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McGovern Plan To Help Poor Stirs Explosive Debate
Sen. George McGovern’s income redistribution plan centers on a $1,000 annual federal payment for every American and the repeal of the $750 personal exemption. The proposal, financed by higher taxes on the wealthy and corporate cuts, aims to replace welfare and fund education while cutting defense by about $32.4 billion. The plan drew voter interest in California, despite objections from Hubert Humphrey and questions about cost, arithmetic, and national security.
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