Bill Clinton: “But what we ought to be able to do is to say that, at least in the years when you realize no net gain, in the early…”

“But what we ought to be able to do is to say that, at least in the years when you realize no net gain, in the early years of a contract, you shouldn't be subject to taxation. [The participant stated that when his business incurred 50 percent of its costs, it had to pay 50 percent of the tax on 50 percent of profit that was years away.]”