when bite and alison deans, chief investment officer at crt capital. thank you both for being here. the president made his feelings about corporate tax inversion pretty well known. take a loon -- take a listen to what he has to say. >> if you're doing business and you're an american company and you're changing your mailing address to avoid paying taxes, then you are really not doing right by the country and by the american people. >> what do you think, ben? >> inc. i think this is a pretty cynical political approximateli. this is inversion where companies nominally move overseas to lower their tax burden. the white house put no weight behind any of those proposals and he comes out with this proposal which all it would do is essentially disadvantage u.s. companies who already pay the highest global corporate tax rate already face u.s. tax rates on their overseas income and they do it basically because congress and the white house have not been able to do broad tax reform. you do it in a one-off and add to an already 70,000 page u.s. corporate tax code, a complete mess and they'll fin