclaims himself Roman Emperor, entering Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar

In December 2006, he joined the board of directors of the grassroots advocacy organization FreedomWorks. FreedomWorks is a conservative Non-profit organization based in Washington D On March 28, 2007, Forbes joined Rudolph Giuliani's campaign for the 2008 presidential election, serving as a National Co-Chair and Senior Policy Advisor. KBE Per, "Postnominal letters should be included when they are issued by a country or organization the subject has been closely associated with ^[7] He is also a member of the board of trustees of the Heritage Foundation, an influential Washington, D.C.-based public policy research institute. The Heritage Foundation is an American conservative Think tank. Washington DC ( formally the District of Columbia and commonly referred to as Washington, the District, or simply D ^[8]

He is a frequent panelist on the television program Forbes on Fox, which also features members of the Forbes magazine staff, and is shown Saturday mornings on Fox News Channel at 11:00 AM EST. Television ( TV) is a widely used Telecommunication medium for sending ( Broadcasting) and receiving moving Images, either monochromatic Forbes on Fox is an American Business analysis program the third show of the Cost of Freedom business block on Saturdays at 1100 The Eastern Time Zone ( ET) of the Western Hemisphere falls mostly along the east coast of North America and the west coast of South America

Forbes has been a resident of Far Hills, New Jersey, but is currently residing in Greenwich, Connecticut. Far Hills is a borough in Somerset County, New Jersey, United States. ^[9]

Political donations

For donations from 1999 to 2006, Forbes was the fourth most important contributor of political funds in America, with 15 donations totalling over $7 Million ^[10]

Saturday Night Live

On April 10th, 1996 the band Rage Against the Machine was scheduled to perform two songs on the NBC comedy variety show Saturday Night Live. Rage Against the Machine (sometimes shortened to RATM or Rage) is The show was hosted that night by Steve Forbes. According to an unidentified RATM member, "RATM wanted to stand in sharp juxtaposition to a billionaire telling jokes and promoting his flat tax by making our own statement. "

To this end, the band hung two upside-down American flags from their amplifiers. Seconds before they took the stage to perform "Bulls on Parade", SNL and NBC sent stagehands in to pull the flags down. The inverted flags, says Morello, represented:

“ Our contention that American democracy is inverted when what passes for democracy is an electoral choice between two representatives of the privileged class. America's freedom of expression is inverted when you're free to say anything you want to say until it upsets a corporate sponsor. Finally, this was our way of expressing our opinion of the show's host, Steve Forbes. ”

The band's first attempt to hang the flags during a pre-telecast rehearsal on Thursday were frustrated by SNL's producers, who "demanded that we take the flags down," according to Morello, "They said the sponsors would be upset, and that because Steve Forbes was on, they had to run a 'tighter' show. " SNL also told the band it would mute objectionable lyrics in "Bullet in the Head" (which was supposed to be RATM's second song), and insisted that the song be bleeped in the studio because Forbes had friends and family there.

On the night of the show, following the removal of the flags during the first performance, the band was approached by SNL and NBC officials and ordered to immediately leave the building. Upon hearing this, RATM bassist Commerford reportedly stormed Forbes' dressing room, throwing shreds from one of the torn down flags.

References

External links

• Steve Forbes at Forbes
• http://www.4president.org/brochures/steveforbes1996brochure.htm
• http://www.4president.tv/
• http://www.wordwiz72.com/flattax.html
• Forbes throws weight behind Giuliani
• Steve Forbes Joins Team Rudy as National Co-Chair and Senior Policy Advisor
• RightWeb profile of Steve Forbes
• SourceWatch profile of Steve Forbes
• Profile: Steve Forbes, Center for Cooperative Research. Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly
• "Capitalist Tool II: Defending Dynamism", interview with Reason by Virginia Postrel and Charles Oliver
• "Confront Iran to bring oil prices down" April 2006 from $70+ to $15 per barrel