Bill Clinton: “I think so. I mean, the Republicans ought to love it because it's a tax incentive thing, you know, it's not a big…”

“I think so. I mean, the Republicans ought to love it because it's a tax incentive thing, you know, it's not a big Government program. But here's how it would work. Suppose you and I were trying to build a shopping center development in East St. Louis, where we visited, and suppose the costs of that were--I'm making this up--about $300 million, and suppose we could raise $100 million in capital. Well, if we could do that, we could get a 25 percent tax credit with that $100 million investment, which takes our risk down to $75 million right off the bat. We've only got $75 million at risk, not $100 million. We could then go borrow the other $200 million from the bank with a Government guarantee on the borrowing, which would dramatically cut the interest rates and save us another several million dollars over the life of the project. Mr. Jackson. So you've got tax incentive, investment incentive, and loan guarantees and markets.”