Political Quotes

Bill Clinton: Well, first, let me make a comment about--there will not be a Btu tax. If it is an energy tax, it will only be the fuel…

On the recordJuly 29, 1993
Well, first, let me make a comment about--there will not be a Btu tax. If it is an energy tax, it will only be the fuel tax. I think it will pass at a low enough level so that it will not burden travel any. Keep in mind that gasoline in America is the cheapest of any country in the world, and gasoline is now at its lowest price in 30 years in America when you make adjustments for inflation. So we've got very low fuel costs, and we're proposing a very modest gas tax, not a big one. Secondly, there are a lot of things that are good for Nevada, are the incentives to revitalize the homebuilding and real estate-- homebuilding's slow everywhere, just about--the incentives for all small businesses to invest more, to increase their profitability and their employment, which is a dramatic thing. We've qualified over 90 percent of the small businesses in this country for a tax break. And then the incentives for new high-tech industry and research and development and investment in new companies, that's very important, because among other things, we're trying to find alternative developments uses for the nuclear test site while we've got this moratorium on nuclear testing. You've got a big sort of technology-based infrastructure up there because of the past nuclear tests, and the Governor's economic development task force is working with us now to determine whether there are alternative uses and projects and spinoffs. And this would help a great deal because it would make this kind of investment more attractive to more capital by giving tax incentives to attract it. So all those things are important. And in the end, I'll say every State in the country will have a more attractive, effective economy if the deficit stays down and we can keep interest rates down. Low interest rates for a sustained period of time will make available more money to more business people and lower cost in every State in America, and that's very, very important. That's a big issue in every State. We can take a few more questions if you like. Let me go back to the top. Federal Lands
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Bill Clinton
Democratic · Arkansas

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