[graywaiter]

That's just it. I don't think he has a clue of what he's talking about. The only way I know of to receive a “capital gain” is to SELL an asset for more than what you (a) paid for it, (b) have in it or (c) inherited value. This applies to ANY asset, not just a small business. You have to SELL it to acquire an “capital gain” to need a tax cut. I guess we're all gonna be o.k. if we want to sell our businesses to get it! DUH!! This has got to be a misquote or pure b.s.

[Inyokern]

I don't think he has a clue of what he's talking about.

More likely he is cynically proposing something that sounds good but will not actually lower anybody's taxes. Unfortunately, the reporters (and most of the public) do not realize how worthless this proposal is.