President Obama's Deferral Proposal: Hamstringing American Companies, Reducing American Jobs

Obama is a Communist. That's why he is trying to control all corporations.

Great Video. We either learn it now, or learn it later...

It is true that the United States has a higher corporate tax rate than European nations. But Europeans pay significantly higher PERSONAL taxes.

Comparative advantage, not competitive advantage.

This guy claims double taxation and then admits that foreign taxes are a tax credit. Huh? Then he claims the REAL problem is high corporate tax rates in the U.S.! Duh. He is, to say the least, disingenuous with his double speak. It has nothing to do with "deferral."  Shame on him.

You should watch again. He says that even the Congress realizes that double taxation is bad so they allow tax credits. He was just explaining what the worldwide taxation means.

And it does have to do with deferral because companies now can defer some taxes making their effective tax rate that year lower. Obama's plan is that companies pay all the taxes now.

They wouldn't owe that money at all if the US didn't tax overseas profits. But it's better to pay later than now since they do.

Foreign nations decrease their tax rates, & we (U.S.) increase ours! So dumb & so much for maintaining a competitive advantage. We need leaders willing to benchmark foreign nations for best practices in taxation, such as Ireland for example. Cheers!