Obama Says Tax Breaks Shouldn’t Reward Creating Jobs Overseas

President Barack Obama said the U.S. tax code shouldn’t benefit companies that create jobs in other countries, as he criticized Republicans for “rewarding corporations that create jobs and profits overseas.”

“For years, our tax code has actually given billions of dollars in tax breaks that encourage companies to create jobs and profits in other countries,” Obama said in his weekly address on the radio and Internet. “We should be using our tax dollars to reward companies that create jobs and businesses within our borders.”