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Article: Clinton Revises Economic Plan; `Investment' Program Trims Tax Cuts, Stretches Deficit Reduction
- Article from:
- The Washington Post
- Article date:
- June 22, 1992
- Author:
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Democratic presidential candidate Bill Clinton today called for
$200 billion in new investment in cities, workers and
infrastructure, financed by spending cuts and higher taxes on the
rich and corporations. But he scaled back the value of his proposed
middle-class tax cut and lengthened his timetable for balancing the
federal budget.
Clinton said the Republican policies of the 1980s produced "the
worst economic record in 50 years" and said his plan for public and
private investment would invigorate the economy, produce jobs and
restore America's competitiveness.
"The economic plan I released today . . . would have the biggest