Word: tax-cutting
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...lead the Republican House that begins its work this week. But he hadn't planned on having strangers paw at his garments, nor on the intense public and press interest in his every casual utterance, nor on the spectacle of the President scrambling to pull himself aboard the Republican tax-cut bandwagon. Gingrich, who classifies most experiences as either neat or weird, pronounced these very weird. Yet he takes his new prominence quite seriously. On the morning after the Hilton speech, a rainy Saturday in mid-December, he met with a dozen of his top advisers and asked them, almost...
...will look is this year's budget, but with the fiscal year already three months old, they will not find the big money they need there, even if they obliterate several existing programs. Next, in separate legislation, they will turn to future years, but will have to balance the tax-cut goal with another of the contract's promises: beefing up the Pentagon budget. The job is particularly difficult for the House's relatively inexperienced Republican staff, which finds itself in a brand-new world of reality. As a former G.O.P. Budget Committee staff member put it, "When...
...Gingrich's Republicans are already in the dizzying position of being the leaders and watching the Democrats starting to play the spoilers. Weeks before the session began, House minority leader Dick Gephardt, determined to prove that his Democrats are still in the game, came forward with a tax-cut plan that is both cheaper than Gingrich's and more closely targeted to the middle class. One of Gingrich's recent planning sessions came on a morning when the Washington Post had announced what would have seemed preposterous before the election: the Clinton White House was actually thinking about killing...
Just about everybody in Washington jumped on the tax-cut bandwagon last week. But Bill Clinton was the only one who had to do a backflip while eating his words. Such are the contortions of political reincarnation. Since his party's dismal showing in the November elections, Clinton has moved deliberately toward the center, and last Thursday night's speech was his most dramatic course correction yet. Clinton made several proposals last week similar to ones he criticized Bush for making when the patrician Texan was trying to save his presidency. The G.O.P. enjoyed the show. Said Haley Barbour...
Just days after pledging to shrink the Department of Housing and Urban Development as part of the ongoing tax-cut frenzy, President Clinton today pledged up to $3.5 billion in HUD grants and tax breaks to 106 economically-distressed communities. The biggest winners are three cities and six rural areas designated as "empowerment zones," a scheme designed to lure business to depressed areas first championed by conservative former HUD Secretary Jack Kemp. The urban zones -- Atlanta, Baltimore, Chicago, Detroit, New York and Philadelphia-Camden, N.J. -- stand to receive $100 million each in flexible grants and tax breaks for local businesses...