John Thune: “A lot of the time it has been suggested that the capital gains issue has been depicted as something that only benefits…”

“A lot of the time it has been suggested that the capital gains issue has been depicted as something that only benefits those in the higher income brackets and on the death tax as well. I talk to a lot of people, I do not come from a State where we have a lot of high incomes. We are a resource-, capital-poor State, and yet we have a lot of small businesses in my home State and we have a lot of farms and we have a lot of homeowners. And what people I think fail to realize is that those are the things that the capital gains tax relief that we have talked about, the death tax relief, those are the things that benefit the small towns, the Main Streets, the businesses, the person who wants to pass on their farming operation to the next generation, the person, as the gentleman noted, who might be approaching their older years and wants to sell a house. These are things that are very mainstream issues; they are mainstream America. They benefit, I believe, the working people of this country who have worked hard and saved and now want an opportunity to realize some of the benefits of that effort.”