President Barack Obama's new tax plan is drawing fire from corporations who operate overseas.
Obama's new plan will cut tax exemptions of corporations operating overseas -- companies that also must pay taxes in the countries where they are located.
The plan seems aimed at discouraging businesses from shipping their manufacturing, call center and other operations overseas where costs are cheaper.
High-tech companies -- many having supported Obama during his campaign -- have been outsourcing increasingly abroad and are particularly distressed by the proposal.
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