ECONOMIC PROGRESS IN WISCONSIN
UNDER PRESIDENT CLINTON

President Clinton's strategy to strengthen the economy is based on reducing the federal budget deficit, lowering trade barriers, and empowering workers, families, businesses and communities to succeed. Here are some of the results for the nation and Wisconsin after the first two years of the Clinton Administration:

Improved Economic and Fiscal Conditions in the United States:

• Under Clinton Economic Plan, the deficit will be lowered by more than $600 billion -- the deficit will be cut for three years in a row for the first time since Harry Truman was President.
• Almost 6 million new jobs created -- private sector job growth rate 8 times faster than during previous Administration.
• Federal government workforce will drop by 272,900 -- creating lowest workforce since the Kennedy Administration.

Improved Economic Conditions in Wisconsin:

• 26% more new jobs per year -- 55,722 vs. 44,375 average during the previous 4 years.
• 46% more new private sector jobs per year -- 53,478 vs. 36,675 average during the previous 4 years.
• 26,100 new manufacturing jobs in 23 months -- after 3,500 lost during the previous 4 years.
• Bank lending growth 3 times greater than during previous 4 years -- $2.5 billion per year vs. $626 million per year.
• Bankruptcy filings have dropped 11%.

What President Clinton's Accomplishments Have Achieved for the People of Wisconsin:

9 TIMES MORE WISCONSIN FAMILIES RECEIVE A TAX CUT THAN A TAX INCREASE: As a result of the expanded Earned Income Tax Credit, 193,349 working families in Wisconsin will receive a tax cut. This compares to an increase in the income tax rate for only the 20,645 wealthiest taxpayers in Wisconsin.

TAX CUT FOR 22,633 SMALL BUSINESSES IN WISCONSIN: The President helped entrepreneurs, proprietors, and other small businessmen and women by expanding the annual expensing allowance from $10,000 to $17,500. About 22,633 small businesses in Wisconsin are likely to benefit from the expansion of the expensing allowance this year alone and many more will benefit over the coming years.

883,000 WISCONSIN WORKERS PROTECTED BY FAMILY AND MEDICAL LEAVE ACT: The Family and Medical Leave Act allows workers to take up to 12 weeks of unpaid leave for the birth of a child, to care for a sick family member, or if they become too sick to work. This law covers about 883,370 workers in Wisconsin, and protects the jobs of 53,068 workers in Wisconsin who are likely to use unpaid leave this year alone.

837,800 STUDENTS AND FORMER STUDENTS IN WISCONSIN WILL BE ABLE TO BENEFIT FROM STUDENT LOAN REFORMS: Approximately 837,800 Wisconsin borrowers -- 586,500 current borrowers and 251,300 new borrowers in the next few years -- can take advantage of the new direct student loan program by participating directly in the program or by consolidating guaranteed loans into direct loans. Some will benefit from lower interest rates, and all will benefit from more repayment options, including income contingent repayment.