Clinton and Congress reach budget agreement

Article Abstract:

Pres Bill Clinton and the House of Congress have agreed to legislate the Taxpayer Relief Act of 1997 which can be used to balance the federal budget by the year 2002. Some of the bill's highlights deal on gasoline taxation, the tax exemption of educational assistance and the tax regarding research and development. $600 million worth of special interest tax breaks and entitlement spending measures were rejected by Pres Clinton to protect the taxpayers and to avoid unjustifiable expenditures of the government.

United States, Interpretation and construction, Tax law, Economic policy, Budget, Budgeting, Budgets

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Clinton unveils transportation spending bill

Article Abstract:

Pres. Bill Clinton has introduced a new transportation spending bill called the National Economic Crossroads Transportation Efficiency Act. The bill, which is based upon the 1991 Intermodal Surface Transportation Efficiency Act, seeks to improve the environmental and safety aspects of transportation. The bill allots $175 billion spread over six years for the support of transportation programs. The amount represents an 11% increase over the previous budget for transportation.

Political activity, Transportation industry

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The 105th Congress: A mixed bag of achievements

Article Abstract:

Lawmakers at the 105th Congress were able to make some significant legislation despite the political chaos and internal divisions. A notable achievement was the passing of the Transportation Equity Act for the 21st Century (TEA-21), representing the largest investment in transportation construction by the nation since the 1950s. A stand-alone appropriations bill for Department of Transportation (DOT) programs was planned, but the measure was attached to the omnibus bill.

Analysis, Public works, Bills, Legislative, Legislative bills

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