No...Your mortgage interest is a tax deduction that benefits you & your country. Paying pennies on the dollar in the Cayman Islands helps no one but the corporations, & those saving are not passed on as lower prices to U.S. consumers. It's a loophole, which is just a polite euphemism for scam. It hurts our country both in lost taxes & in lost jobs.
These american companies that operate overseas did what any intelligent business person would do. They figured out they can make products cheaper and sell more if they make them overseas so thats what they did. Now in return you can buy that product for less money thus benefiting you.
The only person obama is looking out for is himself and govt in this big lie of closing tax hole loops. The only person to benefit from higher taxes on corporations is obama and the govt. You will never see any of those tax dollars that they steal from these businesses. If you like lying to yourself go ahead but i wont be that stupid to believe that if obama taxes a big company that ill reap the benefits of that.
so yes having our companies head over seas greatly benefits every single american there is because they have to pay less when they go to the store for that product or service.