Clinton: Increase the top marginal rate to 36% (from 31%) for couples with taxable income over $140,000 ($115,000 for individuals) and to 39.6% for households with income over $250,000.
House: Same as Clinton, retroactive to Jan. 1, 1993.
Senate Finance Committee: Same marginal rates, but effective July 1, 1993, cutting the increase by half for this year. Capital-gains tax rate increases to 30.8% (from 28%) next year for households with income over $250,000.
Clinton: Tax 85% (up from 50%) of benefits for couples with income over $32,000 ($25,000 for individuals).
House: Same as Clinton, effective Jan. 1, 1994.
Senate: Eases new tax by raising income threshold to $40,000 for couples ($32,000 for individuals).
Clinton: Cut growth of Medicare spending by $50 billion over five years. Eliminate the current $135,000 cap on wages subject to the Medicare payroll tax, effective Jan. 1, 1994.
House: Same as Clinton.
Senate: Cuts an additional $19 billion in spending, for a total of nearly $70 billion in cuts over five years.
Clinton: Increase top corporate tax rate to 36% (from 34%).
House: Increase top corporate tax rate to 35%, retroactive to Jan. 1, 1993. Senate: Same as House.
Clinton: A tax on energy based on heat content as measured in BTU, with some exemptions.
House: Similar to Clinton, with tax phased in beginning July 1, 1994.
Senate: Replaces the broadbased BTU tax with a 4.3 cents-a-gallon increase in federal sales tax for gasoline, diesel and other transportation fuels.
