The Clinton budget also manipulates its proposed tax cuts in order to avoid having to make tough choices on curbing spending. The budget proposes a meager $98.5 billion in gross tax cuts over seven years, equivalent to returning just 8 cents of every $1,000 in taxes the government expects to collect. The centerpiece of the plan is a tax credit for dependent children that begins at $300 per child and increases to $500 per child in 1999. However, Clinton "sunsets" the child credit after FY 2001, increasing taxes on these families by over $17 billion in 2002 -- the year Clinton promises to balance the budget.

 

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