In 1994, the economy had the lowest combination of unemployment
and inflation in 25 years.
As part of the 1993 Economic
Plan, President Clinton cut taxes on 15 million low-income families
and made tax cuts available to 90 percent of small businesses, while
raising taxes on just 1.2 percent of the wealthiest taxpayers.
The President signed into law the Brady
Bill, which imposes a five-day waiting period on handgun purchases
so that background checks can be done to help keep handguns away from criminals.
The President's Crime Bill will put
100,000 new police officers on the street. More than 1,200 communities
have already received grants to hire 27,000 additional officers.
Bill also punishes criminals by expanding the number of offenses
eligible for the death penalty and implementing the
Bill banned the manufacture of 19 specific types of deadly assault
weapons, while simultaneously protecting hunters' rights by exempting
over 650 hunting rifles.
Strengthening Our Families: Security and Opportunity
President Clinton signed the
Family and Medical Leave Act. The law, which covers over 42 million
Americans, offers workers up to 12 weeks of unpaid, job-guaranteed leave
for child birth, adoption, or personal or family illness.
President Clinton has already cut the federal bureaucracy by more
than 100,000 positions. Under the recommendations of the National
Performance Review, the federal bureaucracy will be reduced by 272,000
-- its lowest level since the Kennedy Administration.
And, he reduced the White House staff by 25 percent.
Making Education A Priority
President's Direct Student Loan program, students can borrow money
directly from the government at a lower interest rate and with many flexible
repayment options, including the option to repay with a percentage of their
after-graduation salary. Taxpayers will save at least $4.3 billion over
In 1994, over 20,000 AmeriCorps members
tutored students, immunized children, reclaimed urban parks, and
patrolled neighborhoods. In return, they earned $4,725 per year of
service towards college tuition or job training.
President Clinton signed into law Goals
2000, a national standard of excellence for our public schools.
Already, 41 states and territories have received federal grants to raise
academic standards and improve schools.
President Clinton's Safe and Drug Free Schools and Community Act
and the Safe Schools Act provide funding to schools to fight violence
and drug abuse. Schools can use up to 25 percent of their funds to
purchase metal detectors, develop safe zones, and hire school security
School-to-Work program provides venture capital to spark a
nationwide system for moving America's young people from high school to
a job with a future. In 1994, all states received planning funds for
their school-to-work program.
Charter School legislation signed by President Clinton encourages
states and localities to set up public school choice.
Expanding Markets for American Products
The Clinton Administration forged a bipartisan coalition to
after concluding tough negotiations on side agreements covering workers'
rights, the environment, and import surges. Exports to Mexico rose 23 percent
in the first 11 months of 1994.
President Clinton led the fight to pass GATT, which
lowers tariffs worldwide by $744 billion over ten years -- the largest
international tax cut in history. GATT cuts tariffs on manufactured
goods by more than one-third overall and eliminates tariffs in major
markets in a number of sectors in which the U.S. is particularly
Protecting Our Environment
Under President Clinton, the EPA launched its "Common Sense
Initiative" to make health protection cheaper and smarter by
focusing on results rather than one-size-fits-all regulations.
The President's Northwest Forest Plan is putting communities in
the Northwest back to work, while conserving ancient forests.
After decades of conflict, the Clinton Administration negotiated
a consensus plan to protect
California's most valuable natural resource -- its water. The San Francisco
and Delta estuary supplies dr inking water to two-thirds of the state's
people, provides irrigation for 45 percent of the nation's fruits and vegetables,
and sustains 300 aquatic species.
Promoting Security and Freedom Abroad
President Clinton hosted the signing of the Israeli-Palestinian
Declaration of Principles in September, 1993, and the signing of the
Israeli-Jordan Washington Principles in July, 1994 -- historic
agreements between the leaders of Israel and her Arab neighbors to
settle differences by peaceful means.
To enhance European security and stability, the Clinton
Administration proposed the Partnership for Peace program, offering
former Soviet republics and Central/East European states closer ties
with NATO. Already, 22 nations have signed on, since NATO's adoption of
the program in January, 1994.