US Presidency
1992

A cut in the capital gains tax increases jobs and helps just about everyone in our country. And so, I am asking you to cut the capital gains tax to a maximum of 15.4 percent. I'll tell you, those of you who say, Oh, no, someone who's comfortable may benefit from that, you kind of remind me of the old definition of the Puritan who couldn't sleep at night, worrying that somehow, someone somewhere was out having a good time. The opponents of this measure and those who have authored various so-called soak the-rich bills that are floating around this chamber should be reminded of something: When they aim at the big guy, they usually hit the little guy. And maybe it's time that stopped. This, then, is my short-term plan. Your part, members of Congress, requires enactment of these commonsense proposals that will have a strong effect on the economy without breaking the budget agreement and without raising tax rates. While my plan is being passed and kicking in, we've got to care for those in trouble today.