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OCR Page 1 of 35A NATION TRANSFORMED
Clinton-Gore Administration Accomplishments: 1993 - 1999
Over the last six years, President Clinton and Vice President Gore have led America in
preparing for the 21st Century. The President and Vice President have put our economic house in
order while providing tax relief for middle income families, expanding critical investments in the
future and continuing American leadership in the world. The accomplishments of the Clinton-Gore
Administration are giving Americans the tools to realize their potential, providing opportunity while
demanding responsibility and building One America in which all are challenged to serve.
Economy: the Strongest Economy in a Generation
Closing The Book on A Generation of Deficits -- in 1992, the deficit was $290 billion, a record
dollar high. This year, the Administration expects the budget surplus to be $79 billion, the largest
budget surplus in history.
Nearly 18 Million New Jobs -- more than 90% of the new jobs have been created in the private sector,
the highest percentage in 50 years.
Fastest Real-Wage Growth In More Than Two Decades -- after adjusting for inflation, wages have
increased 2.5% in the past 12 months -- the fastest real wage growth in more than two decades.
Lowest Unemployment in Nearly Thirty Years -- down from 7.5% in 1992 to 4.3% today -- staying
below 5% for 18 months in a row.
Highest Homeownership Rate in History -- there are more than 7 million new homeowners since
the President took office.
Families and Communities: Strengthening America's Working Families
$500 Per-Child Tax Credit -- 26 million families with 40 million children will receive the $500
per-child tax credit.
Tax Cuts for Working Families -- 15 million working families receive additional tax relief through
the President's expansion of the Earned Income Tax Credit.
Protecting Families -- Family and Medical Leave allows workers to take up to 12 weeks of unpaid
leave to care for family members without fear of losing their jobs. Millions of workers have already
benefited from FMLA since its enactment.
Largest Four-Year Drop in Child Poverty Since 1960s -- Under President Clinton, the child poverty
rate has declined from 22.7% to 19.9% -- the biggest four-year drop in nearly 30 years.
Increased the Minimum Wage from $4.25 to $5.15 per hour -- increasing wages for 10 million
workers.