A $130 Billion No-Tax Prescription for the Budget Deficit

(Archived document, may contain errors) May31,1990 A $l30 BWON NGTAX PREscRIpllON FORTRE BUDGET DEZTU'I George Bush and congressional leader s are engaged in negotiations to deal with the federal budget deficit, which is descriied by many policy mak ers as a "crisis" that threatens the health of the national economy. Many members of Congress are urging the Resident to "show leadership" by rais ing taxes. And Bush has announced that he might be willing to forsake his most solemn political pledge, to abandon his "no new taxes promise."

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