Clinton Plan Gains Greenspan Praise: Panetta Indicates Bargaining Possible
-----------------------;---------------------------------------------------------------------------------------------immr</br></br>Ab traveling master of ceremonies and salcB manager for his economic package, President Clinton holds the floor in a school auditorium yesterday to answer questions from the youth and townspeople of Chlllicothc, Ohio. Details, Pngo A10.</br></br>President ClintonÛªs economic package won the praise of Federal Reserve Board Chairman Alan Greenspan yesterday but encountered closer and more critical scrutiny from congressional Democrats, whose solid support is essential to the administration.</br></br>Also yesterday, Office of Management and Budget Director Leon E. Panetta, questioned at a Senate Budget Committee hearing about methods for financing health care reform programs, confirmed that the administration likely would seek increased taxes on alcohol and cigarettes, the so-called sin taxes.</br></br>. A value-added tax, essentially a type of broad-based sales tax, also has been mentioned as a possible financing mechanism for health care reform. Clinton said yesterday that such a tax was something that should be looked at in the future but added quickly that his administration had no plans for proposing one. Clinton spoke yesterday in Ohio and New York, ending a two-day trip