that this level doesn't give them quite enough granularity. paul: all right. let's turn to the tax bill. looks like the president says that the corporate tax rate increase that he has wanted may be dead because of democratic and republican opposition. the global tax treaty, which i know you follow closely, a global minimum tax that treasury secretary yellen is working on, that's still part of the mix. and the secretary has said she wants to put that into the reconciliation bill. but is that the way to handle a tax treaty? >> so this is very problematic at multiple levels, paul. you know, the administration has implicitly admitted that this global tax the that they want to impose on american multi-nationals puts us at a competitive disadvantage if, at a minimum, the rest of the world doesn't follow suit. well, the rest of the world hasn't followed suit yet, they want to go ahead with it, but it