Xavier Becerra: “Drastically differently. Wages are fully taxed. Capital gains are not. The proposal that the Republicans have in their…”

“Drastically differently. Wages are fully taxed. Capital gains are not. The proposal that the Republicans have in their Contract with America says let us give them a further break in their capital gains, but the interesting thing about this is who benefits, and if you look at the charts, you see really who will benefit. As Laura D'Andrea Tyson said, and she is the President's Chief of the Council of Economic Advisers, fully 75 percent of those capital gains will go to the 10 percent richest Americans.”