Kent Conrad: “I asked my staff to find out in North Dakota what happened because we continually are told these are the big taxers and…”

“I asked my staff to find out in North Dakota what happened because we continually are told these are the big taxers and the big spenders. I have reported what happened to spending. Every year under the Clinton administration spending as a share of our national income has gone down--each and every year. Big spending? I do not think so. This President has reduced spending measured against our national income. And on the tax side, in my State of North Dakota, as a result of the 1993 plan, 29,000 people got a tax cut because of the expansion of the earned-income tax credit that was included in the Clinton plan; about 1,400 people got an income tax rate increase. And who were they? They were couples earning over $180,000 a year and individuals earning over $140,000 a year. So 20 times as many people got a tax reduction as got a tax increase.”