Effect
The government was able to raise additional revenue, which helped balance the budget and by the end of the 1990s began to reduce privately held public debt.
Read more about this topic: Omnibus Budget Reconciliation Act Of 1993
Famous quotes containing the word effect:
“At first I intended to become a student of the Senate rules and I did learn much about them, but I soon found that the Senate had but one fixed rule, subject to exceptions of course, which was to the effect that the Senate would do anything it wanted to do whenever it wanted to do it.”
—Calvin Coolidge (1872–1933)
“Even a purely moral act that has no hope of any immediate and visible political effect can gradually and indirectly, over time, gain in political significance.”
—Václav Havel (b. 1936)
“Art should exhilarate, and throw down the walls of circumstance on every side, awakening in the beholder the same sense of universal relation and power which the work evinced in the artist, and its highest effect is to make new artists.”
—Ralph Waldo Emerson (1803–1882)