"In order to maintain the ability of worldwide American companies to compete against their foreign-based competition and in conformance with tax policies of our trading partners, the U.S. government defers collecting taxes on earnings of the foreign subsidiaries of worldwide American companies until those earnings are actually paid to the U.S. parent... All member countries in the Organization for Economic Cooperation and Development (OECD) and other developed nations that tax the worldwide earnings of their globally operating corporations permit some form of deferral." (Emphasis ours)

"We see a future where we invest in American innovation and American ingenuity; where we export more goods so we create more jobs here at home; where we make it easier to start a business or patent an invention; where we build a homegrown, clean energy industry -- because I don’t want to see new solar panels or electric cars or advanced batteries manufactured in Europe or Asia. I want to see them made right here in the U.S. of A by American workers." (Emphasis ours)

"WINCHESTER, VA. - The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month, marking a small, sad exit for a product and company that can trace their roots to Thomas Alva Edison's innovations in the 1870s. What made the plant here vulnerable is, in part, a 2007 energy conservation measure passed by Congress that set standards essentially banning ordinary incandescents by 2014. The law will force millions of American households to switch to more efficient bulbs. The resulting savings in energy and greenhouse-gas emissions are expected to be immense. But the move also had unintended consequences. Rather than setting off a boom in the U.S. manufacture of replacement lights, the leading replacement lights are compact fluorescents, or CFLs, which are made almost entirely overseas, mostly in China."

"The White House will propose to pay for the new spending by eliminating tax deductions for oil and gas companies..."

"It would be paid for by closing corporate tax breaks for multinational corporations and oil and gas companies."

"Last year, even as he struggled through the worst of the recession, Chris Upham said revenue at his District-based real estate and construction businesses doubled -- allowing him to hire two agents. But Upham said he hasn't increased his staff thus far in 2010 and he doesn't expect to for the remainder of the year. That's because his taxes rose sevenfold. And he said he anticipates they'll increase again if the Bush tax cuts for people earning $250,000 and above expire at the end of the year. As small businesses try to plot their recovery, attention is turning to what many owners consider burdensome policies -- higher taxes, new accounting procedures and health-care mandates. Even as the government tries to help with an array of small-business initiatives, many owners say the intervention is as much a hindrance to hiring as the faltering economy."

"The number of immigrants coming to the USA illegally since 2007 has plummeted — the first significant decline in two decades, according to a Pew Hispanic Center report out today.

"Tax the rich, feed the poor, 'til there are no rich no more."

"Tax reduction thus sets off a process that can bring gains for everyone, gains won by marshalling resources that would otherwise stand idle—workers without jobs and farm and factory capacity without markets. Yet many taxpayers seemed prepared to deny the nation the fruits of tax reduction because they question the financial soundness of reducing taxes when the federal budget is already in deficit. Let me make clear why, in today's economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarged the federal deficit—why reducing taxes is the best way open to us to increase revenues." (Emphasis mine)

"Under the realistic budget scenario, to keep the debt to GDP ratio stable over the next 25 years would require immediate and permanent tax increases or spending cuts of about 5 percent of GDP. That is a significant amount, equivalent to about one-fifth of all non-interest government spending this year."

"[T]here is no way to fix the nation’s fiscal crisis without higher taxes now and in the future — and cuts in entitlement programs down the road."

"But it's unclear whether corporate elites were so traumatized by the crisis that they've adopted a bunker mentality. That, as much as uncertainty over Obama administration policies, could be fearsome." (Emphasis mine)