More Big Government
March 11, 1996
President Clinton's proposed budget for fiscal year 1997 -with projections through 2002 - would increase taxes by $1,927 per household over the next seven years and increase spending per household by $3,155.
- Overall federal spending would increase by $361 billion over the next seven years and tax revenues would increase by $526 billion.
- Spending would total $12.16 trillion over the next seven years -- $306 billion more than the balanced budget Congress passed and he vetoed.
- Revenues would total $11.4 trillion over seven years, $187 billion more than the congressional budget.
- Deficit spending would total $119 billion more through 2002 than the budget the president vetoed, passing along $1,227 per household in additional debt for the next generation to pay.
Source: Scott A. Hodge, "Clinton's FY 1997 Budget: the Era of Big Government Lives On" Backgrounder No. 1071, March 11, 1996, Heritage Foundation, 214 Massachusetts Avenue, NE, Washington, DC 20002, (202) 546-4400.
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