stop subsidizing the creation of foreign jobs at the expense of the American tax payer

Business investment does create jobs, but it is creating more jobs overseas than in the USA because investors are increasingly looking to India, China and the Pacific rim as the most promising growth opportunites. The current tax code subsidizes foreign investments, Cease subsidizing foreign investments by treating all income from Foreign investments as ordinary (not investment) income and end the practice of deducting from income Foreign taxes paid. This will make investments in the USA more advantageous and since investment creates jobs it will result in more josbs for Americans.