Cat Mulls Move From Illinois

Summary


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 Monday 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.

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Extract


Cat Mulls Move From Illinois

"I want to stay here. But as the leader of this business, I have to do what's right for Caterpillar when making decis...

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