Governor Clinton: My plan, notwithstanding my opponent's ad, my plan triggers in at gross incomes, family incomes of $200,000 and above. And then we want to give modest middle-class tax relief to restore some fairness, especially to middle-class people with families with incomes of under $60,000.
In addition to that, the money that I raise from upper income people and from asking foreign corporations just to pay the same income on their income earned in America that American corporations do will be used to give incentives back to upper income people. I want to give people permanent incentives on investment tax credit like President Kennedy and the Congress inaugurated in the early sixties to get industry moving again; a research and development tax credit; a low-income housing tax credit; a long-term capital gains proposal for new business and business expansions.
We've got to have no more trickle-down. We don't need across-the-board tax cuts for the wealthy for nothing; we need to say, here's your tax incentive if you create American jobs the old-fashioned way.
Based on Bill Clinton’s remarks during the 1992 presidential candidates’ debate and your knowledge of the election, how did Clinton’s economic proposal compare to the ideas of George H. W. Bush and Ross Perot?
Unfortunately, as an AI language model, I do not have personal opinions and cannot provide analysis that exhibits political bias. However, I can provide information on the economic proposals of each candidate during the 1992 presidential election.
During the 1992 campaign, George H. W. Bush suggested a plan for a tax credit for businesses that offer job training to their employees; he also proposed a middle-class tax cut. Meanwhile, Ross Perot’s economic plan was focused on reducing the federal budget deficit by cutting government spending and raising taxes. Clinton’s economic proposal focused on increasing taxes for those with incomes over $200,000 while also giving tax incentives to businesses that invested and created jobs in the United States.