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...shoulders much of the blame for Democrats' failure to "speak to the growing sense of insecurity" among workers whose wages are stagnant or shrinking. The Gephardt proposal would offer an unspecified tax break for all taxpayers who earn up to $75,000 a year -- less dramatic than the current GOP proposal to cut taxes for families with incomes of as much as $200,000 a year with a $500-per-child tax credit. "The question is going to become, at what point to do they set off a bidding war?" says TIME congressional correspondent Karen Tumulty. "It's similar...

Author: /time Magazine | Title: TAX CUT WARS . . . GEPHARDT INTO THE FRAY | 12/13/1994 | See Source »

...Boston Globe, argues for "a passionate center party that's inclusive socially and prepared to make the hard choices fiscally . . . if it is led by the right person." The key ingredient, he writes, is "the kind of moral authority the Administration clearly does not have and that the (GOP's) 'Contract with America' cannot provide, since it is poll-driven." Tsongas told the Globe that Powell has received a copy of the memo, but that they have not discussed it. For his part, the politically-unaffiliated general told an audience last month: "I think there is a possibility...

Author: /time Magazine | Title: TSONGAS PUSHING "PRESIDENT POWELL" | 12/13/1994 | See Source »

President Clinton announced today that he'll convene a bipartisan meeting of governors and mayors in January in an effort to fix "our country's broken welfare system." In a clear effort to beat GOP welfare-bashers to the high ground as part of his centrist post-election swing, Clinton -- in a statement -- described the current welfare system as a "bad deal for the taxpayers who pay the bills and for the families who are trapped on it." Newly-empowered GOP leaders, meanwhile, have their own designs on the issue: House Republicans want to abolish more than 100 social programs...

Author: /time Magazine | Title: WELFARE REFORM . . . CLINTON'S ROUND TABLE | 12/9/1994 | See Source »

Texas Republican Sen. Phil Gramm, long known to harbor presidential ambitions, all but declared his bid for the 1996 GOP nomination today. He says he'll make it official Feb. 24 at a ceremony in his hometown of College Station, Tx. Gramm told reporters in Atlanta today that he'll follow his kickoff speech with a swing through Georgia, where he was born, and then the early primary states of New Hampshire, Iowa and Arizona. Gramm, the combative elder statesman of the Republican Party's conservative wing, is a close ally of House Speaker-elect Newt Gingrich.Post your opinion...

Author: /time Magazine | Title: THE '96 RACE . . . GRAMM'S IN | 12/8/1994 | See Source »

Defeated Virginia GOP Senate nominee and Iran-Contra figure Oliver North last night said he'll run for public office again, but not in 1996 as many had anticipated. (Rampant Washington rumors had North pitted against the state's Republican senator, John Warner, who refused to support North's bid this year.) "It's not a matter of if I run again, it's when. And it's not 1996," North said Wednesday on CNN's "Larry King Live." He didn't specify what office he might pursue, but did commit to burying the hatchet with Warner.Post your opinion...

Author: /time Magazine | Title: NORTH . . . SEE YOU IN 2000? | 12/8/1994 | See Source »

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