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Vladimir79 [104]
3 years ago
11

One of President Clinton’s early strategies for improving the economy was...

History
2 answers:
siniylev [52]3 years ago
7 0

One of President Clinton’s early strategies for improving the economy was <u>increasing taxes.</u>

As an attempt to reduce the budget deficit of the U.S., President Clinton enacted the <u>Omnibus Budget Reconciliation Act of 1993</u>, a few months after he was inaugurated.

This first Act established measures to cut spending and increase taxes, for example, the legislation increased the marginal tax rate for incomes of over $180,000 annually, from 31 to 36%, and for those earning over $250,000 it added 10% more. It also increased the corporate income tax from 34 to 36% for those with incomes over $10 million. It ended subsidies to some corporations and it taxed on Social Security benefits for high-income earners.

sp2606 [1]3 years ago
5 0

Answer:

C. increasing taxes.

Explanation:

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