American Thinker: The 'Move Your Corporate Headquarters Offshore' Act

American Thinker: The 'Move Your Corporate Headquarters Offshore' Act:

In his weekly radio address on Saturday, President Obama said, 'There is no reason why our tax code should actively reward [American corporations] for creating jobs overseas. Instead, we should be using our tax dollars to reward companies that create jobs and businesses within our borders.'

He was promoting a bill with a good title, the Creating American Jobs and Ending Offshoring Act. But a more accurate name would be the Move Your Corporate Headquarters Offshore Act, since its main effect would be to cause corporate headquarters to leave the United States."