The New Math

Rubenstein, Ed
August 1993
National Review;8/23/1993, Vol. 45 Issue 16, p18
The article raises issues concerning the figures presented in the budget plan of the administration of U.S. President Bill Clinton for 1994. By analyzing the plan, the author claims that the $500 billion figure shown in the plan did not subtract the $170 billion in spending and tax cuts the President also proposed. Meanwhile, a decline in the deficit is forecasted in the 1994 budget, from $322 billion in 1993 to $250 billion in 1998. One aspect of the budget plan that needs to be addressed is the more than $100 billion in revenues attributed to raising the top personal-income-tax rate.


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