If you live in IL, then you are getting bombarded with this story. The CEO of arguably the most important Corporation in Illinois basically told Gov Douche Bag that IL better change it's business unfriendly climate (the highest corporate tax in the world) or they are shipping out!!!
Of course Gov Douche Bag responses the typical arrogant way of dismissing the warning and then going to the media calling the CEO of Caterpillar (who no doubt has a large ego) a liar! Why the move takes place Quinn, no matter what you do at that point, they aren't coming back!
On the evening news yesterday, they had a very large list of C-Corps that already made the jump to other states. IN is the biggest receiptant the IL C-Corp exodus. Governor Daniels must send Governor Quinn a thank you letter for making his job easier! I know WS is getting a good share also, no doubt businesses feel more comfortable with Walker at the helm than the Quinn!
Of course Gov Douche Bag responses the typical arrogant way of dismissing the warning and then going to the media calling the CEO of Caterpillar (who no doubt has a large ego) a liar! Why the move takes place Quinn, no matter what you do at that point, they aren't coming back!
On the evening news yesterday, they had a very large list of C-Corps that already made the jump to other states. IN is the biggest receiptant the IL C-Corp exodus. Governor Daniels must send Governor Quinn a thank you letter for making his job easier! I know WS is getting a good share also, no doubt businesses feel more comfortable with Walker at the helm than the Quinn!
Caterpillar CEO's letter talks of leaving Illinois (Taxes too high)
Caterpillar CEO's letter talks of leaving Illinois (Taxes too high)
Pantagraph ^ | March 25, 2011 | By Kurt Erickson | Lee Springfield Bureau
Posted on Friday, March 25, 2011 1052 PM by Islander7
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.
Oberhelman didn't single out any specific problem with the state's policies in his one-page letter, but Dugan said the recent income tax increase -- signed into law by Quinn in January -- played a significant role in triggering the note.
The tax hike has led to attempts by other states, including Wisconsin, Indiana and New Jersey, to try and poach companies that don't want to stay in the Land of Lincoln.
