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Barack Obama

Daily Beast: Bill Clinton Becomes Touchstone in 2012 Presidential Campaign

​"What, exactly, is “Clintonomics”? The central tenet of Clinton’s economic policy is progressive taxation. He had campaigned on a big middle-class tax cut, but once elected and confronted with the numbers, realized he couldn’t do it and moved toward deficit reduction instead. He raised tax rates in his first budget as president, which passed with no Republican votes and with Vice President Gore breaking the tie in the Senate.