This is Valerie Chambers and I'm going to talk about the Qualified Domestic Production Activities Deduction. This is going to be a very short topic, so I think we will both like it quite a bit. I think this deduction was a bit complicated. What it tried to do was encourage companies to manufacture in the United States. Prior to the Tax Cuts and Jobs Act changes of 2017, for years 2072, companies could take a nine percent deduction of their taxable income for their qualified production activities in the United States, subject to certain limits. The big limit was the deduction of nine percent of taxable income, so you would only be paying tax on one percent of your income, not nine percent or 100 percent of your income. The deduction was limited to 50 percent of the W-2 wages paid during the calendar year. It was a way to ensure that if your production was in the United States, your tax rate was only 91 percent of 35 percent because of this deduction. Companies that had a lot of overseas production had their deduction limited, and companies that were capital-intensive and had low W-2 wages also had their deduction limited. However, all of this complication goes away beginning in 2018 because the entire section 199 was repealed. Now there is a new code section 199a, but we cover that in an entirely different video, and it is unrelated to this topic. It just works in a similar mathematical way. Thank you.