et deficit.[44]
On February 17, 1993, in a nationally televised address to a joint session of Congress, Clinton unveiled his economic plan. The plan focused on deficit reduction rather than a middle-class tax cut, which had been high on his campaign agenda.[45] (Clinton was pressured by his advisers, including Robert Rubin formerly of Goldman Sachs, to raise taxes on the theory that a smaller federal budget deficit would reduce bond interest rates.[46]) (In December 2010, Clinton defended President Barack Obama's compromise with the Republican congressional leadership, extending the George W. Bush's era tax cuts, which many Democrats felt unfairly favored the wealthy.[47])
Shortly after taking office, Clinton signed the Family and Medical Leave Act of 1993, which required large emp
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