Microsoft: Obama Tax Hikes Will Cost US Jobs

Conn Carroll / June 04, 2009

Bloomber reports:

Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.

“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”

When Obama first unveiled his new tax plan last month, Heritage fellows JD Foster and Curits Dubay wrote: (more…)