Enacted the 1993 Deficit Reduction Plan Without a Single Republican Vote. Prior to 1993, the Debate over tax policy revolved around Often a false choice Between public investment and deficit reduction. The 1993 deficit reduction plan Showed That deficit and debt reductions Could Be Accomplished in a progressive way by slashing the deficit in half and making important Investments in our future, Including education, health care, and science and technology research. The plan included more than $ 500 billion in deficit reduction. Also it cut taxes for 15 million of the hardest-pressed Americans by Expanding the Earned Income Tax Credit, created the Direct Student Loan Program, created the first nine Empowerment Zones and Enterprise Communities first 95; Passed tax cuts and for Small Business and research and development. Negotiated the Balanced Budget Agreement of 1997. In His 1997 State of the Union address, President Clinton Announced His plan to balance the budget for the first time in 27 years. Later That year, HE signed the Balanced Budget Act of 1997, a major bipartisan agreement to Eliminate the national budget deficit, create the conditions for economic growth, and invest in the education and health education of our people. Provided it middle-class tax relief with a $ 500 per child tax credit and the Hope Scholarship and Lifetime Learning tax credits for college. Also it created the Children? S Health Insurance Program to serve up to 5 million children and made landmark Investments in education initiatives Including Educational Technology, charter schools, Head Start, and Pell Grants. Finally, it added 20 more Empowerment Zones and Enterprise Communities 20 more rural, included the President? S Plan to Revitalize the District of Columbia, and Welfare Reform Continued though $ 3 one billion in new resources to move welfare recipients to private-sector jobs. Dedicated the Surplus to Save Social Security and Reduce the National Debt. History in 1998 and 1999 State of the Union addresses, President Clinton Called on the nation to save the surplus Until the solvency of Social Security IS assured. Also Repeatedly He vetoed large Republican tax cut bills That Would Have jeopardized our nation? S fiscal discipline. The President? S actions led to a bipartisan consensus on saving the surplus and Paying down the debt. http://clinton5. nara. gov/WH/Accomplishments/eightyears-03. htmlAshley, Obviously you read nothing and just Replied. Not surprising.
