On the recordJanuary 28, 1997
The answer is, yes, my homeowners exemption, capital gains exemption is in the budget. Everything I talked about at Chicago is in the budget. And the capital gains issue has never been a particularly high priority with me because I've never seen it demonstrated as a big engine of economic growth overall and because I thought the previous--as you know, this is nothing new--the proposal that the Republicans made in their budget I thought was entirely excessive and would really almost squander money by having it be retroactive. But what I've--I have tried to practice what I preach here. I want to keep our powder dry; I want them to keep their powder dry. I will present a budget. I know what my priorities are. I know what theirs are on the taxes. And then what we need to do is to meet each other in good faith. This and all other issues can best be resolved by an early attempt to work through to a balanced budget agreement. Thank you very much.
Source
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