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(Archived document, may contain errors) 1014 January 16,1995 A BUDGET STRATEGY TO REINVENT THE FEDERAL GOVERNMENT INTRODUCTION President Bill Clinton soon will submit his fiscal 1996 budget to a Congress commit ted to changing Washingtons spending and taxing priorities. In apparent response to the election results, and to the House Republicans Contract With America, Clinton last month announced a plan for a mode st $60 billion tax cut to be financed by reforms in five agencies such as the Departments of Energy, Housing and Urban Development, and Transportation.