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Office of the Press Secretary

For Immediate Release April 15, 1999
        Providing Tax Relief to Middle-Income American Families


Because of President Clinton's and Vice President Gore's 1993 economic plan and the 1997 balanced budget agreement, the typical middle-income family has the lowest federal tax burden in over 20 years. The President's FY2000 budget builds on this record and proposes targeted tax relief for retirement saving, long-term health care, education, child care, community revitalization, and the environment.

The 1993 Economic Plan -- Passed Without a Single Republican Vote -- Helped Slash the Deficit, While Providing Tax Cuts for Working Families and Small Businesses.

The 1997 Balanced Budget Agreement Provided Tax Relief To Make It Easier for Working Families To Raise Their Children and Send Them to College.

Because of this Strong Record, the Typical Middle-Income Family Will Face the Lightest Federal Tax Burden in Decades:

The President's FY2000 Budget Takes the Next Step, Proposing Tax Relief For:

Tax Credits For More Fuel Efficient Vehicles and Homes. The budget contains $3.6 billion over the next 5 years in tax cuts for energy-efficient purchases and renewable energy, including: tax credits of between $1,000 and $4,000 for consumers who purchase advanced-technology, highly fuel-efficient vehicles; a 15 percent credit (up to $2,000) for purchases of rooftop solar equipment; and a tax credit of up to $2,000 for purchasing energy-efficient new homes.