states' interests. His bill to cut inheritance and gift taxes in 1981 was a key component of President Ronald Reagan's tax reform package and is remembered as one of the most substantive changes to tax policy that decade, and four years earlier, Wallop was partially responsible for phasing out President Jimmy Carter's windfall profits tax. In 1977, Wallop was one of nine Senators to vote against the Senate adopting a stringent code of ethics intended to assist with the restoration of public confidence in Congress. In 1982, Wallop was re-elected by a 14-point margin over Democrat Rodger McDaniel, a Wyoming state legislator. In his second term, Wallop supported the 1983 Strategic Defense Initiative, a proposed missile defense system intended to protect the United States from attack from nuclear intercontinental ballistic missiles and submarine-launched ballistic missiles. In 1988, Wallop won his final term by just 1,322 votes over his opponent, Democratic state senator John Vinich. Wallop's last term was characterized largely by his participation in the foreign policy and trade debates of the late 1980s and early 1990s. He was a member of the Helsinki Commission and traveled extensively in Eastern Europe and the former Soviet Union as an arms control negotiator. Wallop was also a strong advocate of the General Agreement on Tariffs and Trade (GATT) and U.S. participation in the World Trade Organization. From 1990-94, he was the ranking Republican member of the Senate Energy and Natural Resources Committee, and in 1992, was a key force behind passage of the far-reaching Energy Policy Act. In 1994, Wallop opted out of a race for a fourth term. He was succeeded by Republican Craig Thomas. Upon his retirement from the Senate, The Economist wrote of Wallop: "Although his detractors have steadily grown in number, even Democrats grudgingly admitted to liking his candor and his willingness to be stupendously politically incorrect." Post-Senate career After his retirement from the Senate in January 1995, Wallop founded the Frontiers of Freedom Institute, a Virginia-based non-profit group that lobbies for constitutionally limited government and a strong national defense. In 1996, Wallop served as General Chairman and Executive Director of the Steve Forbes presidential campaign, which succeeded in winning primary victories in Delaware and Arizona. Publications Wallop, Malcolm. "The Environment: Air, Water & Public Lands," In A Changing America: Conservatives View the 80s from the United States Senate, edited by Paul Laxalt and Richard S. Williamson, pp.