The proposed Clinton budget for fiscal year 2001 includes 106 separate tax increases.
When tallied up, it is estimated that the Clinton budget would cut some taxes by $351 billion over the coming decade, while hiking other taxes by $181 billion. This amounts to a net tax cut of about $170 billion over the coming
decade. Meanwhile the federal government is likely to spend more than $21.5 trillion of taxpayer money over the same decade.
Based on these projections, Clinton's proposal comes in at a net tax cut of a pithy 0.8%.