Will President Obama's proposal to end tax breaks on the foreign profits of American companies hurt their ability to compete overseas?

Posted on AllSides September 28th, 2012
From The Left
OPINION

Big corporations want to have their cake and eat it too. They want the security and infrastructure of doing business in the United States, but they want someone else to pay for it. Now theyre crying crocodile tears because President Obama wants to close tax-loop holes and off-shore shelters that have allowed them to escape paying their fair share.

Businesses complain that our corporate income tax rate is higher than other nations rates, but that assumes corporations actually pay the taxes. In truth, there are more holes in the U.S....

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