I'd like to say I'm shocked, but, frankly, I'm not.
The Obama Administration has deferred, at best, its campaign pledge to close a major tax loophole that had encouraged US firms to move jobs overseas since they would be able to defer taxes on their profits by doing so:
http://www.mercurynews.com/...
or
http://online.wsj.com/...
or
http://wonkroom.thinkprogress.org/...
In true Emanuellian style, the claim is the cost of the taxes would be borne by further US job losses. Yes, a second-order, indirect effect trumps the first-order, direct effect.
It's business as usual for the powers-that-be.
Since so many in here equate words with actions, I'll reword this to take the WH seriously here, namely that they will perhaps push for closing this loophole, a major and unambiguous campaign promise, in the future.
Let's keep score: Obama can't raise taxes on corporations during a recession, at least so far. Obama would support healthcare reform that does not tax the wealthiest Americans to help pay for it. But Obama would support healthcare reform that taxes middle-class Americans to help pay for it.
Check.