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Malcolm Stevenson "Steve" Forbes
Forbes
Jr. (/fɔːrbz/; born July 18, 1947) is an American publishing executive, who was twice a candidate for the nomination of the Republican Party for President of the United States. Forbes
Forbes
is the Editor-in-Chief of Forbes, a business magazine. Forbes was a Republican candidate in the 1996[1] and 2000 Presidential primaries. Forbes
Forbes
is the son of longtime Forbes
Forbes
publisher Malcolm Forbes, and the grandson of that publication's founder, B.C. Forbes.

Contents

1 Early life 2 Education 3 Political career and views

3.1 Early political career 3.2 Campaigns for president and major issues 3.3 Other political activities

4 Political endorsements 5 Personal life 6 Bibliography 7 References 8 External links

Early life[edit] Forbes
Forbes
was born in Morristown, New Jersey, to Roberta Remsen (née Laidlaw) and Malcolm Forbes.[2][3] Forbes
Forbes
grew up wealthy in the town of Far Hills, New Jersey. Education[edit] Forbes
Forbes
attended the prestigious Far Hills Country Day School. In 1966, Forbes
Forbes
graduated "cum laude" from Brooks School
Brooks School
in North Andover, Massachusetts, and from Princeton University, New Jersey, in 1970.[4] While at Princeton, Forbes
Forbes
founded his first magazine, Business Today, with two other students. Business Today is currently the largest student-run magazine in the world.[5] Forbes
Forbes
is a member of Alpha Kappa Psi
Alpha Kappa Psi
and Tau Kappa Epsilon.[6] He holds honorary degrees from several universities, including New York Institute of Technology and Lehigh University.[7] Political career and views[edit] Early political career[edit] In 1985, President Ronald Reagan
Ronald Reagan
appointed Forbes
Forbes
as head of the Board of International Broadcasting (BIB), Radio Free Europe/Radio Liberty Forbes
Forbes
helped craft Christine Todd Whitman's[8] plan for a thirty percent cut in New Jersey's income tax over three years, and this plan proved to be a major factor in her victory over incumbent Governor James Florio.[9][10] Campaigns for president and major issues[edit]

Logo from 1996 campaign

Forbes
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. Forbes
Forbes
also supported the ideas of re-introducing 4½% mortgages and term limits in 1996; however, dropped both in 2000 (as they were minor planks in his overall platform). When Forbes
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. Forbes
Forbes
did not come close to securing the Republican nomination, despite winning the Arizona
Arizona
and Delaware primaries in 1996, and getting some significant shares of the vote in other primaries. Forbes' awkward campaigning style was considered to be a major factor in his defeat.[11] Time Magazine
Time Magazine
called his stumping a "comedy-club impression of what would happen if some mad scientist decided to construct a dork robot"[11] For his 2000 presidential campaign, he raised $86,000,000 in campaign contributions, of which $37,000,000 was self-donated.[12]

Logo from 2000 campaign

After dropping out early in the 2000 primary season, Forbes
Forbes
returned to heading the magazine and company. During the 1996 campaign, insiders at Fortune alleged that stories about Forbes' advertisers became favorably biased toward them.[13] Major issues Forbes
Forbes
has supported include free trade, health savings accounts, and allowing people to opt out 75% of Social Security payroll taxes into personal retirement accounts (PRAs). Forbes supports traditional Republican Party policies such as downsizing government agencies to balance the budget, tough crime laws and support for the death penalty, and school vouchers. Forbes
Forbes
opposes gun control and most government regulation of the environment, as well as drug legalization and same-sex marriage,[14] in spite of his father being gay.[15] In terms of foreign policy, he called for a "US not UN foreign policy" (which is composed of anti-International Monetary Fund sentiments, pro-Israeli sentiment, opposition to Most Favored Nation status for the People's Republic of China, and anti-UN sentiment.) Forbes
Forbes
flat tax plan has changed slightly. In 1996, Forbes
Forbes
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.) However, Forbes
Forbes
supported keeping the first $33,000 of income exempt. In 2000, Forbes
Forbes
maintained the same plan; however, instead of each person receiving an exemption of $33,000, it more closely resembled the Armey Plan (Forbes' version called for a $13,000 per adult and $5,000 per dependent deduction). Forbes
Forbes
is very wealthy, with a net worth in 1996 of $430 million.[1] In response to this criticism, Forbes
Forbes
promised in his 2000 campaign to exempt himself from the benefits of the flat tax, although he did support the repeal of the 16th Amendment in a debate with Alan Keyes
Alan Keyes
the previous year. In his 2000 campaign, Forbes
Forbes
professed his support for social conservatism along with his supply-side economics. Despite holding opposite positions in 1996, for the 2000 campaign, Forbes
Forbes
announced he was adamantly opposed to abortion and supported prayer in public schools. The previous year Forbes
Forbes
had issued a statement saying he would no longer donate money to Princeton University
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. Steve Forbes
Forbes
was one of the signers of the Statement of Principles of Project for the New American Century (PNAC) on June 3, 1997. Other political activities[edit] In 1996, Forbes
Forbes
campaigned on behalf of Ron Paul
Ron Paul
in the congressional election for Texas's 14th congressional district.[16] In December 2006, Forbes
Forbes
joined the Board of Directors of the advocacy organization FreedomWorks. Forbes
Forbes
is also on the board of directors of the National Taxpayers' Union. Forbes
Forbes
is also a member of the board of trustees of The Heritage Foundation, an influential Washington, D.C.-based public policy research institute.[17] Forbes
Forbes
is a frequent panelist on the television program Forbes
Forbes
on Fox, which also features members of the Forbes
Forbes
magazine staff, and is shown Saturday mornings on Fox News Channel
Fox News Channel
at 11:00 am EST. On March 28, 2007, Forbes
Forbes
joined Rudy Giuliani's campaign for the 2008 Presidential election, serving as a National Co-Chair and Senior Policy Advisor. Later in the 2008 presidential campaign, Forbes
Forbes
served as John McCain's Economic Adviser on Taxes, Energy and the Budget during McCain's bid for the 2008 Presidential election.[18] In March 2013 Forbes
Forbes
participated in a NPR
NPR
broadcast Intelligence Squared debate with James Grant, Frederic Mishkin and John R. Taylor jr. concerning the motion "Does America Need A Strong Dollar Policy?".[19] Political endorsements[edit] On January 7, 2010, Forbes
Forbes
announced his endorsement of Rand Paul, Republican candidate for the U.S. Senate
U.S. Senate
in the Commonwealth of Kentucky.[20] On January 28, 2010, he formally endorsed Marco Rubio, Republican candidate for the U.S. Senate
U.S. Senate
in the State of Florida.[21] He endorsed incumbent U.S. Senator John McCain, Republican of the State of Arizona
Arizona
for re-election in 2010.[22] On July 28, 2010, he formally endorsed Peter Schiff, Republican candidate for the U.S. Senate
U.S. Senate
in the State of Connecticut.[23] On August 13, 2010, he announced his endorsement of Jim Huffman, Republican candidate for the U.S. Senate
U.S. Senate
in the State of Oregon.[24] On August 26, 2010, Forbes
Forbes
formally endorsed Mariannette Miller-Meeks, Republican candidate for the U.S. House of Representatives
U.S. House of Representatives
in the 2nd Congressional District of Iowa.[25] On September 2, 2010, Forbes
Forbes
formally endorsed State Representative Justin Amash, Republican candidate for the U.S. House of Representatives in Michigan's 3rd congressional district.[26] On October 12, 2010, Forbes
Forbes
formally endorsed Bill Hudak, Republican candidate for the U.S. House of Representatives
U.S. House of Representatives
in Massachusetts's 6th congressional district.[27] In 2011, Forbes
Forbes
endorsed Texas Governor Rick Perry
Rick Perry
for President in 2012.[28] Personal life[edit] In 1971, he married Sabina Beekman. They have five daughters, including Moira Forbes.[29] Bibliography[edit]

Forbes, Steve (1999). The New Birth of Freedom: Vision for America. Washington, DC: Regnery Publishing. p. 204. ISBN 978-0895263209. OCLC 475198964.  Forbes, Steve (2005). Flat Tax Revolution: Using a Postcard to Abolish the IRS. Washington, DC: Regnery Publishing. p. 216. ISBN 978-0895260406. OCLC 60558651.  Forbes, Steve (2012). Freedom Manifesto: Why Free Markets Are Moral and Big Government Isn't. Crown Business Publishing. p. 304. ISBN 978-0307951571.  Forbes, Steve; Ames, Elizabeth (2015). Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity. McGraw-Hill Education. p. 224. ISBN 978-1259641121. 

References[edit]

^ a b Mitt Romney to report financial assets of at least $190 million Fox News ^ "Milestones: Nov. 4, 1985". Time. April 18, 2005. Retrieved May 24, 2010.  ^ "Ancestry of Steve Forbes
Forbes
(b. 1947)". Retrieved October 16, 2015.  ^ Bumiller, Elisabeth. "POLITICS: ON THE TRAIL;In Political Quest, Forbes
Forbes
Runs in Shadow of Father", The New York Times, February 11, 1996. Accessed December 11, 2007. "Christine Todd, Mr. Forbes's childhood friend from the Far Hills Country Day school, would grow up to become Governor Whitman... His son went off to the Brooks School
Brooks School
in North Andover, Mass., then on to Princeton, Malcolm Forbes's alma mater." ^ "Lyceum Series – March 20, 2007: Steve Forbes". ULM University of Louisiana at Monroe. Retrieved October 16, 2015.  ^ " Tau Kappa Epsilon
Tau Kappa Epsilon
Fraternity :: News". Retrieved October 16, 2015.  ^ Sellers, Bob (2010-06-17). Forbes
Forbes
Best Business Mistakes: How Today's Top Business Leaders Turned Missteps into Success. ISBN 9780470768334.  ^ "Crossfire". CNN. Retrieved May 24, 2010.  ^ "Welfare states – benefits of tax cuts". National Review. Archived from the original on 2006-04-16.  ^ "Nowhere Girl". National Review. Archived from the original on 2007-10-16.  ^ a b CALVIN TRILLIN Monday, Feb. 26, 1996 (February 26, 1996). "Primary Fixation". TIME. Retrieved March 21, 2011. CS1 maint: Multiple names: authors list (link) ^ "Steve Forbes
Forbes
– $86,012,139 raised, '00 election cycle, Republican Party, President". Retrieved October 16, 2015.  ^ POLITICS: ON THE TRAIL;In Political Quest, Forbes
Forbes
Runs in Shadow of Father ^ Steve Forbes:On The Issues OnTheIssues.com ^ Bumiller, Elisabeth. "POLITICS: ON THE TRAIL;In Political Quest, Forbes
Forbes
Runs in Shadow of Father", The New York Times, February 11, 1996. Accessed December 14, 2009. ^ Caldwell, Christopher (July 22, 2007). "The Antiwar, Anti-Abortion, Anti-Drug-Enforcement-Administration, Anti-Medicare Candidacy of Dr. Ron Paul". New York Times. Retrieved September 3, 2009.  ^ "Board of Trustees". The Heritage Foundation. Archived from the original on March 4, 2010. Retrieved October 16, 2015.  ^ Goldsmith, Brian Steve Forbes: McCain Isn't Bush, CBS News.com. July 11, 2008. ^ NPR
NPR
Staff (March 18, 2013). "Does America Need A Strong Dollar Policy?". NPR.  ^ "Steve Forbes
Forbes
endorses Rand Paul
Rand Paul
Rand Paul
Rand Paul
2010 U.S. Senate". Rand Paul
Rand Paul
2010. January 7, 2010. Retrieved March 21, 2011.  ^ "Steve Forbes
Forbes
Endorses Marco Rubio
Marco Rubio
for Senate". December 28, 2010. Archived from the original on February 1, 2010.  ^ "MediaPost Publications John McCain
John McCain
Campaign Gets Social 02/05/2010". Mediapost.com. Archived from the original on July 26, 2010. Retrieved March 21, 2011.  ^ "The Shotgun: Peter Schiff
Peter Schiff
garners endorsment [sic] from Steve Forbes". Westernstandard.blogs.com. July 29, 2010. Retrieved March 21, 2011.  ^ "Steve Forbes
Forbes
in Oregon
Oregon
to Endorse Huffman for U.S. Senate" (Press release). August 13, 2010. Archived from the original on November 4, 2010.  ^ " Forbes
Forbes
says he's not running in 2012". IowaPolitics.com. August 26, 2010. Archived from the original on July 10, 2012. Retrieved March 21, 2011.  ^ "Steve Forbes
Forbes
Endorses Justin Amash
Justin Amash
for Congress". September 2, 2010. Archived from the original on September 20, 2010.  ^ "Endorse Bill Bill Hudak for Congress". Hudakforcongress.com. Retrieved March 21, 2011.  ^ RPerry2012. "Steve Forbes
Forbes
Endorses Rick Perry
Rick Perry
and His Plan to Cut, Balance, and Grow". YouTube. Retrieved October 17, 2012.  ^ "Eugene Register-Guard". Google News Archive Search. Retrieved October 16, 2015. 

External links[edit]

Wikimedia Commons has media related to Steve Forbes.

Steve Forbes
Forbes
at Forbes Appearances on C-SPAN Steve Forbes
Forbes
for President 1996 Campaign Brochure Forbes
Forbes
throws weight behind Giuliani RightWeb profile of Steve Forbes Profile: Steve Forbes, Center for Cooperative Research. "Capitalist Tool II: Defending Dynamism", interview with Reason by Virginia Postrel
Virginia Postrel
and Charles Oliver "Confront Iran to bring oil prices down" April 2006 from $70+ to $15 per barrel Kurt Schemers of Traders Nation Interview of Steve Forbes

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(1992 ←) United States presidential election, 1996
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(→ 2000)

Democratic Party

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Nominee Bill Clinton VP nominee Al Gore

Candidates James D. Griffin Lyndon LaRouche
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Republican Party

Convention Primaries

Nominee Bob Dole VP nominee Jack Kemp

Candidates Lamar Alexander Pat Buchanan Charles E. Collins Bob Dornan Jack Fellure Arthur Fletcher Steve Forbes Phil Gramm Alan Keyes Richard Lugar Isabell Masters Jimmy McMillan Tennie Rogers Arlen Specter Morry Taylor Pete Wilson

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Joan Jett Blakk Marsha Feinland Isabell Masters Steve Michael Dennis Peron Diane Beall Templin

Other 1996 elections House Senate Gubernatorial

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(→ 2004)

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Nominee George W. Bush
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(campaign) VP nominee Dick Cheney

Candidates Lamar Alexander Gary Bauer Pat Buchanan
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Nominee Al Gore
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