Article: Clinton Revises Economic Plan; `Investment' Program Trims Tax Cuts, Stretches Deficit Reduction

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 flood of investment since World War II," Clinton said here ...

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