The Campaign Spot

Less an Expiration Date Than Ignoring the Consequences of Policy Changes

Barack Obama, on the campaign trail last year: “That’s why I’m going to stop giving tax breaks to companies that ship jobs overseas, and start rebuilding the middle class by helping companies create jobs here.”

Yet here we are, and things are turning out differently:

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.”

UPDATE: Reader Frank notes, “Out of the $2,973,322 in contributions Microsoft made, $2,124,186 went to the Democrats, while only $844,586 was given to the Republicans. This comes out to about 71.4 percent and 28.4 percent, respectively.”

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