    RECORD TYPE: PRESIDENTIAL  (TRP NOTES MAIL)

    CREATOR: Ron Klain ( CN=Ron Klain/O=OVP [ OVP ] )

    CREATION DATE/TIME:23-MAY-1997 14:08:44.00

    SUBJECT:  LUNCH UPDATES

    TO: Albert Gore ( CN=Albert Gore/O=OVP [ OVP ] )
    READ:UNKNOWN

    CC: Heather M. Marabeti ( CN=Heather M. Marabeti/O=OVP [ OVP ] )
    READ:UNKNOWN

    TEXT:
    Two new items, from earlier today, that you might want to contemplate over

    lunch:

    1.  Internet V-Chip.  You may have seen that the President went public on

    this yesterday at the W. Virginia Town Hall.  You have a note in the lunch

    memo that updates him on the progress on this.  The bottom line is that we

    will be ready when CDA is struck down.

    2.  New Business Cap Gains.  In today's tax meeting, the President

    approved the inclusion of a modified version of the Bumpers bill in our

    tax package.  The plan will provide a very low (approx 10%) cap gains rate

    for investments in start-up businesses.  This will be a great selling

    point in the high tech and bio tech industries.  The President said to me,

    "Al ought to make a few well placed calls to let folks we are doing

    this."  We are arranging for such calls -- and you should express to the

    President your thanks for helping you get credit for this.  We are also

    working with Gene's staff to do a roll-out event where you could announce

    this, to get us support in the high tech/bio tech community more broadly.