The Clinton Economic Plan Essay by The Research Group

The Clinton Economic Plan
Discusses President Clinton's initial economic plan in 1993, which increased taxes greatly and reduced spending minimally.
# 19858 | 1,125 words | 6 sources | 1993 | US
Published on Feb 27, 2003 in Economics (Macro) , History (U.S. Post-Modern 1965-Present)


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From the Paper:

"President Clinton recently unveiled his economic plan to stimulate the economy and to reduce the deficit. Although his plan calls for cutting spending, at the heart of the program is a substantial increase in tax rates for individuals as well as for corporations. Personal income tax rates will be increased up to 40% for incomes above $250,000. Corporate income taxes will be increased to 36% from 34%. On the other hand, spending reductions will accrue mostly in defense and in the trimming of administrative costs. The issue to be faced is whether the Clinton plan will serve its dual purpose of stimulating the economy and reducing the deficit, and each side has its proponents.
Murray L. Weidenbaum, a professor at Washington University in St. Louis, calls for increased budget cuts and ..."

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