Why did the Republican control congress during the Clinton years raise taxes?
November 292010
Every time someone says something about the economy of the deficit surplus during the Clinton years the Republicans say it was not his doing it was the Republican control congress. So my question is why did the Republican control congress taxes?
One of Clinton’s major policy initiatives in his first term was on the American economy. Clinton’s economic plan included a major expansion of the existing Earned Income Tax Credit, aimed at working class families just above the poverty line, which helped ensure that it made sense for them to work rather than seek welfare. John F Harris, argues that "this would be prove to be one of the most important and tangible progressive achievements of the Clinton years".
A major problem with the economy at the time was the issue of the massive deficit and the problem of government spending. In order to address these issues, in August 1993, Clinton signed the Omnibus Budget Reconciliation Act of 1993 which passed Congress without a single Republican vote. It raised taxes on the wealthiest 1.2% of taxpayers, while cutting taxes on 15 million low-income families and making tax cuts available to 90 percent of small businesses. Additionally, it mandated that the budget be balanced over a number of years and the deficit be reduced. This was to be achieved through the implementation of spending restraints but was not.
he raided social security to pay off the debt…and did away with the glass stegall act which allowed the economy to eventually tank during the last days of BUSH! Do your research..you will find all kinds of info on the intenet.
NOT too sure about the the earned income tax thing. A woman at work stays on welfare and can still work 27 hours a week. As long as she doesn’t go above that ..she gets free housing, free health care, free food stamps, free utilities, free everything …PLUS HER PAY. She also gets to claim that earned income tax…which puts her at the 50,000 a year mark. I work my butt off and only get half of that part time….and do NOT SUCK OFF SOCIETY! Should not be allowed. SHe had the NERVE to tell me I didn’t know how to work the system. RIGHT..I am not a parasite….SHE IS!