Microsoft Will Move Jobs Offshore if Obama Gets His New Tax

Businesses are not stupid. If you jack up their taxes they will find a way to avoid them:

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.”

This is the part the Democrats never figure into their calculations when they propose a new tax.