Now, About That Contract

In September, Newt Gingrich rallied more than 300 G.O.P. candidates in Washington to embrace the "Contract with America." President Clinton derided it but is now ready to bargain on certain parts.

Gingrich's Proposals

To revive the Reagan-Bush promises of the 1980s, a $500 per child tax credit and a tax cut for capital gains on investments.

Clinton's Response

"How will all this be paid for?" Clinton asked. But he may propose his own & family tax break and consider a capital-gains cut.

Gingrich's Proposals

A constitutional amendment that would require the federal budget be balanced by 2002, or seven years after...

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