Commentary: Clinton's Tax Cuts: Smaller, But Not Smarter

Bill Clinton may have concocted the politically perfect tax-cut package for the '90s. It appeals to key blocs of voters, like homeowners and middle-class parents facing college bills. It's big enough to get the President into the tax-cut derby against GOP challenger Bob Dole, but small enough--$118 billion over six years--to let him claim he won't bust the budget. Best of all, the plan flies under the campaign radar. Thanks to the improbable promises Dole makes for his $548 billion tax cut, Clinton's handouts are skating by unchallenged.

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