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...Peter Dominic (R-N.M.), chair of theSenate Budget Committee, has released his fiscalyear 1996 budget draft, which was recently passedby the Senate and called for one trillion dollarsworth of cuts over the next seven years...
...right, which helps explain why Dole took the no-tax pledge in New Hampshire and vowed to help repeal the assault-weapons ban. Majority leaders, meanwhile, have to build links to the party's center to win Senate approval of such measures as the $1 trillion budget that promises some tax cuts but stops short of the $353 billion giveaway favored by Gramm. Candidate Dole's lurch to the right has led him to attempt perilous U-turns, such as his sudden endorsement of moving the U.S. embassy from Tel Aviv to Jerusalem, that will create fodder for rivals' television...
...Phil Gramm and patterned after a recently approved House version. Opting for a vague promise of future tax cuts if a balanced budget yields extra savings, the Senate approved by a vote of 57 to 42 a somewhat less draconian program of spending cuts than did the House: $1 trillion worth of savings over seven years vs. the House's $1.4 trillion. Still to come: protracted wrangling over what programs will actually...
...vote of 238 to 193, G.O.P. leaders pushed their bold, seven-year balanced-budget plan through the House of Representatives. Democrats bitterly complained that the package of $1.4 trillion in spending cuts and $350 billion in tax cuts would sacrifice the needs of the middle and lower classes to benefit the wealthy; Republicans countered that the Democrats had no viable alternative...
After months of talking about it, Republicans finally announced a plan of bold spending cuts designed to balance the budget by 2002. Senate leaders proposed slashing nearly $1 trillion during the next seven years. A House plan foresaw even deeper cuts: $1.4 trillion worth, the extra trims needed to offset a $350 billion tax cut. The G.O.P. lawmakers said they would chop billions from projected outlays for Medicare and Medicaid, eliminate scores of federal social programs and abolish the Commerce Department. (House Republicans would also ax the Education and Energy departments.) Democrats promptly labeled the proposals unfair to working families...