tax holiday.
joining us now, gary cohn,
national economic council
director.
so welcome back to the show.
always good to see you, gary.
>> great to be here, stuart,
thanks for having me.
stuart: have i got it right, tax
holiday, one-time low tax rate
just on money already overseas?
what kind of tax rate are we
talking about?
>> stuart, you just played the
clip from the president's speech
in harrisburg yesterday where we
delivered that.
look, where we transition from a
worldwide system to territorial
system we have to catch up for
the money that hasn't been
brought back.
so what the president was
talking about last night, which
is something very important, a
catch-up for money still
offshore.
so the president is going to
force companies to bring that
money back to the united states
so it can be spent and invested
in the united states.
that is very important to our
tax plan.
stuart: absolutely it is.
because you're talking about a
very short window, and a very,
very low tax rate.
what...