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...could the Republicans end up settling for less than last year's opening bid from Clinton after an orgy of breast beating over balanced budgets? Long ago, in a fiscal blueprint that now seems far, far away, Clinton unveiled his first 1995 budget to a chorus of groans. Leaving the deficit at $200 billion, the President offered a five-year package of $140 billion in spending cuts (a reduction of 1.6% in federal spending), $60 billion of which would pay for tax cuts. Gingrich called the plan "very, very disappointing," and it was laughed out of town by his fellow...

Author: /time Magazine | Title: CAMPAIGN '96: NOT A BANG BUT A WHIMPER | 2/5/1996 | See Source »

...mortgages and charitable donations, even as a Dole-influenced tax commission issued a recommendation of its own. Gramm's rate is one percent lower than the plan put forth by Steve Forbes, whose extensive TV advertising has propelled the issue to the forefront of Campaign '96. "This is a blueprint for revitalizing America," Gramm boasted Tuesday from New Hampshire, while predicting voters would lose interest in Forbes' plan since it doesn't tax investment income. Meanwhile, in Washington, former housing secretary Jack Kemp's tax commission issued its long-awaited report on tax reform, which endorsed the flat tax while...

Author: /time Magazine | Title: Who's the Flattest of Them All? | 1/16/1996 | See Source »

...government can raise premiums, co-payments and deductibles for the middle- and upper-income beneficiaries who don't really need generous subsidies from the feds. Republicans have had the courage to call for these increases, which make sense. President Clinton has hypocritically assailed them, while his own Medicare blueprint does basically the same. But such costs for the poor or near poor can't really be raised. In fact, Medicare and Medicaid are intertwined in a way that ensures that every time Medicare premiums go up, Medicaid's costs automatically rise as well, since Medicaid pays the Medicare premium expenses...

Author: /time Magazine | Title: WHERE IT MAY REALLY HURT | 12/18/1995 | See Source »

...system in place. By 1982, though, county governments were going broke struggling to provide indigent health care. The state decided it needed a piece of the federal Medicaid pie but not under the standard federal conditions. Arizona legislators took their state's clean slate and drew up their own blueprint for a Medicaid system...

Author: /time Magazine | Title: A TALE OF TWO STATES | 12/18/1995 | See Source »

Wielding the same pen Lyndon Johnson used to sign both Medicare and Medicaid into law, President Clinton formally scrawled his veto signature over the Republican balanced-budget plan. To replace what he called the G.O.P.'s "extreme" and "wrongheaded" blueprint, which would remake the Federal Government in a more conservative image, the President presented Congress with his own balanced budget--his third of the year. Clinton offered to trim Social Security raises; to cut a bit more out of some domestic programs, including welfare; and to hold the line against deep slashes in education, environmental protection, health care and taxes...

Author: /time Magazine | Title: THE WEEK: DECEMBER 3-9 | 12/18/1995 | See Source »

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