William Philip Gramm is an American economist and politician who represented Texas in both chambers of Congress. Though he began his political career as a Democrat, Gramm switched to the Republican Party in 1983. Gramm was an unsuccessful candidate in the 1996 Republican Party presidential primaries against eventual nominee Bob Dole.

From January 29 to June 4, 1996, voters of the Republican Party chose its nominee for president in the 1996 United States presidential election. Senator Bob Dole of Kansas, the former Senate majority leader, was selected as the nominee through a series of primary elections and caucuses culminating in the 1996 Republican National Convention held from August 12 to 15, 1996, in San Diego, California. Dole resigned from the Senate in June 1996 once he became the presumptive nominee to concentrate on his presidential campaign. He chose Jack Kemp as his running mate.