[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-441014-105":3,"doc-detail-441014-en":80,"detail-sidebar-cat-0-en-105":97},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":73,"head_meta":75,"extra_data":77,"updated_unix":79},105,"en","will-it-help-the-economy-issue","Will It Help The Economy - Issue","","The text explains President Bill Clinton’s economic plan and the competing arguments about its impact. It describes proposed tax increases totaling about $246 billion over four years, including higher income, business, Medicare/Social Security, and a new energy tax. It also outlines federal spending reductions in defense, nondefense programs, and health care, and connects the plan to concerns about the federal budget deficit and national debt. It further covers congressional debate, public opinion, and expected votes.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/will-it-help-the-economy-issue/441014/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/will-it-help-the-economy-issue/441014.png","ImageObject",300,407,{"name":42,"@type":43},"Sophia Brooks","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-21","2026-09-29",true,{"@type":52,"interactionType":53,"userInteractionCount":33},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What is the main idea behind Clinton’s economic plan?","Question",{"text":62,"@type":63},"The plan aims to fix the U.S. economy by raising taxes and cutting federal spending to address the federal budget deficit and reduce pressure from the growing national debt.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"Which taxes does the plan propose to increase?",{"text":67,"@type":63},"It proposes higher income taxes, higher business taxes, Medicare/Social Security taxes, and a new energy tax that would also raise the price of energy.",{"name":69,"@type":60,"acceptedAnswer":70},"How does Congress decide whether the plan becomes law?",{"text":71,"@type":63},"The plan must be passed into law by Congress. Democrats are described as likely to pass it with changes, while Republicans are described as seeking more spending cuts and additional support for job-related measures.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},441014,1790885250,{"code":4,"msg":81,"data":82},"success",{"doc_id":78,"user_id":83,"nickname":42,"user_avatar":84,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":85,"file_id":86,"file_url":87,"file_type":88,"file_size":89,"view_count":33,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":90,"language":91,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":92,"faqs":93,"seo_title":94,"seo_description":12,"update_tm":95,"read_time":96},962084925636,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","# Will It Help The Economy?\n\n■t's good;it's bad.It willhelp the country;it will hurtthe country.It will make oureconomy grow;it will top oureconomy from growing.  \n\"It,\"of course,is PresidentClinton's new economic planto fix the economy by raisingtaxes and cutting spending.The President revealed hisplan February 17 in his Stateof the Union Address.In-stantly,it became the num-ber-one topic of discussion allacross America—from smalltown main streets to the hallsof Congress.  \nEveryone realizes that the  \nEstablished 1902  \n\"It's Bill Clinton...He wants to know how he's doing.\"            \n# CLINTON'S PLAN\n\nU.S.economy needs fixing.But there is much debateabout whether Clinton's planis the way to fix itDemocrats generally praisedthe plan;Republicans gener-ally criticized it.The Presi-dent,Vice President Gore,and most of the President'scabinet immediately went todifferent parts of the countryto explain the plan and askpeople to support it.  \nPresident Clinton went toMissouri,Ohio,and Califormiato explain his economic planto groups of citizens.In Ohio,the President led a question  \n# CURRENT EVENTS\n\nand answer session about theplan with young people.  \n## More Taxes\n\nOne part of President Clin-ton's economic plan involvesraising an additional $246billion over four yearsthrough higher taxes.Themain tax increases:  \n●Higher Income Taxes.Income taxes are taxes takenout of people's wages andsalaries.Clinton's plan wouldraise an additional $97 billionin income taxes over fiveyears,mainly from taxpayerswho earn more than$100,000 per year.  \n·Higher Business Taxes.The plan would raise an ad-ditional $36.5 bllion throughhigher taxes on businessprofits.  \n●Medicare/Social Secu-rity Taxes.Medicare is agovernment program that  \n-7heCmcmnol gnquiner/oim Boigmon  \nReprinted wih special permission of King Features Syndicale  \npays the medical expenses ofpeople who don't receive So-cial Security.Social Securityis a federal program that pro-vides money to people whoare retired or unable to work.By taxing some Medicare andSocial Security payments topeople over a certain income,the plan would raise $22 bil-lion over four years.  \n●New Energy Tax.Clin-ton's plan would impose anew tax on all energy use—electrical,gas,oil,and naturalgas.This would raise $49 bil-lion.It would also raise theprice of all forms of energy.(See graph on p.4.)  \nLess Spending  \nThe other major part ofPresident Clinton's economicplan is cutting federal spend-ing.  \n·Defense Cuts.By reduc-ing the number of troops and  \n(continued on page 2)  \nby not building a number ofnew weapons,Clinton hopesto save an $76 billion.  \n●Nondefense SpendingCuts.The plan would cutmany government programsthat the Clinton administra-tion does not consider impor-tant and cut at least 100,000employees from the federalgovernment payroll.Thiswould save around $50 bil-lion.  \n*Health Care Cuts.Cutsin money the governmentspends on health care andcuts in special subsidies (spe-cial payments give to groupssuch as farmers)will save$97 billion.  \nThese spending cuts,plusa reduction in interest pay-ments on the national debt(see below)are expected tosave the government some$246 billion over four years.  \nGOTEROMENTJO SPNOGNG.ESCESS  \n## The Deficit\n\nWhy has the President in-troduced such a massive pro-gram of new taxes andspending cuts?  \nHe,as well as just abouteveryone in the government,is worried about a monsterthat threatens our entire wayof life—the huge federal bud-get deficit.  \nA budget deficit occurswhen the amount of moneythe government spends isgreater than the amount ofmoney it takes in throughtaxes.To make up the differ-ence,the government mustborrow money,promising topay it back later with interest.  \nInterest is money a bankor other lender charges formaking a loan.For example,if you borrow $100 at 10 per-cent interest,you must payback $110.  \nBY $247 BILLION  \nCURRENTEVENTS ISSN0011-3492)-Copynight o1993 by Weekly Reader Corporation.CurrentEvents is a federally registered trademark of Weekly R","cbCaig1vKwLf6HGh","https://ap.wps.com/l/cbCaig1vKwLf6HGh","pdf",2887276,9,"English","# Clinton's Plan\n## More Taxes\n## Less Spending\n# The Deficit\n# Congress to Act\n# Also in the News","[{\"question\":\"What is the main idea behind Clinton’s economic plan?\",\"answer\":\"The plan aims to fix the U.S. economy by raising taxes and cutting federal spending to address the federal budget deficit and reduce pressure from the growing national debt.\"},{\"question\":\"Which taxes does the plan propose to increase?\",\"answer\":\"It proposes higher income taxes, higher business taxes, Medicare/Social Security taxes, and a new energy tax that would also raise the price of energy.\"},{\"question\":\"How does Congress decide whether the plan becomes law?\",\"answer\":\"The plan must be passed into law by Congress. Democrats are described as likely to pass it with changes, while Republicans are described as seeking more spending cuts and additional support for job-related measures.\"}]","Will It Help The Economy - Issue | PDF",1790694298,23,{"code":4,"msg":81,"data":98},[99,103,107,110,115,120,125,130,134,137,141],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":104,"show_sort_weight":105,"slug":106},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":108,"slug":109},70,"exam",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":112,"show_sort_weight":113,"slug":114},5,"Comic",60,"comic",{"id":116,"doc_module":4,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},6,"Technology",50,"technology",{"id":121,"doc_module":4,"doc_module_name":25,"category_name":122,"show_sort_weight":123,"slug":124},7,"Healthcare",40,"healthcare",{"id":126,"doc_module":4,"doc_module_name":25,"category_name":127,"show_sort_weight":128,"slug":129},8,"Research & Report",30,"research-report",{"id":90,"doc_module":4,"doc_module_name":25,"category_name":131,"show_sort_weight":132,"slug":133},"Religion & Spirituality",20,"religion-spirituality",{"id":132,"doc_module":4,"doc_module_name":25,"category_name":135,"show_sort_weight":132,"slug":136},"World Cup","world-cup",{"id":138,"doc_module":4,"doc_module_name":25,"category_name":139,"show_sort_weight":138,"slug":140},10,"Lifestyle","lifestyle",{"id":142,"doc_module":4,"doc_module_name":25,"category_name":143,"show_sort_weight":111,"slug":144},19,"General","general"]