In the final 72 hour election crunch of the [[1992 Presidential election]] at Hillary Clinton's behest, the issues were framed as "raising taxes on foreign corporations." Hillary Clinton alleged that the Bush/Quayle ticket, the [[Republican Party]], and the Reagan coalition wanted to grant foreign [[corporation]]s doing business in the [[United States]] massive tax cuts. The Clinton campaign promised to thwart these efforts and grant the American taxpayers a [[tax cut]].<ref>''The Agenda: Inside the Clinton White House'', Bob Woodward, NY: Simon & Schuster, 1994. [http://www.mediaresearch.org/mediawatch/1994/watch19940801.asp]</ref>
−
The result in the first 100 days after Clinton Administration won a plurality was a massive tax cut for foreign corporations through [[NAFTA]] and a [[tax increase]] on the American people.<ref>[http://www.clintonmemoriallibrary.com/clint_econ.html William Jefferson Clinton Memorial Library]. On Aug. 10, 1993, the largest tax increase in history was signed into law, raising taxes by almost $280 billion over five years. "Instead of middle-class tax relief, President Clinton chose to include in his $241 billion tax plan higher federal gasoline taxes, tax hikes on Social Security recipients, and steep income tax hikes on small business owners. The President even tried unsuccessfully to institute a brand new $71 billion [[BTU energy tax]] that would have cost the typical family nearly $500 per year." ''The President's Forgotten Middle Class,'' Joint Economic Committee, Majority Staff, 3/22/96.</ref>