Obama's tax proposal would net $210 billion in additional tax collections over the next decade, good for the government but bad for the corporations? How will American companies compete with their European and Japanese counterparts?

Japan is going bankcorrupted too. no worry there as far as competition.
But the socialist Tax increase is quite insulting as an american

Our government needs less money, not more. Sadly they get to write the laws. If governments were children we'd say, "Quit wasting all your money on crap and maybe I'll increase your allowance."

easy!... start making better products ... some of the crap that has come out of U.S. companies in the last decade is a joke ... no wonder people are looking at overseas products. Also the poor companies would get along fine if they stopped paying CEO's and top Exs 100 times what they pay their workers plus bonuses

Since just about everyone has their goods made in China anymore the so called tax hike will have little overall affect on any "American Branded" products.

maybe they will have to cut executive incomes below 7-8 figures... nah... they will just minimize their unnecessary expences like grunt level employee salaries.

oh and jsut for a perspective on how devestating 210 billion is... americans will spend 50% more than that on pizza alone over the next decade.

To go along what tapricectr said, where exactly is obama getting that 210 billion? That money, in a large part, goes toward public aide programs. since some 20% of the USA is on public aide (thanks illegal Mexicans. Yes, illegals get aide, too). My taxes have already gone up because of my income bracket. Thanks obama. I spent years getting where I am and lost things you will never lose, and now I have even less to show for it?

Woo...Change...woo.....

The government should place a tariff on imported goods.