Illinois taxes driving them out? Cat leaving?

[JustRalph]

http://www.pantagraph.com/news/local/article_3c23590c-572a-11e0-afc0-001cc4c002e0.html

Doesn't surprise me a bit. There has to be a breaking point

[newtothegame]

Wait a minute...stop the presses...
According to libs, corporations are supposed to get higher taxes.
DAMN Cat....racist pigs!! :bang:
They should just shut up and pay their "fair" share....:faint:
I am sure mosty will be along shortly to back me up on this :lol:

[newtothegame]

Well at least if the move to Indiana...(as I have read in another report), no one will lose jobs......or will they? all those Ill residents who dont wish to or can't move...gee, they will. And I am sure that there will be NO restructuring once and if they move....
Sheeze come to think of it...people will lose jobs. But not to worry, I am sure Ill will just raise more taxes to accomodate this loss :lol:

[bigmack]

I posted that bag boys @ supermarkets here in CA have to pay $100/mo in forced union dues. Not only that, I've learned they have to pay a forced $165 initiation fee just to start working. Ostensibly, they start working "in the hole." :ThmbDown:

A certain poster, rhyming with Post Toasties, doubted that story. After having been faced with its reality he stated - "If he/she doesn't like it, they can go work somewhere else."

Caterpillar should leave the state as quickly as possible. I say this fully knowing 'Post Toasties' will fully back my decision.

[newtothegame]

Not too mention Mack...did ya notice that all the other states mentioned were either right to work states or well on their way to being right to work.
But not to worry, I am sure "post moasties" will be along to tell us this is just more union busting. Hell Gov Walker from wisconsin probably is in collusion with CAT lol
Go UNIONS!!!!! Stand your ground with your soon the be let go employees. You have done them a great service along with Gov Quinn of Ill!!
No wonder my parents left that state many many years ago!

[bigmack]

IL has a public pension fund deficit of $50B. (That's billion)

They are in a meltdown that tax increases will only exacerbate.

Co's leaving the state as a result of higher taxes is a lesson learned all too well here in the Golden State.

IL, CA, NY. All in shambles.

Remind me again of the party in charge for so long in each.

[Robert Goren]

CAT is always bitching about taxes. Last year they made a big deal about it to while the open a new site in England. A place that makes the US and IL look cheap. They are playing the states. I noticed Nebraska governor was quoted in the peice. He always is there talking, but we never get anything. We keep electing republican talkers instead doers here. I feel like we are played for suckers over and over again. The only thing we get is a few small IA companies who move back across the border in 5 or 6 years.

[ArlJim78]

Illinois is so out of step with the times. The dem's hold the governorship in 2010 despite coming off of the Blago debacle and a Lt Gov who promised to raise taxes and a red wave which swept through other states like Wisconsin next door. Of course there were giant rallies in Springfield where the most popular chants were "Raise My Taxes" and "Where is the money?". Our only growth industry is hosting runaway Democratic legislators from neighboring states.

I think it might be hard for CAT to move some of the key manufacturing plants, but not impossible. The headquarters could move for sure and it would not surprise me one bit. How devastating it would be for Peoria though.

[Robert Goren]

You would have to look long and hard to find a company that benefited more from government spending than CAT. Their stock is going through roof now because they make a ton of money from the Japan's government spending to rebuild. Where do they think state governments get the money to build roads?

[newtothegame]

Yeah robert, what possibly were we thinking? Of course its CATSZ fault. But, one thing I haven't quite understood. How is CAT responsible for that 50 billion pension fund Mack mentioned?
And, since the bad companies are making money and increasing their stock price[ which you have villified, what should they be in business for? P.s. what would you now have those 2300 employees potentially to be affected do?
QUOTE=Robert Goren]You would have to look long and hard to find a company that benefited more from government spending than CAT. Their stock is going through roof now because they make a ton of money from the Japan's government spending to rebuild. Where do they think state governments get the money to build roads?[/QUOTE]

[BlueShoe]

IL, CA, NY. All in shambles.

Remind me again of the party in charge for so long in each.
That would not be far left Democrats, would it? :rolleyes: Isnt socialism wonderful? Just "share the wealth", at least until you run out of other peoples money, and then raise taxes even higher. That is the way the left does things. We have brought this up many times before, but with very few exceptions every state that is facing a fiscal crisis is run by liberal Democrats.

[newtothegame]

I will take "failed policies" for a hundred alec. That would not be far left Democrats, would it? :rolleyes: Isnt socialism wonderful? Just "share the wealth", at least until you run out of other peoples money, and then raise taxes even higher. That is the way the left does things. We have brought this up many times before, but with very few exceptions every state that is facing a fiscal crisis is run by liberal Democrats.

[Robert Goren]

That would not be far left Democrats, would it? :rolleyes: Isnt socialism wonderful? Just "share the wealth", at least until you run out of other peoples money, and then raise taxes even higher. That is the way the left does things. We have brought this up many times before, but with very few exceptions every state that is facing a fiscal crisis is run by liberal Democrats.Almost every state whether run by a republican or a democrat has a fiscal crisis. If you take the deficit and divide by the population you find almost no difference. Nebraska has huge problem when you figure it that way and liberal democrats here are scarcer than hen's teeth. One top of that we have major road problems which they are just beginning to address.

[JustRalph]

Almost every state whether run by a republican or a democrat has a fiscal crisis. If you take the deficit and divide by the population you find almost no difference. Nebraska has huge problem when you figure it that way and liberal democrats here are scarcer than hen's teeth. One top of that we have major road problems which they are just beginning to address.

Solving for X doesn't bolster your argument all.

[boxcar]

Almost every state whether run by a republican or a democrat has a fiscal crisis. If you take the deficit and divide by the population you find almost no difference. Nebraska has huge problem when you figure it that way and liberal democrats here are scarcer than hen's teeth. One top of that we have major road problems which they are just beginning to address.

EXCUUUSSSE ME! Did you really say, "road problems which they are just beginning to address"!? What was all this stimulus money for, Robert? Wasn't it to rebuild the infrastructure? Wasn't all that money supposed to create a ton of shovel-ready jobs? :bang: :bang:

Boxcar

[delayjf]

Here in CA, Boeing who just got the contract for the new US tanker is closing down its C-17 production line when that contract runs out and transfering the tanker production to theri Oklahoma plant.

Carl's Jr. has announced that they will move their HQ to Texas and invest in a huge expansion in that state. Claiming that high taxes and regulation are making it too difficult and costly to stay in CA.

http://www.calwatchdog.com/2011/03/21/carls-jr-chewed-up-by-state/

[JustRalph]

Great article about Carl's

My wife ran a restaurant in CA for a year. She has turned down 3 different positions in CA in the last five years exclusively due to the work rules they require. These were very high paying jobs too. She just won't go back.

The break rules cripple a restaurant.

Here in CA, Boeing who just got the contract for the new US tanker is closing down its C-17 production line when that contract runs out and transfering the tanker production to theri Oklahoma plant.

Carl's Jr. has announced that they will move their HQ to Texas and invest in a huge expansion in that state. Claiming that high taxes and regulation are making it too difficult and costly to stay in CA.

http://www.calwatchdog.com/2011/03/21/carls-jr-chewed-up-by-state/

[NJ Stinks]

Let me know when the standard of living in Red states equal or surpass the standard of living in Blue states.

There's a reason for that you know. :rolleyes:

[The Judge]

does anyone know? If they are moving why on Earth would any Business move to Ill. or remain there? Is Cat. the only one that the tax rate effects?

http://www.senatedem.ilga.gov/index.php/component/content/article/101-blog-posts/1445-businesses-wont-scurry-out-of-illinois-because-of-tax-hike-experts-say

[newtothegame]

Let me know when the standard of living in Red states equal or surpass the standard of living in Blue states.

There's a reason for that you know. :rolleyes:

So what your saying is that you libs (in blue states) complain about repugs and rich not paying their "fair" share...but all along it is you blue states that arent paying their fair share???
Maybe if you libs in blue states paid more, we in red states could live better....
After all, that's your motto right??? :lol:

[ArlJim78]

Let me know when the standard of living in Red states equal or surpass the standard of living in Blue states.

There's a reason for that you know. :rolleyes:
and that reason is that red states do a better job of living within their means while blue states tend to inflate their standard of living by spending a bunch of money they don't have.

[JustRalph]

and that reason is that red states do a better job of living within their means while blue states tend to inflate their standard of living by spending a bunch of money they don't have.

Jim, u are making an error. They have the money until tax collections are down. Then they don't have the money. There's a difference

It has to do with your definition of tyranny

[Dave Schwartz]

There was a great story on 60 minutes last night about Fed corp taxes driving companies off shore.

story:
A look at the world's new corporate tax havens
Lesley Stahl explains how U.S. corporations are cutting their tax bills by moving business

http://www.cbsnews.com/stories/2011/03/25/60minutes/main20046867.shtml?tag=contentMain;cbsCarousel

video:
http://www.cbsnews.com/video/watch/?id=7360932n&tag=related;photovideo

[delayjf]

Let me know when the standard of living in Red states equal or surpass the standard of living in Blue states.

In the town my mother lives in in Missoui, 250,000 buys a one level 2400 sq ft home with an attached 3 car garage on one acre of land. Here is CA, that will get her a two bed room 837 sq ft apartment with a car port.

What will 250k buy in NJ??

[Robert Goren]

I can't believe anyone would leave Texas to live Switzerland. No tax laws are that good.

[mostpost]

I can't believe anyone would leave Texas to live Switzerland. No tax laws are that good.
My niece lived in Switzerland for eight years because of her husband's job. One of the first things they were told is if you meet your neighbors it is much more likely because they came over to complain about something you were doing than that they came over to welcome you to the neighborhood. They spent a lot of time in France and Italy.

On the other hand, you are talking about moving from Texas. :lol:

[mostpost]

In the town my mother lives in in Missoui, 250,000 buys a one level 2400 sq ft home with an attached 3 car garage on one acre of land. Here is CA, that will get her a two bed room 837 sq ft apartment with a car port.

What will 250k buy in NJ??
How long does your mother have to work to earn that $250,000 in Missouri as compared to how long it would take her to earn the same $250,000 in California.
Also, are you comparing rural Missouri with urban California?

One final question. When you make these specious comparisons, do you think we will not catch on or do you not realize how invalid they are? In other words; are you dumb or do you think we are?

[prospector]

are you dumb or do you think we are?
that's just toooo easy..got another one?

[prospector]

Let me know when the standard of living in Red states equal or surpass the standard of living in Blue states.


what standard of living? blue states have too many taxes and stupid rules..house prices are too high..high salaries so people can afford to live there raise prices for everything..its a never ending circle

[mostpost]

Let us take another look at this theory that lower taxes mean more rapid growth in the economy.

We are going to look at two thirty year periods: 1950 to 1980 and 1981 to the present.

From 1950 to 1980 the top corporate tax rate was generally between 48% and 50% with a few variations as high as 52%.

From 1981 to 2010 the rate dropped steadily and was 34% or 35% for most of the period.

Using that information it should be clear that the economy would grow more during the second era. NOT EXACTLY.

Using the percentage growth in GDP as a measuring stick we find something quite different. I know you all love my charts so:

Economic growth as measured by percentage change in GDP

HIGH TAXES............................................. .............LOW TAXES

Growth rate...........# of years............................................. ...................

over 8%..........1..................................... ..............................0........
7-8%..............3................................. ...................................1
6-7%..............3................................. ...................................0
5-6%..............5................................. ...................................0
4-5%..............4................................. ...................................6
under 3%.........6...................................... ..............................10
negative growth 4................................................. ...................3


The years of greatest growth are obviously in the times of higher taxes, and there is a very good reason for this. Faced with having to pay taxes on their excess profits, companies invest that money in the business. Workers get paid more, workers buy more, the companies become more profitable. With lower taxes the owners take the money out of the business. They buy a yacht, they put most of the money in their vault. This does not help the economy.

[BlueShoe]

We talked about this a couple of years ago, but since some have short memories, might want to go back and take a look at this again.
www.mercatus.org/publication/freedom-50-states-index-personal-and-economic-freedom (http://www.mercatus.org/publication/freedom-50-states-index-personal-and-economic-freedom)

[The Judge]

to states that have NO state income tax? Don't say JOBS because I'll just say O.K make it retired workers?

Don't forget this is the information age we can stay in touch by computer even talk face to face so to speak. Let me give my answer, because "TAXES aren't that bad for what I'm are getting."

No body wants to pay taxes or get a tax increase, but if you reduce state corporate taxes to ZERO they would still try to play one area against another. Now we want "no unions" and/or "incentives" to come to your area or to remain in your area . Pay up or we leave.

They aren't all going to Texas or Mississippi they are going China,Mexico,Chile, and Malaysia, why? Even the RED STATES can't compete with that sort of competition UNION- LESS or NOT.

But don't worry they will be right back to sale you something.Then again, maybe thats why they feel they need to stick close to home, somebody new might see a need and step in to fill it.

http://en.wikipedia.org/wiki/State_income_tax

[HUSKER55]

Unions and taxes both add to the cost to the consumer. But until we apply some tarriffs to stop this, nothing is going to happen. Taxes are going to go up out of necessity and unions will fall by the road.

Dad work on heavy equipment his whole life. Example, a part from CAT was $600. One from Mexico was $350. That is a lot of difference for the same part.

Who do you know will pay that difference and keep quiet?

[bigmack]

The years of greatest growth are obviously in the times of higher taxes
What % of companies actually paid the higher rate?

[Robert Goren]

The states that have no income tax have other sources of income. For instance Alaska's state government is run money from oil industry and earmarks from the the federal government. Florida taxes the hell out of tourists. And so forth. Nebraska has no oil and no tourists so we have an income tax and sales tax and bad roads because our governor does want to pay to fix them up. But we do have Iowa companies that rent some office space in Omaha for a few years to get some incentives. We have tried to tie the incentives to new jobs, but the companies keep figuring out a way around that.(Perot industries, now Dell took the state and the city of Lincoln for a pretty penny on their way to China) Any real manufacturing company is going to need a way to move it product out of here. The state refuses to invest ways to do that. So we export Ethanol and meat.

[JustRalph]

How long does your mother have to work to earn that $250,000 in Missouri as compared to how long it would take her to earn the same $250,000 in California.
Also, are you comparing rural Missouri with urban California?

One final question. When you make these specious comparisons, do you think we will not catch on or do you not realize how invalid they are? In other words; are you dumb or do you think we are?

You don't know what the hell you are talking about. In the last ten years I have lived in the two largest cities in ohio, Los Angeles county, Charlotte nc and now about 8 miles outside of Baltimore md.

I still own two properties in ohio. I owned my home in California also. I rented 3 different homes in Charlotte in 3.5 years and I rent a home in Maryland now. Ohio and Charlotte were much nicer, much more friendly and much much cleaner. They also were much much safer. And they cost as much as 40% less. Period. don't try to sell me any bullshit on this one, because I have lived it. I can back it up too.......with numbers. Right out of my own checkbook.