{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: WASHINGTON: PRESIDENT CLINTON TAX CUTS PRESS CONFERENCE' data-url='/boclips/videos/5c54bc8ed8eafeecae12d8c0' data-video-url='/boclips/videos/5c54bc8ed8eafeecae12d8c0' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: WASHINGTON: PRESIDENT CLINTON TAX CUTS PRESS CONFERENCE\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatU-S President Bill Clinton has raised the possibility of tax cuts in the next budget year.Talking to journalists at the White House, Clinton held out the possibility of tax cuts after the Congress fixes the Social Security...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eU-S President Bill Clinton has raised the possibility of tax cuts in the next budget year.\u003cbr/\u003eTalking to journalists at the White House, Clinton held out the possibility of tax cuts after the Congress fixes the Social Security system.\u003cbr/\u003eHe said the expected budget surplus is expected to hit a record 39 (b) billion U-S dollars this year. \u003cbr/\u003eJust five months ago, the United States President predicted a deficit of 22 (b) billion U-S dollars.\u003cbr/\u003eHowever, a lot of money has been pouring into the treasury thanks to the strong American economy.\u003cbr/\u003eAnd economists are now scrambling to update their forecasts.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"This is, of course, very good news for the American people. Now it's official that this year, well ahead of the most ambitious schedule, America has balanced the budget.\"\u003cbr/\u003eSUPER CAPTION: Bill Clinton, U.S. President\u003cbr/\u003eAlready in this midterm election year, Republican congressional leaders have been talking about a tax break.\u003cbr/\u003eBut the President made it clear that Social Security spending remained a priority.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Let me clear, I will oppose any budget that fails to set aside the surpluses until we have strengthened Social Security for the 21st century. Let me also be clear that does not mean that in the future there could never be a tax cut, it simply means that we need to know how we're going to pay for the challenges of reforming Social Security.  Once we know that and we should know that sometime next year -- I would hope early next year because of the work being done this year then we can have a debate about what ought to be done if there are funds that still are unaccounted for and unobligated.\"\u003cbr/\u003eSUPER CAPTION: US President Bill Clinton\u003cbr/\u003eOne of the most closely watched numbers in Washington is the five-year budget estimate.\u003cbr/\u003eThe latest projection from the Clinton administration is that the surplus will total 495 (b) billion U-S dollars from 1999 to 2003.\u003cbr/\u003eThat is more than twice the estimate in February of 230 (b) billion U-S dollars.\u003cbr/\u003eUntil now, the record surplus was the 12 (b) billion U-S dollars in credit the government registered in 1948. \u003cbr/\u003eBut because of inflation, dollars are worth far less today than they were in 1948, when the entire federal budget was 30 (b) billion U-S dollars -- compared to 1.7 (t) trillion U-S dollars today.\u003cbr/\u003eWashington DC, USA. May 26 1998\u003cbr/\u003e1. Walk in shot of U-S President Bill Clinton and Vice President Al Gore\u003cbr/\u003e2. Cutaway shot press\u003cbr/\u003e3. Mid shot Clinton being handed copy of report\u003cbr/\u003e4. Wide shot press\u003cbr/\u003e5. SOUNDBITE: (English) US President Bill Clinton \u003cbr/\u003e6. Close-up of chart\u003cbr/\u003e7. SOUNDBITE: (English)  US President Bill Clinton\u003cbr/\u003e8. Various wide shots Clinton addressing reporters\u003cbr/\u003e9. Clinton and entourage walks off\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1998\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;keywords=plot+characters+and+setting\u0026amp;page=30\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ebill clinton, business, economy, north america, work, america\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 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