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 If you are a business here, entirely located in the US, and investing in the US, and hiring workers in the US, you are paying a 35 per cent rate. However, if you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the US, and that just doesn't seem entirely fair, 
— Barack Obama targeting outsourcers in the US / February 12, 2010
Related Quotes: Barack Obama
 These savings, large and small, add up, The 121 budget cuts we are announcing today will save taxpayers nearly $17 billion next year alone. That's a lot of money, even by Washington standards. 
— Barack Obama while announcing $17 billion in cuts / May 07, 2009
 It's a tax code that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York. 
— Barack Obama on loopholes in American corporate tax code. / May 04, 2009


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