Peter Roskam: “Thank you very much. You have given us great insight and very valuable perspectives.”

If we don't break open new markets through trade agreements... we will be left behind.

That is right. So, to the gentleman's point, a deduction is a decrease in a taxable liability; a credit is a credit. Once the tax is calculated, the credit is an amount that comes off of that tax liability, so it is a very significant…

Congress wants strong protections for intellectual property.

We have led the world in commerce and trade for the last century.