>> to get reform done, republicans and democrats need to give something up. corporate tax revenues, the share of gdp is historically low. you can see companies like apple under our current tax system. they pay u.s. tax rates on the profits they earn overseas. apple keeps something like $100 billion in cash offshore. you say we need a territorial tax system. explain in layman's terms for our audience, how would that work? >> what we need is a system which is more similar to the systems of the other advanced industrial countries that are homes to companies that compete with our companies. what is the rest of the world doing? they are basically saying to a company, look, if you earn income outside of your head quarter country, because you are running real economic activity there, you are basically selling into that market, that's how you compete around the world, anyone