In a recent letter to the governor of Illinois, Doug Oberhelman, CEO of heavy machinery maker Caterpillar (CAT), outlined his concerns about new state taxes that could force the Illinois-based company to move operations to another state. Reportedly, Wisconsin, Indiana and New Jersey are all courting the company.
With 23,000 Caterpillar employees in Illinois, the stakes are high. Hopefully, Governor Pat Quinn and Oberhelman will be able to work something out.
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