Mr. Clinton's projections, released today, assume that the American economy will grow between 2.1 percent and 2.6 percent a year for the next 15 years.
The 1 percent tax will produce $138 million in revenues in 1995, according to a projection released today.
According to projections released last week by the Consumer Electronics Association, digital television still has a long way to go.
Immediately after the election, Dave Stockman, Reagan's OMB manager admitted that the coming deficits were much higher than the projections released during the campaign.
That budget, according to new financial projections the authority released this week, will have a deficit of $607 million in 2006, rising to $991 million in 2008.
In its projections released in 1964, for example, the bureau projected that the United States population would rise to 207.5 million in 1970.
The latest projections released today by the Organization for Economic Cooperation and Development, suggest that Japan, the world's second-largest economy, will not be growing again until 2000.
New York State's fiscal problems will continue for at least another three years, the State Budget Division said in projections released today.
The projections released today seemed to provide new ammunition for the groups lobbying against the tax cut.
In projections released this month, the Congressional Budget Office, a nonpartisan agency, estimated that the fiscal 1992 deficit would soar to $368 billion, the highest ever.