Steve Ballmer, Microsoft's CEO, has spoken out about how he feels that higher taxes will have consequences that he believes Washington have yet to consider. Ballmer says that if Congress enacts President Obama's plans to impose higher corporate taxes, a sensible thing for Microsoft and other multi-nationals to do would be to move jobs offshore.

"It makes U.S. jobs more expensive," Ballmer said, according to Bloomberg News. "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."

Last month, the president announced a plan to rewrite tax law by preventing U.S.-based multinational companies from "deferring" and keeping profits offshore, which can lower their tax bills.

Business groups have opposed the president's plan strongly, and the U.S. Chamber of Commerce says it will "impede growth in the U.S. economy, (and) cause the loss of jobs." The National Foreign Trade Council called it "counterproductive."

Microsoft employs about 95,000 people worldwide, and about 56,500 in the United States.