High rate's = little return

Obama’s new tax proposal on corporate tax suggests taxing all income on American corporations regardless if they repudiate income back to The U.S. This is intended to ensure that foreign income in U.S. Corporations is taxed back to the federal government. Instead to get around this new tax American companies with foreign operations will reform their business to foreign companies with American operations. Obama’s attempt to make it possible to repudiate income on foreign American corporations in reality is making it impossible.
Under these new proposals American business are incentivized by cheaper more competitive rates in foreign nations to leave the U.S. market place. The global market place has become too dynamic and competitive to expect corporations to operate under these tax policies. What needs to be done to correct problems with foreign business, is to allow for domestic corporations to compete in the global market. This can only be done by cutting the high corporate tax, giving corporations a chance to earn profit in the global market. Higher profits will generate more capital gains, which in return will return generates more tax revenue for the fed. America’s Corporations in today’s global economy will get around repudiating profits by reorganizing business structures to disassociate themselves from America’s tax system. We need to stop pushing away corporate tax revenue with uncompetitive tax rates. Lowering the corporate tax will generate more revenue through businesses that are willing to return taxes on income back to the U.S.