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...round of budget talks scheduled to begin Wednesday after a 40-minute phone call between President Clinton and GOP leaders. GOP leaders said that they saw no point in meeting with President Clinton until he is ready to propose a budget that comes closer to what they call a bipartisan solution. Both sides say negotiations may resume soon. But Republicans say Clinton's latest budget wouldn't even be supported by a majority of House Democrats. "Having made such a big deal over the seven-year timetable, the GOP now realized that Clinton can be within those confines but miles...

Author: /time Magazine | Title: Budget Talks Off | 1/17/1996 | See Source »

...preserved. Instead, the plan's centerpiece is "The Tax Test:" twelve principles to guide the creation of a fairer, flatter and simpler tax code. Gingrich told reporters the proposal constitutes the beginning of "a very, very bold and very different new debate." Kemp challenged Clinton to appoint a bipartisan, blue ribbon commission to draft the sepcifics. But while well-intentioned, Kemp's commission is rooted in politics, notes TIME's Jeffrey Birnbaum. "The flat tax is the hottest new issue on the campaign trail and has launched Steve Forbes into second place," he says. Since Jack Kemp is a longtime...

Author: /time Magazine | Title: The New 12 Steps to Recovery | 1/17/1996 | See Source »

...luck holds out and he doesn't squander his opportunity, Clinton could walk away with the big prize--a deal that reflects his essential beliefs and robs Dole of his premier campaign issue. House Republican leaders are contemplating a last-chance offer that could attract bipartisan support: cutting $155 billion in Medicare, providing targeted tax cuts worth $180 billion, fattening the pool of discretionary spending a bit to woo liberals, and then getting in line behind the Senate's more moderate welfare-reform plan. If that plan goes nowhere with Clinton, Republicans will try to spend the next two weeks...

Author: /time Magazine | Title: BUDGET: THE INNER GAME | 1/15/1996 | See Source »

WASHINGTON, D.C. President Clinton vetoed a Republican-sponsored welfare reform bill Tuesday evening, calling the plan "burdened with deep budget cuts and structural changes that fall short of real reform." But he quickly reiterated his longstanding commitment to welfare reform, pledging to work with congressional Republicans "to enact real, bipartisan welfare reform." Lacking the votes to override Clinton's veto, his 12th, the reaction from Republican congressional leaders was anything but sanguine. "He must now demonstrate what he is for," House Ways and Means chairman Bill Archer (R-Tex.) said. "No vague statement of principles. No unkept promises. I expect...

Author: /time Magazine | Title: Clinton Vetoes Welfare Bill | 1/10/1996 | See Source »

WASHINGTON, D.C.: "We are doing everything we can to reach out in a bipartisan way," a frustrated Newt Gingrich told reporters today after leaving the White House with budget negotiations once more at an impasse. Gingrich, Bob Dole and other GOP leaders met reporters this afternoon armed with charts to show how much ground they have ceded to President Clinton during the months of negotiations. Back at the White House, the President was conciliatory, saying talks could be resumed by next Wednesday, and that a budget "is clearly within reach." Bob Dole took a similar line: "We stand ready...

Author: /time Magazine | Title: Budget Talks Fail Again | 1/9/1996 | See Source »

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