|
-
#1 Caterpillar Threatens to Leave Ill. Over High Taxes...
- Join Date
- Aug 2005
- Posts
- 22,891
03-25-2011, 09:12 PM
Caterpillar CEO's letter talks of leaving Illinois
SPRINGFIELD -- The chairman and CEO of Peoria-based Caterpillar Inc. is raising the specter of moving the heavy equipment maker out of Illinois.
In a letter sent March 21 to Gov. Pat Quinn, Caterpillar chief executive officer Doug Oberhelman said officials in at least four other states have approached the company about relocating since Illinois raised its income tax in January.
"I want to stay here. But as the leader of this business, I have to do what's right for Caterpillar when making decisions about where to invest," Oberhelman wrote in the letter obtained Friday by the Lee Enterprises Springfield bureau. "The direction that this state is headed in is not favorable to business and I'd like to work with you to change that."
Oberhelman said he's being actively courted to move.
"I have been called, 'cornered' in meetings and 'wined and dined' -- the heat is on," Oberhelman wrote. "Before, I never really considered living anywhere else and certainly never considered the possibility of Caterpillar relocating. But I have to admit, the policymakers in Springfield seem to make it harder by the day."
Cat spokesman Jim Dugan said the letter was designed to show Quinn that Oberhelman wants to be involved in finding solutions that benefit the company, which employs 23,000 people in Illinois.
http://www.pantagraph.com/news/local...cc4c002e0.html
-
- Join Date
- Mar 2010
- Posts
- 3,269
03-25-2011, 09:26 PM
3M has a company policy of no more expansion in Minneapolis for that same reason. They expand in Texas.
-
-
03-25-2011, 09:49 PM
When the hell will the left wake up and realize they're SHRINKING their tax base and cutting their tax income by raising taxes. AND when businesses go - not only do they lose the taxes they would have gotten from the business - but they also lose the taxes they would have gotten from the employees and from the associated businesses and their employees.
Stand up for what is right, even if you have to stand alone.
-
-
- Join Date
- May 2008
- Location
- Locked in a Dungeon, being tortured and LOVING IT!
- Posts
- 8,164
03-25-2011, 10:02 PM
This will be an almost deathblow to some towns in Illinois.
Cat employs almost 94000 company wide, and is headquartered in Ill. If they leave that is a lot of jobs, and $ following them. With them follows suppliers, truckers, and so forth. This has got to have gotten the attention of the Gov there now that his high taxes is driving business out of the state.
If they leave, I hope they jump the river and move into Bettindorf Iowa. That would be an economic boom for Iowa and a sore to Ill having them move just across the river away from them.Klaatu barada nikto
-
-
03-25-2011, 10:13 PM
Woe to those who call evil good, and good evil;
Who substitute darkness for light and light for darkness;
Who substitute bitter for sweet and sweet for bitter!
21 Woe to those who are wise in their own eyes
And clever in their own sight! Isaiah 5:20-21 NASB
-
-
03-25-2011, 10:25 PM
Woe to those who call evil good, and good evil;
Who substitute darkness for light and light for darkness;
Who substitute bitter for sweet and sweet for bitter!
21 Woe to those who are wise in their own eyes
And clever in their own sight! Isaiah 5:20-21 NASB
« Previous Thread | Next Thread » |
Boy Hit, Killed by Vehicle During...
Yesterday, 11:53 PM in General Discussion