It's fundamentally unfair to have so much of the tax relief go to so few. And it is a 10-year tax plan rather than one, as mine, focused on the next two years, which in my opinion is the critical time to jumpstart the economy.
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Today 80 percent of all the oil that comes out of the Gulf is from 1,000 feet or more and today almost a third of it is more than 5,000 feet below the surface. What hasn't happened is the safety and the ability to respond to a negative event such as this blowout, has been far outrun by the technology of drilling itself. We need to close that gap.