Presidential Budget Proposal
In a brief address to the nation, President Clinton presented his plan for a balanced federal budget, which he said will cut spending by $1.1… read more
In a brief address to the nation, President Clinton presented his plan for a balanced federal budget, which he said will cut spending by $1.1 trillion and will not raise taxes. The president’s proposal would cut spending in discretionary areas other than defense by an average of 20 percent, except in education; limit tax cuts to middle-income people, not upper-income people, and target the tax cuts to help Americans pay for college; not cut Medicare services to the elderly, but maintain them by lowering costs, and balance the budget in 10 years. close
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