Mike Johnson actually said...

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

Experience in Europe, including in the last days and weeks, tells you that countries that previously thought that they had an impeccable cre...

We shouldn't do it. I hope we don't do it. It would be very bad for the economy.

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