John Thune actually said...

"this capital gains proposal that you all put forward, we really need to talk clearly about what it would do."

"you have a triple shot. You have an increase in the rate, you have a change in the time of realization, and you do away with stepped-up basis, all at the same time."

"this just seems like a really strange proposal, particularly if you represent a constituency like I do in a farm-based part of the country."

"this is just a very punitive tax on family farms and small businesses."