How about a simpler approach? American companies like GE are having record profits in their off shore operations. GE and all the others are keeping those profits over seas to avoid paying the taxes on bring that money home.
It has been proposed that a reduced rate be charged to incent these companies to bring the money back to the USA to invest in America.

As a result up to a trillion dollars is pent up in Europe alone.

And of course this would not be a good idea for Jeff Immelt at GE...as it could put GE in a position to pay taxes....remember GE paid less in taxes in 2010 than most of us did!!!!

Business as usual in Washington whether and R or a D is on the door.

btk