{"id":880,"date":"2009-06-04T15:31:58","date_gmt":"2009-06-04T15:31:58","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=880"},"modified":"2009-06-04T15:31:58","modified_gmt":"2009-06-04T15:31:58","slug":"actions_have_consequences","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=880","title":{"rendered":"Actions Have Consequences"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aAKluP7yIwJY\">Bloomberg.com<\/a>&nbsp;reported yesterday that <a href=\"http:\/\/www.bloomberg.com\/apps\/quote?ticker=MSFT%3AUS\" t_delay=\"50\" t_width=\"110\" t_bgcolor=\"#ddedd9\" t_fontface=\"Verdana,sans-serif\" t_fontcolor=\"#000000\" t_static=\"true\" t_above=\"true\">Microsoft Corp.<\/a> Chief Executive Officer Steven Ballmer said that if President Obama&#8217;s tax plan to impose higher taxes on U. S. companies overseas profits goes through Congress, Microsoft would move some employees offshore.&nbsp; The idea of President Obama&#8217;s plan is to increase corporate revenue into the U. S. Treasury by changing the tax policies on U. S. business operating overseas.&nbsp; There are, however, a few things that need to be considered.&nbsp; Businesses are in business to make a profit.&nbsp; If taxes on a business are increased, the business will either find a way to avoid those taxes or they will pass the cost of those tax increases on to the consumer.<\/p>\n<p>There are two possible end results on changes to the tax laws concerning companies doing business overseas.&nbsp; The first is that U. S. companies such as Microsoft will move jobs out of this country into other countries.&nbsp; The second is that the companies affected by the changes in the tax code will simply charge more for their products, causing a possible reduction in sales.&nbsp; Both actions result in less, not more, money coming into the treasury.&nbsp; I think the Obama Administration needs to rethink this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg.com&nbsp;reported yesterday that Microsoft Corp. Chief Executive Officer Steven Ballmer said that if President Obama&#8217;s tax plan to impose higher taxes on U. S. companies overseas profits goes through Congress, Microsoft would move some employees offshore.&nbsp; The idea of President &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=880\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-880","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=880"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/880\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}