mr. falk. >> i will build where mike took off. ultimately you want u.s. business to be competitive in the global market. you can say what happens if we do nothing and the rate continues to widen? we will always see rates continue to go down. that means american businesses are less competitive and we will see job loss over time. getting us back to the level playing field is critically important. from kimberly-clark's perspective, we do all our research in the u.s. as we grow overseas we do more r&d here. we bring back 350 million a year on intellectual properties owned in the u.s. so as our business grows shall we will do more r&d and have more support for that in the u.s. >> just to build on the r&d perspective, in 1990, the u.s. had the number one rr. r&d tax credit in the world. it was a model for many around the world. today it is effectively number 24 r&d tax credit around the world and this is an area where having the incentives to actually develop in the u.s. has a real impact on decisio

duke at wal-mart, tax credits are important to your company, and mr. falk, i suspect section 199 is important to your question, and to you, mr. lang, tax credits are important. are you willing to give those up for your companies as long as everything is given up? then we get to questions that i think senator stabenow touched on. if canada is giving such a great incentive to r and d, and we give a credit, will a lower rate make us competitive enough to off set that canadian incentive. i would like you all to tell me the degree to which you are willing to give up the things you use currently. mr. duke? >> mr. chairman, with the lower overall corporate tax rate that would be competitive in the global marble place, such as in the mid 20's, then we would be able to look at every aspect of those incentives we participate in, and we pleeg all should be on the table for discussion. >> so you are basically saying you would be willing to give it up as long as the corporate rate is mid 20's or something like that? >> yes, sir. if we are competitive against other marke

mr. falk, i suspect section 199 is important to your company. and mr. lang, clearly the tax credits are pretty important. so, i am asking are you willing to give each of those up for your company? as long as everything is given up? then we get to the question, if canada has given such a great incentive to research and development, if we give a tax credit, will a lower rate make u.s. semiconductor companies competitive so they can offset that canadian incentive? i would just like myou to tell me the degree and to what you are willing to give up? >> with the overall or corporate tax rate that would be competitive in the global marketplace such as in the mid 20's for example, we would be willing to look at every aspect of those incentives that we participate in. we believe that all should be on the table for discussion. >> you are willing to give it all up as long as your great -- the corporate rate is mid 20's or something like that? >> yes, sir. if we are competitive against another market we are competing in. >> we take advantage of the research and dev

mr. falk, in terms of basic structure to get our assets and debt, do you favor what the commission and the group of six have proposed? >> it makes sense to me. i echo mr. duke's comments. i once again it's taken us more than a generation to get to this point in time. so there are going to be a lot of things that have to be dealt with to correct our problems and get our fiscal house in order moving forward. >> i would agree with the comments made here. highlight those fiscally responsible apreach to addressing some of the major issues we have today. >> mr. merlo, i agree with the panelists. there's no question comprehensive reform will have to be thoughtful. it's got to have a lot of elements to consider. and just emphasize the point about predictibility and sernt i think is a key byproduct of the decisionmaking process. >> i appreciate that. let me go to a question on repatriation. because i have asked my staff to look into what happened in the last repatriation. here's what happened they repo

it depicts americans and jews as blood thirsty dogs and that is not the first time that mr. falk has spread such venom. he has compared the treatment as the holocaust and questioned the veer asity of the 9/11 attacks and continues to work for the human rights council with his expenses and staff paid by u.s. taxpayers. and has the u.n. high commissioner of human rights ever condemned falk and ask him to condemn his post. never. and i understand that he says now that his account was hacked into and he has taken that drawing down. but i say enough is enough. the administration should withdraw from the bias human rights council and congress should withhold funding from the council and other u.n. bodies that do not advance our national security interests and conditions u.s. contributions on real reforms. what a concept. and timely, madam speaker, instead of dealing directly with the muslim brootshood which seeks israel's destruction and condemn the killing of bin laden, the u.s. should deny all legitimacy to that group no matter what fake name or label it now uses as it tries to camof

. >> thank you, mr. falk. >> chairman, ranking member, others. we are a leading semiconductor innovator that move and store digital content. wheeler also a member of the semiconductor association and part of a tax reform working group. so i can offer a perspective. i would like to think the opportunity for presenting our views on how the tax code can provide job creation and sustain growth for our country. before summarizing my ideas for tax reform, i want to give the reasons why corporate tax reform is essential to the continued growth and leadership in this critical industry. first, semiconductors are essential for innovation in every aspect of our modern economy and national security. advanced communications, manufacturing, health care, information technology, as well as national defense and homeland security. we are a fundamental building block of the broader technology industry, which supports 6 million jobs. studies show that semiconductors and the information technologies the unable to represent 3% of the economy but drive 25% of economic