He accused Republicans of wanting to kill some all together. He has also threatened to veto a Republican plan to reform Medicare called Medical Savings Accounts, unless his programs are left intact (Hager 752). Under Federal law, the President is required to submit budget requests in 2 forms: Budget Authority (BA), the amount of new federal commitments for each fiscal year, and Outlays, the amount actually spent in the fiscal year (Rubin 1221). The plan that Clinton has presented is not only a budget resolution in the form of a campaign document, but also proof of how far the Republicans have moved him to compromise since the they took control of Congress. Most important, it does not readily translate into regular accounting principles used for government programming. This year's White House budget was a 2,196 page document that the GOP struck down immediately for not cutting taxes enough and neglecting to downsize the government (Hagar 752). "There is little or no change at all in this budget," said Pete Domenici (Senate Budget Committee Chairman), talking of Clinton's new budget. Among largest cuts within Clinton's plan was the downsizing of 1/5 to 1/3 of all programs that he felt were not a priority to present day government. In addition, he wanted to close loopholes presented to corporate taxation, that would save an estimated $28 billion. He vowed to keep programs like education, crime prevention, and research or environmental grants, while increasing the Pell Grant from $2,340 to $2,700. Attention was also placed on discretionary spending, with Clinton cutting a smaller $297 billion compared to GOP's $394 billion cut. According to the Office of Management and Budget, the President's plan cuts middle-income taxes by $107.5 billion in 7 years, small business by $7 billion, and cuts $3.4 billion from distressed urban and rural area relief (Rubin 1222). This was to be paid for by a $54.3 billion hike in corporate and wealthy-income t...
