But what if a business manager felt that was too onerous and couldn't they just divest themselves of those companies?

But, generally, if you are manufacturing in Texas, even though you might have produced a product in New York, you are probably going to be taxed--well, Texas may be wrong. Let us say Wisconsin.

So even the top 50 percent is widely dispersed, and those are large funds that also have a very diverse shareholder base in those funds.

And they are looking at all this corporate structure, they are looking at all the transfer prices, and they are basically giving you the nod, saying that you are following tax law.

I would point out--I think this is true--that if we ever do tax reform, if we ever do incentivize companies to start bringing some of that money back home...

So that is getting close to about $2 billion in total.

I think most economists would tell you that if you develop the technology in the United States then the United States would expect to get the lion's share or substantially all of the income with respect to that technology.

But I think Congress needs to face up to the issue and make some tough policy calls.

I was kind of surprised at the implementation rate--12 percent implemented, 66 percent partially implemented--but I am not really seeing the dollar savings.

So, Mr. Chairman, I think the way we need to do this is we need to pass a budget with those recommendations attached and remove the dollars that those recommendations say we can save, and I think that is how you get the thing done.

I believe Senator Coburn--I do not want to speak for him, but I think he estimates the total dollar cost of those duplicated programs is somewhere approaching $300 billion per year.