An Analysis of the Clinton Tax Proposals
by Gary Robbins, Aldona Robbins on 10/10/1996
12 Pages
Synopsis:
President Clinton has announced a series of tax measures he would pursue if reelected, and the nature and size of the proposals say much about his tax philosophy. In short, he has put forth a number of small proposals, many of which are tax increases rather than tax cuts. Because these tax proposals are highly targeted rather than aimed at general relief or promoting economic growth, they are more akin to the typical big government tax policy of handing out tax breaks and tax increases to achieve desired ends. Most of the President’s tax proposals were part of his administration’s budget for fiscal year 1997 released last March. An analysis of the likely economic and budgetary effects of the major provisions demonstrates that targeting tax cuts is a move in the wrong direction.
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