On the recordOctober 22, 1992
Well, let me put the economy in perspective first, if I can. We're in what's called a global slowdown, or a global recession. I'll take my share of the blame. But when you look at Germany and Canada and France and the European countries, it's hard to believe, we're doing better than they are. It's the U.S. that's going to lead the way out. The answer to your question--I don't think Perot said he's going to give small businesses money. Our small-business program says give tax incentives, an investment tax allowance. I want to get that through the Congress. I want to do a capital gains. People say a capital gains cut is a tax for the rich; the enemy, the opposition says that. It's not. It's going to stimulate investment in new businesses. A person's going to take a risk if they know they can keep a little more of what they earn. So it's that. You talk about small business getting stimulated, my credit for first-time homebuyers says to a homebuyer who never owned a home: You're going to get $5,000 credit. It stimulates a lot of businesses that supply the housing industry. So I think those three things--cutting down on the paperwork, regulation strangling a lot of small businesses, is the way to get it done.
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