| if many of the major companies move out of illinois, we would be even worse off on state budget, spending, and debt than before. the very measures they, the government, took to decrease the debt and negative monetary happenings are the very items that will increase the debt more. |
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No no!... Companies won't move because of high taxes... Quinn said so! They also take into account good schools.. good roads.. and stable government all of which Illinois has in grand abundance! My father said Quinn was on Fox News Chicago and laughed it off as if Cat moving was just a joke because they just signed a new union contract. LOL.... what a better way to get out of a union contract. We're moving the company to Texas which is a right to work state. Anyone who can't relocate in 2 weeks at a 50% paycut is fired... seeyas! This state has become such a F'in joke. The democrats must all be completely clueless as to how the real world economy works. I can tell you right now when the projected tax revenue falls shorter than expected they won't talk about cutting government.. they'll say there is no other way than to raise taxes again. |
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We can without them. I think raising taxes is a good idea in this economy. It is what Reagan did during bad times. Look up the Laffler curve. It might help you understand how tax revenue works. Basically, when tax rates get too high, people and bussiness seek ways to avoid payment. At that point, tax revenue falls. Losing industry is a pretty good sign that tax rates are too high. Moving industrial production is not a decision that was made lightly. It is extremely costly for a company like CAT to relocate. |
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EMD and CAT
EMD wanted to expand in Illinois. Now that CAT feels that illinois is hostile to business, the expansion probably will go elsewhere. Potential jobs are lost. Way to go Democrats. The above link just announces the purchase of EMD.... Motorola did expand in Harvard big time. They reduced their plant and moved production to the far east. I think Harvard is only a distribution node now. That was way before the tax increase. |
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We can without them. I think raising taxes is a good idea in this economy. It is what Reagan did during bad times. Look up the Laffler curve. It might help you understand how tax revenue works. Basically, when tax rates get too high, people and bussiness seek ways to avoid payment. At that point, tax revenue falls. Losing industry is a pretty good sign that tax rates are too high. Moving industrial production is not a decision that was made lightly. It is extremely costly for a company like CAT to relocate. You can't take Toorop's post seriously. Here is the truth on Regan taxes and the economy: Reagan Analysis The facts about Illinois tax increases are that they probably wiped out all of the cost savings and profit making efforts that most companies have put substantial resources and time towards in the last 2 years. It is essentially the same as a process yield falling from 98% to 81%. The only companies that will stay are the ones that cannot transfer capital quickly. Financially speaking, for any business to stay that can afford to go...is unforgivable for prudent investors. |
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When will Quinn be recalled! Thats what I am waiting for! He won't be. I actually had a democrat tell me that he would vote for Quinochio and Obamination regardless of how bad things get. The democrats substitute their religion for politics. To them, they just have to have faith in Obama, hope in Obama, and love Obama. Then they can pray to the party with other people's money "donations" and miracles will happen. If you want to see someone embrace fantasy like a drug, a die hard democrat is a great example. They get more defensive about what you say about Obama than what you might say about God. |
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When will Quinn be recalled! Thats what I am waiting for! He won't be. I actually had a democrat tell me that he would vote for Quinochio and Obamination regardless of how bad things get. The democrats substitute their religion for politics. To them, they just have to have faith in Obama, hope in Obama, and love Obama. Then they can pray to the party with other people's money "donations" and miracles will happen. If you want to see someone embrace fantasy like a drug, a die hard democrat is a great example. They get more defensive about what you say about Obama than what you might say about God. man F#ck Obama i cant stand him or those democrats |
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Cat is already moving out of the state. They are not opening or expanding production in Illinois, instead they are opting to open production facilities in states with much lower taxes, and without the union. (NAMG in North Little Rock, or Piracicaba, Sao Paulo Brazil.)
And as big as Cat is, these higher taxes are a lot of $. . . . . |
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I live in Peoria, and have kept an eye on Cat for quite a while. I am sure there are members here who have been laid off from Cat.
My prediction is CAT will be outta here in 20 years, and when they go, OSF, Proctor, and Methodist will fold, and Komatsu will bail also. ADM will be the only big industry left in what will be left in the ghost town once known as Peoria. |
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Peoria will become another East St. Louis without CAT. Once CAT establishes a presence in a low tax state they probably would move the headquarters. Its not that hard to move pencil pushers. Do you think Quinn will then try to tax CAT because they have a "meaningful presence" in this state after corporate moves?? Im surprised that State Farm hasn't moved out of Bloomington.
Dont forget, Quinn is taxing us for the schools and all those union teachers that supported him.... |
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We can without them. I think raising taxes is a good idea in this economy. It is what Reagan did during bad times. Look up the Laffler curve. It might help you understand how tax revenue works. Basically, when tax rates get too high, people and bussiness seek ways to avoid payment. At that point, tax revenue falls. Losing industry is a pretty good sign that tax rates are too high. Moving industrial production is not a decision that was made lightly. It is extremely costly for a company like CAT to relocate. You can't take Toorop's post seriously. Here is the truth on Regan taxes and the economy: Reagan Analysis The facts about Illinois tax increases are that they probably wiped out all of the cost savings and profit making efforts that most companies have put substantial resources and time towards in the last 2 years. It is essentially the same as a process yield falling from 98% to 81%. The only companies that will stay are the ones that cannot transfer capital quickly. Financially speaking, for any business to stay that can afford to go...is unforgivable for prudent investors. Yeah you are so correct. Thing is, moving isn't nearly as expensive as it used to be. Back in the day large industries would build their own buildings etc. Now most of them don't need to do that. Technology has advanced to the point that wooing states will construct cookie cutter business districts and adapt the buildings to the machinery because it is now all modular construction. In many cases even the newer steel contruction buildings can be broken down and moved. Illinois last saving grace was that it was still relatively friendly to business. With the sales tax changes and the new corporate taxes we are now openly hostile to businesses. I dunno what they are thinking because it is beyond all logic. Maybe they think they can use the courts to force businesses to stay. |
| I work at cat in East Peoria all I have to say is oh well.... if cat moves i'll probably move as well. just gives me a reason to leave this state. in all honesty it would be a no brainer decision to move away with all these ridiculous tax increases, but I do have one question. wouldn't they only need to move the HQ? |
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We can without them. I think raising taxes is a good idea in this economy. It is what Reagan did during bad times. Look up the Laffler curve. It might help you understand how tax revenue works. Basically, when tax rates get too high, people and bussiness seek ways to avoid payment. At that point, tax revenue falls. Losing industry is a pretty good sign that tax rates are too high. Moving industrial production is not a decision that was made lightly. It is extremely costly for a company like CAT to relocate. Why does not CAT just lower the wages of their employees o minimum wage and continue to pay taxes to the state. Remember we all got to make sacrifices and this includes CAT employees. Then. CAT can stay. |
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We can without them. I think raising taxes is a good idea in this economy. It is what Reagan did during bad times. Look up the Laffler curve. It might help you understand how tax revenue works. Basically, when tax rates get too high, people and bussiness seek ways to avoid payment. At that point, tax revenue falls. Losing industry is a pretty good sign that tax rates are too high. Moving industrial production is not a decision that was made lightly. It is extremely costly for a company like CAT to relocate. Why does not CAT just lower the wages of their employees o minimum wage and continue to pay taxes to the state. Remember we all got to make sacrifices and this includes CAT employees. Then. CAT can stay. Maybe because it will impossible to get skilled workers to work for minimum wage. Even if they could get good help to work for minimum wage, why would CAT choose to pay higher state taxes than they would elsewhere? Do you work for minimum wage? I misspelled Art Laffer's name in my earlier post. Did you bother to look up the Laffer curve? Did you understand it? Are you some kind of a troll? |
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We can without them. I think raising taxes is a good idea in this economy. It is what Reagan did during bad times. Look up the Laffler curve. It might help you understand how tax revenue works. Basically, when tax rates get too high, people and bussiness seek ways to avoid payment. At that point, tax revenue falls. Losing industry is a pretty good sign that tax rates are too high. Moving industrial production is not a decision that was made lightly. It is extremely costly for a company like CAT to relocate. Why does not CAT just lower the wages of their employees o minimum wage and continue to pay taxes to the state. Remember we all got to make sacrifices and this includes CAT employees. Then. CAT can stay. How does it make CAT more profitable to pay higher taxes to the state government. They should up and move now. The tax savings will pay for themselves in short order. Posted Via AR15.Com Mobile |