You've been very articulate throughout the hearing process on this point.
For the most part, capital property gets held as long as it can be held and it doesn't come into the tax system. Often a donation will trigger a tax expenditure when the alternative was that it would be continued to be held and held and held. So it's being brought into the system for public good, so is that a real tax expenditure?
With public securities working with donors I would say probably about 50% are expenditures that are going to happen anyway because they're rolling taxes, they're offsetting, there may be an M&A or something like that.