Mike Johnson actually said...

It makes no sense to have a tax code that encourages that leverage, at the same time as we try and pull it back rather ineffectively with re...

My advice, sir, would be simple, the same advice as Christine Legarde, the new director of the IMF, has given to the United States, which is...

But if I could just add, the tax on excessive leverage is where European Union is heading, including the UK.

That is a systemic risk. That is pollution. That is a negative externality you should be taxing on.