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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 08, 1993
Page
1
The plan argues a 43-cent per gallon federal gas tax hike funds a modest deficit fix. It promises relief for those earning under $30,000 via the earned income tax credit and food stamps, while Republicans critique the tax approach. Clinton projects a five year $500 billion deficit reduction with GDP impact near 2.7 percent in 1998, though no guarantee.
Nebraska senator Kerrey recounts pressuring and defying President Clinton over an economic package. He details Monday through Friday talks with Clinton and aides, the turning point from a solid no to a yes, and his belief the debate shifted to how to foster savings and investment while restoring confidence in leadership.
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