Top Pro & Con Arguments
The Omnibus Budget Reconciliation Act of 1993 increased the gasoline tax by 4.3 cents per gallon, which directly impacted the middle class.
The 1993 tax hikes cannot be credited with the economic boom of the 1990s: it was after the Republican Congress passed tax cuts in 1997 that the economy really became stronger and the budget was balanced. Clinton designed his tax plans to place an unfair burden on the wealthy, punishing the most productive members of the US economy while cutting taxes for the least productive. Read More