jim heins is a university of michigan economics and law professor, trained in economics and teaching law which tells you a lot about law schools these days but jim is the director of the itpf research institute and i think along with myer, wrote the first analysis of corporate inversions at least the first one that i remember reading. ed is now a professor at the university of seasoningouthern california. he was a practitioner in new york for in years and chief of staff of the joint committee on taxations. so we have an experienced and knowledgeable group and i am the referee. michael, you're up. >> okay. thank you. thanks for inviting me. i got five minutes, i beliefvebelieve. what i thought i'd do is address broad questions. my fellow panelists now far more about the u.s. tax code so i will leave them to trade section numbers with each other and deal with the big questions, i think. i just wanted to make a few very broad points to start off with. we will talk about policy and policy recommendations. we often get disagreements between people and often the disagreements stem from what