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The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93) was a federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton on August 10, 1993. It has also been unofficially referred to as the Deficit Reduction Act of 1993. Part XIII of the law is also called the Revenue Reconciliation Act of ...
During his speech, President Clinton proposed tax increases and spending cuts intended to reduce the federal deficit by 38 percent over four years while revitalizing the nation's economy. [ 1 ] [ 2 ] The President hailed the upcoming completion of the North American Free Trade Agreement .
In proposing a plan to cut the deficit, Clinton submitted a budget and corresponding tax legislation (the final, signed version was known as the Omnibus Budget Reconciliation Act of 1993) that would cut the deficit by $500 billion over five years by reducing $255 billion of spending and raising taxes on the wealthiest 1.2% of Americans. [5]
The Clintons filed jointly that year: Bill Clinton was president, taking home a $202,423 salary for the job, while Hillary Clinton, as first lady, was not paid. The pair netted $88,441 in capital ...
The 1993 United States federal budget is the United States federal budget to fund government operations for the fiscal year 1993, which was October 1992 – September 1993. This budget was the final federal budget submitted by George H. W. Bush before he was defeated by Bill Clinton in the 1992 United States presidential election.
It supported Democrat Bill Clinton in 1992 and 1996, Republican George W. Bush in 2000 and 2004, Democrat Barack Obama in 2008 and 2012, and Republican Donald Trump in 2016 and 2020. The ...
Democratic presidential candidate Hillary Clinton unveiled a plan on Wednesday to lower out-of-pocket health costs, including expanded coverage of sick visits to the doctor and tax credits for ...
The Taxpayer Relief Act of 1997 (Pub. L. 105–34 (text), H.R. 2014, 111 Stat. 787, enacted August 5, 1997) was enacted by the 105th United States Congress and signed into law by President Bill Clinton.