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Originally Processed With FOIA(s): FOIA Number: S FOIA MARKER This is not a textual record. This is used as an administrative marker by the George Bush Presidential Library Staff. Record Group/Collection: George H.W. Bush Presidential Records Collection/Office of Origin: Speechwriting, White House Office of Series: Davis, Mark, Files Subseries: Subject File, 1989-1991 OA/ID Number: 13871 Folder ID Number: 13871-017 Folder Title: Issues-Budget/Dead Cat, 10/22/90 Stack: Row: Section: Shelf: Position: G 19 2 6 4 Nation TIME/OCTOBER 22, 1990 Read My Hips EIK Mountain Kanch Bush's flip-flops add new confusion to the Creek - 1990 budget battle and raise doubts about his domestic leadership By DAN GOODGAME WASHINGTON The question is perhaps best left to psychiatrists, but last week Congressmen, Sena- tors, White House aides and millions of Americans were trying to answer it. How could George Bush-the World War II bomber pilot, the Commander in Chief who invaded Pana- ma and ousted its dictator, the leader who dispatched more than 200,000 U.S. troops to the Persian Gulf and ably assembled an international alliance to confront Saddam Hussein-be so wishy-washy? As Congress squabbled in search of a budget, Bush during three dizzying days switched his position at least four times on the key question of what additional taxes the most affluent citizens should pay to help reduce the budget deficit. On Tuesday morning he declared that he might accept raising income taxes on the wealthy in ex- change for his long-sought cut in taxes on capital gains. That afternoon he backped- aled under pressure from Senate Republi- cans: White House aides announced that Bush did not favor pursuing such a deal. Two days later, facing countervailing pres- sure from House Republicans, Bush re- opened the possibility. Then about an hour later he closed it again. BOB DAUGHERTY - VP BOB Asked to clarify his position as he jogged in a St. Petersburg baseball park, How could the man who confronted Saddam be so indecisive? 26 Advantage: Chrysler. Dodge Spirit ES Plymouth Acclaim LX Dodge Shadow Plymouth Sundance These Chrysler Americans beat Japan's best. U.S. Testing Company® just finished a series of hands-on comparisons by 600 Ford and GM owners (12 groups of 50) who were considering a Japanese model for their next car. The results surprised everybody. The Americans won by a combined raw score of 495 to 105. In separate one-on-one tests of 1990 models, Dodge Spirit ES and Plymouth Acclaim LX were rated superior overall to Honda Accord EX, Toyota Camry LE and Nissan Stanza GXE. Dodge Shadow and Plymouth Sundance were rated superior to Honda Civic DX, Toyota Tercel Deluxe and Nissan Sentra XE. *Not affiliated with the U.S. government. Bush pointed to his backside and a problem with the complexities gibed, "Read my hips." Then, Do you approve or disapprove of the way that the Middle East has now, literally and metaphorically, he Bush is handling his job and the gulf has now, I enjoy try- abandoned the playing field. He as President? ing to put the coalition together later said he would wait for Con- Aug. 23 Oct. 3 Oct. 10 and keep it together I can't gress to clear up the confusion Approve 74% 61% 59% say I just rejoice every time I go he had helped engender. Bush's up and talk to [House Ways and vacillation confounded his allies Means chairman Dan] Rosten- and delighted his opponents. Is Bush doing a good job kowski about what he's going to Newspapers across the country do on taxes." bannered headlines studded or a poor job: Good job Poor job Any President faces fewer with words like WAFFLE, RE- constraints in foreign policy TREAT, BLINK and ZIG-ZAG. Handling foreign policy? 67% 26% than at home, and many have Bush's approval rating, which Handling the economy? 34% 56% been known to seek solace from stood in the mid-70s only a Working with Congress on the slings and arrows of home- month ago, plummeted 10 to 15 the budget deficit? 35% 56% grown politics in its embrace. points. It was, said a senior Ad- But what particularly drags ministration official, "the worst Bush down in domestic policy is week of his presidency." The Is the U.S. in a recession now? the limits of his leadership style outpouring of criticism reflected Yes and the key lieutenants on long-held doubts about Bush's 58% whom he relies. approach to domestic- affairs. From a telephone poll of 500 adult Americans taken for TIME/CNN on Oct. 10 by Yankelovich Bush's patrician approach- G.O.P. strategists complained Clancy Shulman. Sampling error is plus or minus 4.5%. "Not sures" omitted. TIME Charts gradually building trust among that the President's flip-flops other members of an élite and had weakened the widespread cutting private deals with perception that Congress is more responsi- lems have little effect on his conduct of for- them-has often worked effectively on the ble for the budget fiasco than the White eign policy. Bush's advisers insist that there foreign front. But it does not deliver as well House. Complained a top adviser to the is a "fire wall" between domestic and for- in domestic policy, where myriad officials, President: "We've managed to change the eign policy, not only in the President's interest groups and ordinary citizens de- subject from 'Can the Congress pass a thinking but also in that of the Congress and mand to have their say, both before any budget?' to 'Why isn't the President the public. proposed solution is made public and af- leading?" So why has Bush inflicted so much un- terward. When Bush tries to communicate necessary damage on himself? Part of the with a TV audience, he often lacks confi- oreover, by concentrating on answer is that he has never had firm con- dence. More important, except when he is M cutting the capital-gains tax, victions on domestic issues; over the years campaigning for himself, Bush shrinks which would benefit mainly he has altered his stance on abortion, civil from framing options in a stark and per- the few Americans who earn rights and even supply-side economics suasive manner that can force people to more than $200,000 a year, the President when it was politically expedient to do so. make a choice. He often speaks of using strengthened the impression that his high- Bush has always regarded domestic policy the "bully pulpit" to get his way, but to him est domestic priority is taking care of the as "deep doo-doo," not to be stepped in if it means little more than "telling people rich. Harrison Hickman, a Democratic poll- at all possible. Foreign affairs, on the other how deeply you feel" instead of knocking ster, gleefully observed that "George Bush hand, he regards as his strongest suit. As heads together to get things done. has two Achilles' heels-'rich' and 'wimp'- Bush acknowledged at a White House For more than a year Rostenkowski, and managed to expose both of them on the press conference last week, "When you get one of Bush's closest friends in Congress, same day." has pleaded with the Presi- The President and his dent to "tell the American men naturally downplayed the political damage. Bush told reporters that "these TERRY ASHE FOR TIME people that if we don't bal- ance our budget, we're go- ing to be No. 2 in the world, things come and go. The and the American people best thing, we get a budget will say "The hell we are!' If deal, we get a good deal, you challenge them, they and people will forget the will accept whatever sacri- name calling." But when a fice you say is necessary." budget deal is passed, Bush Bush was unmoved by may have little influence Rostenkowski's appeal, as over it, and will have trou- he was last month when ble dispelling his image of some advisers urged him to weakness. forcefully exploit the crisis Another danger was that in the gulf as an opportuni- Bush's performance would ty to make progress on the rattle the confidence of al- budget. Bush did give a lies in the anti-Saddam co- televised speech linking the alition and strengthen the two problems, but rather Iraqi leader's resolve against than call on all Americans an enemy he perceived as to sacrifice, he proposed wounded. So far the Euro- nearly $30 billion in new pean and Arab leaders in tax breaks and left the the U.S.-led coalition tough choices to Congress. against Iraq believe that the Outside the Capitol, Democrat Richard Gephardt took heat from angry voters After reaching a budget President's domestic prob- Inside, Congress struggled to devise its own deficit-cutting plan. agreement with congres- TIME, OCTOBER 22, 1990 27 Nation sional leaders, Bush delivered a tepid prime-time address on Oct. 2 asking Amer- Blowing Off the "Bubble" icans to call their lawmakers in support of the deal. Instead, the overwhelming major- ity of calls and letters opposed it, with A t the heart of all the congressional squabbling over the budget is a bizarre many complaining that its regressive ap- quirk in the income tax code known as the "bubble." proach-with increased taxes on liquor, to- The bubble was created in 1986. To simplify the tax code, the old graduated sys- bacco and gasoline, not to mention higher tem (in which there were as many as 15 brackets, each subject to a differing marginal Medicare premiums-would hurt the poor rate) was replaced by a new scheme with only two rates: 15% for low-income taxpay- more than the rich. ers and 28% for everyone else. But achieving that goal required some juggling. For Thus when Bush last week conceded most joint filers, for instance, income below $32,450 is taxed at the 15% rate. To en- that he might be willing to raise tax rates on sure that those who make more kick in 28% on all their income, the government puts the wealthiest Americans, many Republi- a larger bite on the high end of their earnings. So for the same joint filers, the margin- cans were flabbergasted that he had done it al tax rate jumps from 28% to 33% on taxable income between $78,400 and $162,770. so casually, in the course of a 40-minute Then comes the odd part: it drops back down to 28% on income above that level. press conference. If he had issued a ringing Is that a break for the rich? Not really, most G.O.P. lawmakers insist. Unlike proclamation that higher taxes on the rich low- and middle-income earners, joint filers with incomes above $162,770 cannot were needed, says a senior Republican, claim personal exemptions. They are also taxed at the full 28% rate even on their "he could have explained that he felt it was income below $32,450. With those considerations factored in, both middle-income necessary to make the package fair, and we and wealthy earners are supposed to wind up paying the same marginal rate of 28% would have got political credit for it. In- on their earnings over $32,450. stead, now we look like we're being dragged into raising the top rates and the 1990 rates on joint returns, four exemptions Democrats are beating us to death as the 32% party of the rich." "The bubble" 28% Marginal tax rate he President's effectiveness in do- 24% tax paid rate in taxes) T mestic policy has been further hampered by the ham-handed- (percent Effective of ness of White House chief of staff 20% John Sununu. The former New Hampshire Governor, complains an official, "got ahead of the boss" when he sought to kill 16% the deal combining a capital-gains tax cut with a higher income tax rate-a mistake 12% that did not go unnoticed by Bush. By fail- ing to disguise his contempt for Congress, 8% Sununu has managed to alienate even the Republicans whose support Bush desper- 4% ately needs. Two weeks ago, Sununu dis- missed Mississippi Senator Trent Lott's 0% complaints about the original budget pact $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 $220 $240 as "insignificant." In response Lott or- Source: Tax Foundation and Arthur Andersen Taxable income before exemptions in thousands TIME Chart by Joe Lertola dered up buttons with the words I'M INSIG- NIFICANT, TOO. Sununu's remark was But try to explain that to people subject to the 33% marginal rate. Capitaliz- especially damaging because Lott has pro- ing on the widespread impression that the bubble gives a bonanza to the man- vided crucial votes to uphold three of the sion-and-limousine set, House Democrats led by Ways and Means Committee President's least popular vetoes. Says Lott: chairman Dan Rostenkowski have proposed to puncture it. They would tax all in- "They're going to need me again, real bad come over $200,000 at the 33% rate and levy an additional 10% surcharge on in- and real soon." come over $1,000,000. Though such hikes would apply to only about 740,000 tax- The White House budget strategy, such payers, the congressional joint tax committee reckons the change would bring in as it is, assumes that none of the factions $4.2 billion in additional revenue in the current fiscal year and $44.3 billion by that rejected the bipartisan budget accord 1995. It also has the political appeal of imposing a higher rate on the rich than on will manage to put together a plan they like the less affluent. better and get it through the House and the Most Republicans find the idea of raising income taxes anathema-unless Senate. After they fail, a senior White they can get a capital-gains tax cut in exchange. That swap was contemplated dur- House official predicts, "everybody's got to ing the long-running budget summit, but discarded as politically unfeasible. It re- be forced back to the middle"-that is, surfaced briefly last week, when Republican Congressman William Archer of back to an outline not very different from Texas claimed that Bush had said "without equivocation" that he supported Ar- the defeated proposal. That could happen. cher's plan for lifting the top income tax rate to 31% while slashing the tax on cap- But many members of both parties say they ital gains to 15%. Once again the trade-off was shot down. The main reason: Ar- would not be pushed back to the regressive cher's plan would lower taxes on incomes over $200,000 by 6.6%. Given approach that was so resoundingly turned Democratic opposition to any formula that appears to favor the rich, Bush de- down two weeks ago. They would rather clared that pursuing such a compromise would be "a waste of time." Maybe so, pass a budget that is both more equitable but eventually Washington will have to find a plan that inflicts the pain of tax- and practical-if the President would only paying on everyone-including the rich. assume his responsibilities and lead them to it. -With reporting by Michael Duffy/ Washington 28 TIME, OCTOBER 22, 1990