President Obama spoke at the Chamber of Commerce Monday as part of his campaign to reach out to corporate America. The Chamber spent more than $50 million during last year’s midterm campaign, much of it on television ads aimed at electing Republicans. President Obama called on American companies to start hiring again as he outlined a series of initiatives to help the business community.

President Obama: “Which brings me to the final responsibility of government: breaking down some of the barriers that stand in the way of your success. As far as exports are concerned, that means seeking new opportunities and opening new markets for your goods. … Now, another barrier government can remove — and I hear a lot about this from many of you — is a burdensome corporate tax code with one of the highest rates in the world. …Which brings me to the last barriers we’re trying to remove, and those are outdated and unnecessary regulations. I’ve ordered a government-wide review, and if there are rules on the books that are needlessly stifling job creation and economic growth, we will fix them.”