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...whether it makes good fiscal sense, some tax cuts are sure to be included in any deal between Clinton and the G.O.P. It is just as certain that both sides will compromise. Clinton has already given way to the Republicans repeatedly, agreeing to balance the budget on their seven-year schedule and to accept the economic projections of the Congressional Budget Office that the Republicans favor. And Republicans have been indicating that much of the tax package may be jettisoned for now, to be taken up again next year. If a deal is struck, the remaining question is which side...

Author: /time Magazine | Title: TAX CUTS: WHO WILL GET THE BREAKS? | 1/8/1996 | See Source »

...French Jews during World War II. But Sancton concludes that "Mitterand deserves credit for putting France on an unambiguously pro-European integration course. In addition, he was a staunch NATO ally during the Cold War and supported the United States during the Gulf War." After an unprecedented pair of seven-year terms as president, Mitterand left office in 1995, his health in decline. In his last days, the ex-president maintained an office in Paris and was often spotted strolling along the Seine and browsing in bookstores...

Author: /time Magazine | Title: Francois Mitterand Dies at 79 | 1/8/1996 | See Source »

...time, House leaders were talking vaguely about a "glide path" toward a balanced budget in seven years. To Budget chairman John Kasich, that meant passing the normal five-year budget in a form that would simply make credible the idea of wiping out the deficit two years later. When Gingrich suddenly announced in late January that the Republicans would offer a seven-year plan to bring the deficit down to zero, Kasich was stunned. He was, after all, the guy who had to make the numbers...

Author: /time Magazine | Title: NEWT GINGRICH; MASTER OF THE HOUSE | 12/25/1995 | See Source »

White House and congressional negotiators trying to work out a compromise for a seven-year balanced budget plan spent the week angrily talking past one another. Nor was there much progress made toward enacting measures needed to fund the government past the latest deadline of Dec. 15. There was, however, one exception: the President agreed to a $243 billion defense appropriations bill ($7 billion more than he wanted) because, he said, it would enable him to pay for U.S. troops in Bosnia...

Author: /time Magazine | Title: THE WEEK: NOVEMBER 26-DECEMBER 2 | 12/11/1995 | See Source »

...White House objection to the Republican budget plan is that it favors the rich, as well as "checkbook lobbying," all of which the FEC's charges against Gingrich seemed to buttress. Last week, after three days of negotiation, neither side was making any concessions to reach agreement on a seven-year budget deal. Said Armey: "We have not gotten the President to talk to us in any substantive way. They are still pursuing a strategy of failure." Responded Leon Panetta, White House chief of staff: "I've got to see some give on their part...

Author: /time Magazine | Title: BACK TO THE BENCH | 12/11/1995 | See Source »

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