In which way did Bill Clinton create an budget surplus in the Federal budget?

Question

Question

business finance

Answer 1

Answer #1

He achieved budget surplus by:

1) Raising personal income tax rate

2)Raising corporate tax rate

3)Raised gas tax

Revenue increased because of the above steps

4)Reduced welfare spending

Costs reduced because of above step.

Net budget surplus was 128$ billion in 2001 when he left office

Answer 2

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