PRESIDENT CLINTON SUBMITS FY 1997 BALANCED BUDGET
Balances the Budget in 7 Years While Protecting Medicare, Medicaid,
Education, And The Environment, And Maintaining Tax Fairness
February 5, 1996
President Clinton's Budget Is The First Genuine Balanced Budget Submitted
By A President In 17 Years That Reaches Balance Based On Congressional
Budget Office Numbers.
- President Clinton's Balanced Budget Is Historic. The Savings Are
Real. It Reflects America's Values. It Provides Tax Relief For
Working Families.
- President Clinton's Balanced Budget Is Good For America. While
protecting Medicare, Medicaid, Education, and the Environment, and
providing tax relief for working families, it would help lower
interest rates, create jobs, and invest in our future, while
continuing the strong economic growth our country has enjoyed under
President Clinton.
President Clinton's Balanced Budget Includes New Initiatives To Help Meet
America's Challenges As We Move Towards The New Century.
- Health Insurance Reforms. Require insurers to cover people who have
lost insurance because they change or lose their jobs. Help 3.8
million unemployed workers each year purchase health insurance.
Limit the ability of insurance companies to deny coverage based on
pre-existing condition. Help small businesses buy insurance at
cheaper rates.
- Education Technology Initiative. Help local efforts to increase
Educational Technology -- putting more computers in classrooms,
connecting classrooms to the internet, creating better educational
software to help children learn, and providing training to help
teachers teach new technologies.
- $10,000 College Tuition Tax Deduction. Allow families to deduct up
to $10,000 a year for the cost of tuition and training. More than
16.5 million students could benefit.
- $1,000 Merit Scholarships For Top 5% Students At Every High School.
Scholarships rewarding excellence and achievement to help more
students afford a college education.
- Brownfields Common Sense Environmental Cleanups. Tax incentives to
businesses that redevelop brownfields in distressed communities over
a shorter period of time. This will spur the private sector to
create jobs, return land to productive use, and clean up the
environment.
President Clinton Urges Republicans To Keep Working With Him So We Can Pass
A Balanced Budget. No More Blackmail. We Have The Savings In Common.
Let's Get It Done.
- Pass Common Savings Now. Both sides have now agreed on more than
enough cuts in common to balance the budget in 7 years and still
provide a modest middle-class tax cut, to maintain our obligations
to our parents and our children and to the future through Medicare
and Medicaid and through our investments in education, and to
protect the environment.
- Congress Must Pass A Longterm Straightforward Debt Extension Now.
Congress must take action to secure a long-term, straightforward
debt extension so that we can get on with balancing the budget
without the threat of default hanging over our head.