To counter growing deficits during president clinton's administration, income taxes were raised on

Question

History

Bronson

18 October, 03:22

To counter growing deficits during president clinton's administration, income taxes were raised on

+3

Answers (1)

Know the Answer?

Landen · Answer 1

Income taxes were raised for those with higher incomes. This was combined with reduced defense spending and resulted in the first surplus in the United States budget since 1969, and lasted from 1998 to 2001. It also provided a 4% economic growth per year and a staggering amount of 22 million jobs created because of his policies.