Again, that was an insane bill that was passed in 2000.

Congress does, what it always does, I mean they will throw more money at the problem.

If we would transition to cash-based income, it would simply be a timing difference.

My whole point--any of the three witnesses think that the U.S. tax system is simple and rational?

What would we potentially accomplish, for example, just moving to cash-based income?

If we would transition to cash-based income, it would simply be a timing difference.

My whole point--any of the three witnesses think that the U.S. tax system is simple and rational?

I'd love to hold a hearing on how do we simplify and rationalize our Tax Code.

the fact that we don't tax worldwide income that sets up the whole complex issue of transfer payments.

I'd love to hold a hearing on how do we simplify and rationalize our Tax Code.

What would we potentially accomplish, for example, just moving to cash-based income?