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May
14
1993
President Clinton declared victory when his economic program to lower the federal deficit passed the House Ways and Means Committee in May 1993. But panelist Gloria Borger predicts political deadlock in the Senate between Democrats and Republicans over Clinton’s desired tax hike—the biggest the country had seen in decades—that proposed to raise taxes on the wealthy and increase the Social Security tax.
Clinton | deadlock | Democrats | federal deficit | Gloria Borger | May 1993 | Republicans | Senate | social security | Tax Hike |

















