we will continue to talk to ralph schlosstein in just a few moments.s is bloomberg. ♪ julie: we are back with president and ceo ralph schlosstein. talk tax reform. we think it is a rough draw. ralph: i think it is inevitable willthe first foray here be modified and i think any legislature will tell you when they put forward a first bill, there are things they feel passionately about and then there are things that they have done for one reason or another, and sometimes put in there to trade away to broaden the support for a piece of legislation. i think in a broad sense we will see something not dissimilar from what was put forward but there are obviously going to the some changes. julie: let's say the corporate rate tax cut stays it and we are looking at 20%. what does that look like for your business and clients his business --clients businesses as well? ralph: number one is lowering which i think is unquestionably makes the united states a more competitive whichs place to locate businesses. you had a company today that announced with the president th