zero heartbur ♪ melissa: a startling report in the "wall street journal" shows 16 u.s.ompanies $166 billion overseas, 60 companies, and they are allowed to do it but it amounts to half of those companies profits and they are saving billions of taxes. the government is missing out on billions of tax revenue. a fraction of that money could cover all this years sequestered cuts for example. joing me now. this is one of those things that has washington looking and salivating. they would love to get their hands on that tax revenue. if it came back they be tax-free, to stimulate the economy, people would spend it, there may be hiring. what are the odds it would ever come back, what would have to happen to the tax laws? >> we tried that nine years ago, congress lawyer 2004, almost tax-free, 5% on tax and what subsequent studies fnd was a didn'itdidn't generate a lot of, didn't generate a lot of business in the u.s. companies mostly used it to buy shares back and pay out vidends. it is an enticing idea and maybe would work next time but didn't work the last time. melissa: are s