New corporate tax regulations proposed by President Obama could redirect more federal income tax money to education--and especially to programs such as Title I. Nonetheless, the president's proposal generally is unpopular with companies that conduct business overseas and benefit from looser tax regulations in other countries.

Obama's plan to impose U.S. taxes on corporate America's overseas profits also threatens to open a large crater in the financial statements of several technology companies that sell equipment and services to schools.

Additional taxes are rarely popular, but Obama's plan is a particularly prickly subject for technology executives, because the industry has been steadily boosting...

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