Caterpillar Thinks About Leaving Illinois Due to Income Tax Hike


Who says raising the income tax equals more revenue?

Catepillar is contempalting leaving Illinois due to the recent increase in income tax. As reported at Pantagraph, Catepillar is being courted by at least 4 states for relocation. Illinois is just too expensive to conduct business in these days. States like Texas, South Dakota and Nebraska are actively eying Caterpillar.

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.”

Not only did they have to deal with this Democrat tax increase, CAT also has to absorb the effects of Obamacare and the $100 million it would cost them in one quarter.

If you liked this post, you may also like these:

  • Escape From New York: In Past Decade, 1.3 Million Net Loss of Residents
  • 35 Year Old Illinois Father Faiz Ikramulla Arrested & Charged With Kidnapping After Leaving 3 Year Old In Trash Can
  • Middle Class Income Rising, Back To Where It Was In 2000
  • 34 Year Old Darcey Cottrell Missing Since 6/1/16 in Danville, Illinois (Update: Found Safe)
  • Illinois Governor Election 2010: Republican Brady 45%, Democrat Quinn 38%

  • Comments

    6 Responses to “Caterpillar Thinks About Leaving Illinois Due to Income Tax Hike”

    1. RussVet on March 26th, 2011 10:35 pm

      Those ole rich people … try to tax them and they just leave the state and later the country… thank you flop ears for losing more jobs

    2. rightknight on March 27th, 2011 12:52 am

      ObamaCare is patently UNCONSTITUTIONAL. BTW, what
      uninformed bunch of loonies is still trying to implement
      it? Sworn to uphold and support the Constitution???

    3. Reader on March 27th, 2011 8:21 am

      Caterpillar — warning — Texas is about to gut its education system. One hundred thousand teaching jobs are on the chopping block and they are thinking of lifting the class cap that could put 30-35 kids in a classroom. Think 35 five year olds in one room. Illinois may be shooting itself in the foot with taxes, but Texas is shooting itself in the foot with poor management. BTW — there are no teacher Unions in Texas. The teachers in Wisconsin are fighting to protect benefits, while teachers in Texas want to keep their jobs. Just proves people in power can screw you one way or another.

    4. Michelle Smith on March 27th, 2011 11:00 am

      Isn’t income tax also unconstitutional?

    5. Dolf on March 28th, 2011 9:05 am


      so is the NASA & USAAF

    6. Greg the Great on March 28th, 2011 7:32 pm

      Q: What’s the difference between
      Obama and his dog, Bo?

      A: Bo has papers.

    Leave a Reply

    Support Scared Monkeys! make a donation.

    • NEWS (breaking news alerts or news tips)
    • Red (comments)
    • Dugga (technical issues)
    • Dana (radio show comments)
    • Klaasend (blog and forum issues)
    E-mail It