Word: tax-cutting
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More people disapprove of President Clinton's performance since his Oval Office address last week entering the Administration in the tax-cut bidding war, according to a CNN/USA Today/Gallup poll released today. The poll of 1,016 adults, taken last weekend after Clinton's nationwide "Middle Class Bill of Rights" talk Thursday, showed Clinton's disapproval rating at 53 percent -- up from 50 percent in early December. His approval rating, meanwhile, remained at 42 percent over the same period. Clinton's lowest-ever mark, tabulated by the same pollsters, was a 54 percent disapproval rating last Sept...
TIME's Duffy says Clinton will likely use the basic philosophical underpinning of his speech Thursday night as a standard to judge his response to the final, GOP-endorsed tax-cut package. "He's tried to insert himself in this debate and lay down what will be some tests for what he signs or vetoes," Duffy says. "Does it help the middle class or the upper class? Does it help people pay for college and their house, or not? Does it give people, as he termed it, the tools to take control of their future?"Post your opinion on theWashingtonbulletin...
Some killjoys think the states will rue the day that they got carried away by tax-cut fever. The rise in state revenues is not sustainable, says Hal Hovey, editor and publisher of State Budget & Tax News, a bimonthly publication. He believes spending will again be pushed up by "two elephants": Medicaid spending, which will rise once the economy slows, and the severe pressure of rising prison populations. So states, he thinks, will have to either cut other services or raise taxes again, or both. Vermont Governor Howard Dean, chairman of the National Governors Association, thinks momentarily flush states should...
...question? You've got a 1% across-the-board tax-cut proposal that costs $125 billion. How do you propose to pay for that? You're double- counting...
...give everybody everything." Clinton could endorse Reich's honest explanation, but he won't. Against the evidence, he protests that he scaled back his middle-class tax-rate cut because of a worsening deficit. In fact, between the appearance of the tax-cut notion last winter and its truncation three weeks ago, the numbers changed hardly at all. And it was he, not the media and his rivals, who made "too much" of the idea. Tax relief for the middle class was the centerpiece of Clinton's first economic plan and a staple of his early stump speeches...