there is nothing wrong with any taxpayer trying to comply with the tax code and trying to lower their tax burden, correct?

I would like to scrap the current tax code. I would like to just raise the revenue we need and stop economic and social engineering through the tax code.

My experience with the IRS is they are pretty detailed, and they ask a lot of pretty good questions.

Let us say we were able to pass a law here and capture a bigger share of Caterpillar's income.

Thank you, Mr. Chairman.

You had a whistleblower say that you did not report $2 billion worth of income tax to the United States.

We should be giving an award to an American business that creates 52,000 jobs.

Are you specifically aware of any maybe large contracts you have lost and potentially believe that it was because of our uncompetitive tax system?

So you did not stuff any kind of tax savings in a mattress or a pillow case. I mean, you actually put that to use----

Would you say what happened to Arthur Andersen, which no longer exists because of the Enron scandal, is that something that in general disciplines the accounting profession?

Can you talk a little bit about tax avoidance versus tax evasion?

If we can facilitate cybersecurity versus dictate it, I think this will work.

I really think businesses want to protect their cyber assets and actually look to government, acknowledging the fact that the government has an awful lot to offer.

But, again, businesses have to feel comfortable to share that information. Isn't liability protection a big problem in terms of businesses not being willing to share that?

I would urge you to take this approach which was endorsed with strong bipartisan support in both the Senate and House.

I know we can work together, and I plan to get that done with your help. We need your help.

The devil will be in the details on that one.

Right now it seems to me like we are erring on the side of limited liability protection or no liability protection.

By not providing broader liability protection, we are putting our cyber assets at risk.

A pretty prevalent attitude in that room was that businesses, the private sector, needs to be forced into protecting their cyber assets.

I think they sensed our appreciation.

So if electricity rates were necessarily to skyrocket, that would put a real--that would really hamper manufacturers' ability to be competitive in the world.

I come from a manufacturing background.

I want to make sure that is a top priority, to take a look at that.

I agree with Ms. Harbert. I think the science is far from settled.