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.
Oberhelman also sent along correspondence Cat has received from other states.
"I stand ready to help convince you to relocate or expand in the fiscally conservative, low-tax Lone Star State," wrote Texas Gov. Rick Perry in a Jan. 24 letter.
The rent...
is too damn high!
Oh no. /s
the funny part is the majority of their sales take place internationaly as US construction has plummeted by 48% on average
The Land of Lincoln is slowly shrinkin’.
Illinois must be a miserable, pathetic place to do business if New Jersey is seen as a viable alternative.
come to Florida!
I wonder what Guv Brown from California has offered?
Cat has already opened a couple of plants in TX.
Might as well move the whole kit & kaboodle down here.
I guess Obama is going to print more money so the Government can take over CAT and mold it into a company that no one wants to buy a product from.
Cheers!
Wow! If Cat ends up leaving Peoria, that would be really earth-shaking for Illinois and should be a huge wake-up call for Springfield. Should.
What a stupid bunch of ASSes Boeing heads were for moving there.
Oberhelman said he's being actively courted to move.By four states pimping out their own citizens who will get stuck paying for goodies given to Cat.
No surprises here. For me, the only surprise is that more businesses haven’t announced they are leaving states like Illinois, New York and Kalifornia - states apparently run by Karl Marx and his brothers Harpo, Zeppo and Groucho.
Watch out for EXEMPTION type arrangement “Sebelius style.”
“including Wisconsin, Indiana and New Jersey”
Snort, snort, snicker, snicker, bwahahahahahahaha.
I wish this will be terrible only for the state of Illinois. Imagine how disastrous this would be to the city of Peoria, what that would do to their already depressed real estate prices, etc.
Quinn is THE worst governor of the entire union. He is OWNED by the state worker union. Even before he got elected to his first complete term (he was finishing the term of the other ethically challenged Democrat Governor Blogayovich), he RAISED the salary of the state union employees by 14%, and at the same time proposed the 50% tax increase. One of the state reps ran for election on the platform that she would vote against the income tax increase. She lost her re-election bid. During the lame-duck session, the tax increase was introduced, and the same state rep voted for it! And what do you know, she was offered and was about to start at a new position working for Quinn! The outcry for such an obvious quid-pro-quo corrupt deal, that she changed her mind about taking the job.
Even AFTER knowing about the upcoming tax increase, Illinois voted Quinn. Even though I live in Illinois, and my property’s equity has been going down the drain, if Illinois gets clobbered financially because of the tax increase, it would be a good lesson to the parasites who voted for that corrupt a-hole.
I work there every day, in East Peoria. Building tractors.
This article is, of course, worrying. And entirely predictable.
Caterpillar is already building a new plant in Southern Indiana and it's no secret (here anyways..) that Indiana is courting CAT to move out of Illinois.
Pity, CAT's a good employer, their moving out of Illinois is going to decimate one of Illinois' finer small towns, Peoria. I've been there the last few years, it really is a nice town.
>>”I stand ready to help convince you to relocate or expand in the fiscally conservative, low-tax Lone Star State,” wrote Texas Gov. Rick Perry in a Jan. 24 letter.<<
I am headed there this year. From “more people in the cart than pulling it” California.
I will miss the state of my birth but these people are nucking futz.
Doug, Barney Fife down here in Mayberry, North Carolina....Yeah, Mayberry. We understand, Doug, that you're not happy with them tax rates in Illinoise. Listen, Doug, we want you to know that we got Illinoise beat, yeah, by a country mile. We got over 7%, compared to your stinkin' 5% up there. So me and the sheriff here wanted you to come down, set a spell, and try life away from the big city. How's that sound, Doug?