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Tom Daschle on Budget & Economy

Former Democratic Senator (SD); Secretary of H.H.S.-Designee


Supported 1998 budget: first one balanced since 1969

Economic growth in the first quarter of 1997 was reported to be 5.6%, which pushed the estimated deficit down to $75 billion, about a quarter of what it was when I took office. On May 2, I announced that, at long last, I had reached a balanced budget agreement with Speaker Gingrich and Senator Lott and the congressional negotiations for both parties. Senator Tom Daschle also announced his support for the agreement. Dick Gephardt did not, but I was hoping he would come around once he had a chance to review it.

I met the Republicans halfway on the amount of Medicare savings. The Republicans accepted a smaller tax cut, the child health insurance program, and the big education increase. We had produced the first balanced budget since 1969, and a good one to boot. Senator Lott and Speaker Gingrich had worked with us in good faith, and Erskine Bowles, with his negotiating skills and common sense, had kept things going at critical moments.

Source: My Life, by Bill Clinton, p.754-755 , Jun 21, 2004

Voted NO on prioritizing national debt reduction below tax cuts.

Vote to table [kill] an amendment that would increase the amount of the budget that would be used to reduce the national debt by $75 billion over 5 year. The debt reduction would be offset by reducing the tax cut in the budget framework from $150 billion
Reference: Bill S Con Res 101 ; vote number 2000-55 on Apr 5, 2000

Voted YES on 1998 GOP budget.

Approval of the 1998 GOP Budget which would cut spending and taxes.
Status: CR Agreed to Y)78; N)22
Reference: H. Con. Res. 84 as amended; Bill H. Con. Res. 84 ; vote number 1997-92 on May 23, 1997

Voted NO on Balanced-budget constitutional amendment.

Approval of the balanced-budget constitutional amendment.
Status: Joint Resolution Defeated Y)66; N)34
Reference: S. J. Res. 1; Bill S. J. Res. 1 ; vote number 1997-24 on Mar 4, 1997

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Page last updated: Dec 15, 2011