President of the U.S., 1993-2001; Former Democratic Governor (AR)
My tax cut is the sacrifice of all of us
The Republicans protected my tax cut at all costs while withholding promised funding to the Leave No Child Behind Act, leaving 2.1 million children behind, cutting 140,000 unemployed workers out of their job training programs, 100,000 working families ou
of their child care assistance, and worst of all, while cutting 300,000 poor children out of their after-school programs, when we know it keeps them off the streets, out of trouble, in school, learning, going to college and having a good life.
They protected my tax cuts while dramatically raising the out-of-pocket costs of health care to our veterans and weakening or reversing very important environmental measures, from clean air to forest protection. Now everyone in America had to sacrifice
except the wealthiest Americans. And almost all of us, from Republicans to independents and Democrats, wanted to be asked to do our part, too. But all they asked us to do was to expend the energy necessary to open the envelopes containing our tax cuts.
Never thought I'd be so well cared for by the Republicans
For the first time when America was in a war footing in our whole history, they gave two huge tax cuts, nearly half went to the top 1 percent of us. When I was in office, on occasion, the Republicans were kind of mean to me. But as soon as I got out and
made money, I became the most important group in the world to them. It's amazing. I never thought I'd be so well cared for by Bush and the Republicans. I almost sent them a thank you note for my tax cuts, until I realized you were paying the bill for it.
Source: Speech to the Democratic National Convention
Jul 29, 2004
Republican tax cut was too big & too bloated
I vetoed the Republican tax cut because it was "too big, too bloated," and put too great a burden on America's economy. Under the budget rules, the bill would have forced large cuts on education, health care, and environmental protection. It would have
prevented us from extending the Social Security trust funds, & from adding a prescription drug benefit to Medicare. We were going to have a surplus this year of about $100 billion, but the proposed GOP tax cut would cost nearly $1 trillion over a decade
Source: My Life, by Bill Clinton, p.870
Jun 21, 2004
Target tax cuts on IRAs, education, & families
To achieve more growth and more economic opportunity for working families, I have a balanced-budget plan with targeted tax cuts for America’s families:
an additional $500 tax credit for each of their children;
more generous Individual
Retirement Accounts with funds that can be used without penalty for important investments;
a tax deduction for the cost of college up to $10,000 a year, and a tax credit up to $1,500 a year for up to two years of community college.
Source: Between Hope and History, by Bill Clinton, p. 31
Jan 1, 1996
Across-the-board tax cuts are irresponsible
Some [of our political opponents] are offering a strategy they have offered before: an across-the-board tax cut bigger than we can afford. If implemented, it will either explode the deficit, raise interest rates, & slow the economy; or if it is paid for,
it will require even bigger cuts in Medicare, Medicaid, education, and protection of the environment than the budget I vetoed. Either way, it will reduce opportunity, slow the economy, and ultimately hurt hard-working Americans. It is not responsible.
Source: Between Hope and History, by Bill Clinton, p. 58
Jan 1, 1996
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