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Article: Clinton outlines $60b tax-cut plan `Middle class Bill of Rights' has IRA expansion, credits for college tuition, children
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- December 16, 1994
- Author:
CopyrightCopyright 1994 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON -- President Clinton, in a high-stakes attempt to
restore his political fortunes, proposed a "middle class Bill of
Rights" last night that included a $500-per-child tax cut, tax
deductibility for college tuition and a major expansion of individual
retirement accounts.
The $60-billion package of tax cuts, described by aides as the
midterm equivalent of a new campaign platform, would be funded
through spending cuts and consolidations, officials said, as well as
by privatizing operations such as the air traffic control system.
Clinton rejected proposals to eliminate a Cabinet agency.
"Everybody knows all is not well with America," Clinton said
from the Oval Office in a rare ...