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Tue Nov 20, 2012, 11:46 AM

 

Microsoft CEO to Obama: Drop Tax Break Cuts or We'll Send Jobs Overseas [View all]

Microsoft isn't happy about a new tax on companies foreign profits

Jason Mick
Daily Tech

It takes an incredibly powerful company to threaten the U.S. government in hopes of impacting a significant decision, but that's precisely what Microsoft is doing. Microsoft CEO Steve Ballmer made headlines when he publicly attacked President Barack Obama's plan to cut tax breaks on U.S. companies' foreign profits, a plan which is currently awaiting Congressional approval.

Mr. Ballmer suggests that if the tax succeeds, Microsoft may begin a significant move out of the U.S., taking with it tax revenue and jobs. He states, "It makes U.S. jobs more expensive. 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."

The plan, proposed by President Obama on May 4, seeks to help raise tax revenue and balance the budget by rolling back $190B USD in tax breaks for offshore companies over the next decade

http://www.dailytech.com/Microsoft%20CEO%20to%20Obama%20Drop%20Tax%20Break%20Cuts%20or%20Well%20Send%20Jobs%20Overseas/article15329.htm

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Reply Microsoft CEO to Obama: Drop Tax Break Cuts or We'll Send Jobs Overseas [View all]
DaniDubois Nov 2012 OP
LynneSin Nov 2012 #1
randome Nov 2012 #3
Blue_Tires Nov 2012 #19
ProudProgressiveNow Nov 2012 #54
donnasgirl Nov 2012 #51
OneGrassRoot Nov 2012 #4
Igel Nov 2012 #23
OneGrassRoot Nov 2012 #26
AnnieK401 Nov 2012 #61
dixiegrrrrl Nov 2012 #33
lbrtbell Nov 2012 #64
Maraya1969 Nov 2012 #34
Maraya1969 Nov 2012 #35
retread Nov 2012 #40
adieu Nov 2012 #46
jerseyjack Nov 2012 #48
GeorgeGist Nov 2012 #2
sammytko Nov 2012 #12
DaniDubois Nov 2012 #18
denverbill Nov 2012 #52
elleng Nov 2012 #63
Flipper999 Nov 2012 #5
DaniDubois Nov 2012 #21
louis-t Nov 2012 #6
onehandle Nov 2012 #7
B Calm Nov 2012 #8
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BlueCaliDem Nov 2012 #31
WinkyDink Nov 2012 #16
BlueCaliDem Nov 2012 #17
DaniDubois Nov 2012 #27
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SoCalDem Nov 2012 #20
demwing Nov 2012 #22
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Initech Nov 2012 #28
HopeHoops Nov 2012 #29
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WCGreen Nov 2012 #68