Officials say Clinton will increase spending, jobs
NATIONAL
WASHINGTON
(AH) — President
Clinton is eyeing
$31 billion in
spending increases
nnd tax breaks for
business to nrovide
a short-term lift to the economy, top ad
ministration officials have told senators.
Clinton is considering a package con
taining $16 billion in job-creating spend
ing for the 1993 fiscal year, and a $15
billion tax credit for businesses that in
vest in equipment, said two Democratic
officials who spoke on condition of ano
nymity Tuesday. The 1993 fiscal year
ends Oct, 1
In a Monday evening meeting with
senators. Clinton's top economic advis
ers said the $16 billion in spending Clin
ton is considering will be for road-build
ing, waste-water treatment facilities,
summer jobs, hiring people for the Head
Start program and hiring people to ad
minister childhood vaccinations
Clinton s aides said the president is
also considering a four-year plan to
strengthen the economy that would grow
from a $10 billion federal investment
next year to $60 billion in fiscal 1997.
one of the officials said. And Clinton still
contemplates trying to n*itu< e the federal
deficit by $145 billion by JlW7
The accounts are the most detailed de
scription yet of Clinton’s current think
ing about his most crucial campaign
promise — to fix an economy that has
lieen battered by a recession and a slug
gish recovery that has seen little |ob
growth.
Despite persistent unemployment, the
Commerce Department said Tuesday that
its index of leading onomic indicators
— the government's gauge of conditions
six to nine months off — jumped sharply
in December, sending the most positive
signal of future growth in nearly a dec
ade.
One of the officials said Clinton had
decided on the size of the short-term
stimulus, while the other said the figures
were not final
Senate Majority Leader CJeorge Mitch
ell. D-Maine, in whose office the meeting
was held, said a package of $.11 billion
— and other amounts — was dis< ussed.
But ho said no final decisions have been
made.
White House spokesman George
Stephanopoulos said Tuesday that "the
president hasn’t made any final decision
on numbers” in the short-term stimulus
‘He wants to have
Investment in jobs, as he
said during the
campaign. At the same
time he wants to have
some private sector
incentives as wed.1
George Stephanopoutos,
White House spokesman
But he acknowledged that it would con
tain spending cm job-producing projects
and investment-oriented tax breaks (or
businesses
"lie wants to have investment in jobs,
as he said during the campaign At the
same time, he wants to have some pri
vale sector incentives ns well."
Stephanopoutos said
lie said Clinton hoped the program
could create from 200.000 to 500,0110
jobs in a year
To pay for the $16 billion in spending.
Clinton will probably de< hire a budget
emergency, said the two Demia rntn offi
rials.
Wilder budget law. mu h .1 dis larntion
would allow spending (lint drives up llu>
federal deficit However, the Slti billion
in expenditures would not exceed this
year's spending cap set bv the 090
budget agreement.
There were no details available about
the business tax breaks, known ns invest
ment tax 1 rrdits Administration officials
recently have spoken about designing
them so the breaks would lie user) for
purchases that businesses would not
have made nnvwnv
Hut the plan is to make the t redit ret
mactive to DecemUtr 10*12. That would
encourage businesses to continue pur
chasing such equipment, rather than
waiting for the hill to lie enacted, which
could slow the economy.
Clinton's economii aides also spoke of
imposing new taxes on the wealthy, al
though none were specified. Clinton and
his advisers have talked aliout imposing
a new .Hi percent top income tax rate on
the most well-to-do Americans and a sur
tax on millionaires The current top rate
is 31 percent
In addition. I’anetta spoke of the need
for a "shared burden" in deficit reduc
tion. one official said
No smoking
in Clintons’
White House
WASHINGTON (AH) — The
Clinton administration's fresh
approach to governing includes
fresher air: Smoking is now
banned at the White House.
"If visitors to the White
House want to smoke, they will
probably have to go out of
doors." i.isn Caputo. a spokes
woman for Hillary Clinton said
Tuesday. “This is all part of the
new and fresh approach to the
White House."
Caputo confirmed the new
policy after Mrs. Clinton told
Thv New York Times in on in
terview that smoking was twing
banned, just as it was at the
Governor's Mansion in Little
Rook, Ark.
"The big issue about health is
so paramount to me that I don't
think we should permit smok
ing." she said.
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