“Ryan Ellis, tax policy director of the anti-tax group Americans for Tax Reform, argued that Obama’s efforts will hurt American business. “This will force companies to leave the country, and they’ll take their jobs and capital with them,” Ellis said.”
“Americans for Tax Reform called it a "job killing" tax increase, asserting that US corporate taxes are already the highest among industrial countries and that US companies face double taxation on their profits.”
“‘Obama’s proposal will shove jobs and capital out of America and into foreign countries,’ said Americans for Tax Reform, pointing out that U.S. companies already pay a higher corporate tax rate of 40 percent domestically than in many other countries, and that forcing them to pay this rate on profits they make internationally will drive operations out of the country.”