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CAT Disappointed State's Tax Break Package Fails In Legislature



Caterpillar says this week's vote  by Illinois lawmakers that killed a package of tax breaks for  several companies was a bad signal to send. Illinois is trying to  convince the heavy-equipment maker to build a new factory in the  state. CAT's Chief corporate spokesman Jim Dugan says  

Tuesday's vote was a product of the state's "rudderless,  dysfunctional business climate."  The tax package was intended to hold onto Sears and several  financial exchanges that have threatened to leave Illinois. Peoria-based Caterpillar plans to move about 1,000 jobs from Japan to a North American location still to be decided. Illinois officials have said they've talked to the company about possibly building the plant in the state. They did not immediately respond to requests for comment.

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Topics: Business_Finance
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Locations: IllinoisPeoria
People: Jim Dugan