I do know that. In fact, I spoke to that when the tax bill came up to that very provision. It was the Matsui provision, as I recall, on capital gains. We had to change that because it applied to small capitalized companies. But in the next tax cut bill, there was a Medicare revenue increase where we also had to waive the rule.
James Moran: “I do know that. In fact, I spoke to that when the tax bill came up to that very provision. It was the Matsui provision…”
Editor's note · Context
Discussing provisions related to tax bills and capital gains during a floor speech.
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