[George_1950]

"For example, in his address to the joint session of Congress last week, the President announced his intention to punish "corporations that ship our jobs overseas."

"The United States imposes the second highest business taxes of any industrialized nation in the world. While countries like Ireland tax corporations at 12.5%, and even our neighbor Canada is moving its national business tax rate to 15% (the lowest among the G-7 countries), the United States taxes businesses at a whopping 35%. And a number of states have corporate income taxes on top of that.

"Inevitably, high taxes in the U.S. cause some businesses to locate some or all of their business in lower tax countries overseas."
Exactly Wrong on the Economy
By Newt Gingrich, March 3, 2009

[George_1950]

Obama-beat getting new rhythm:
"Democratic Reps. Jim Matheson of Utah and Gabrielle Giffords of Arizona have joined a quiet revolt in the House that could slow some of President Obama's fast-moving priorities.

The two are among 49 Democrats from congressional districts that backed Republican Sen. John McCain 's 2008 presidential race and whose support for the Democratic majority's progressive agenda is increasingly not assured.

"A dozen of them were among 20 House Democrats who voted against the $410 billion discretionary fiscal 2009 spending package (HR 1105) on Feb. 25. Another group later forced House leaders to sideline a contentious bill (HR 1106) to allow bankruptcy judges to modify home loans."
CQ Politics | Democratic Revolt May Slow Obama Agenda