That great sucking sound you here is money (and jobs) headed overseas.
"'The bill is truly amazing,' said Michael J. McIntyre, a tax law professor at Wayne State University and an expert on international corporate tax issues. 'We had an incentive for exports that was illegal and had to be repealed. Now Congress takes the money saved by the repeal and uses it to reduce taxes on the income earned by U.S. companies in foreign countries, thereby making foreign investment more attractive than U.S. investment.'"