I think there is lost revenue because if, in fact, a mutual fund is going to invest in a company that does commodity trading and does not do it in a tax-sheltered location, they are going to pay taxes on that, trading profits before they share with the stockholders of the fund.
Coburn argues that mutual funds investing in certain companies incur tax losses.
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Jeh Johnson has proven to be a capable leader, a transparent partner with Congress, and committed to making tough decisions and improving the Department.
Just to talk a little bit about your work at Commerce, my perception is that our biggest problem with contracting is that we really do not know what we want when we go to contract for it.
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