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...Gingrich at his side ? and chances are he won't be using his line-item veto to remove a pro-tobacco provision that Republicans sneaked in at the last minute. Clinton knows that any veto would have caused "political misery," says TIME's Jef McAllister, by undoing the delicate bipartisan balance of the hard-won budget deal. Minority leader Dick Gephardt told the White House he would try, in later legislation, to undo the provision making tobacco industry penalties tax-deductible ? when nobody's looking...

Author: /time Magazine | Title: Clinton's Big Budget Bonanza | 8/5/1997 | See Source »

...Jefferson Smith come at last? With all that bipartisan grinning over the budget deal, it's almost as if there were suddenly a functioning democracy in Washington. Of course, there's still Jesse Helms. Confused? Get to the guts of the Beltway, Hollywood-style. Follow Jimmy Stewart to town with 1939's Mr. Smith Goes to Washington, Frank Capra's valiant paen to all that's great about this country of ours. Back that up with Born Yesterday, the 1950 Holden/Holliday original, and you'll be running for city councilman by the time the tape's rewound. So be sure...

Author: /time Magazine | Title: What a Country! | 8/1/1997 | See Source »

...fund the agency with at least $99.5 million next year. Republican Senator Jim Jeffords, head of the Senate panel which oversees the NEA, chimed in yesterday with a promise to reauthorize the agency, a move which would make it officially eligible to receive federal money. In addition to strong bipartisan support in the Senate, the House crusade to eliminate the NEA also faces the prospect of a Presidential veto, a move the White House says is certain if NEA funds are withheld from the spending legislation...

Author: /time Magazine | Title: The NEA's Last Stand | 7/11/1997 | See Source »

...Here's a bipartisan program that is saving taxpayers millions every year: nearly 250 of the government's 726 most senior jobs are going unfilled, an unusually slow pace even by Clinton standards. Posts prestigious and powerful are going begging: Surgeon General, ambassador to Russia, head of the Food and Drug Administration, five of the top six slots at Justice and the Deputy Secretary of Commerce. Several factors are at work...

Author: /time Magazine | Title: ANYBODY HOME? | 5/26/1997 | See Source »

...buzz for tax relief has rarely been louder, and is part of a bipartisan deal to balance the budget by 2002. More important, there is mounting grass-roots support for cutting taxes on investment gains. Thanks to a roaring bull market, and the fact that anyone with two nickels to spare is in stocks, Wall Street windfalls are no longer reserved for the rich. A survey by the NASDAQ stock exchange shows that the proportion of adults owning equities has doubled, to 43%, since...

Author: /time Magazine | Title: CAPITAL GAINS AND GAMES | 5/26/1997 | See Source »

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