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Worried about the business climate. do you know the state cease ently increased the corporate tax rate by 2.2%? the kicker here is that he won t say that s the reason he wants to move. his spokesman said this about his employees. that the personal tax rate is going up 2% so they are talking with other states about moving the entire company. so we have a company that is making the case that it will be better for its employees if they sell their homes, leave their schools, vacate the neighborhoods, you know, uproot the families, hit the road, and it ll just be a more complete way of life for them. all of that to save 2% a year? joining me now is david cay johnston a columnist for tax.com, pulitzer prize winning author, and former tax columnist for the new york times. good evening, david. ....
And has recently enjoyed tax free incentives from the state of illinois for at least a full year. they received millions in stimulus money from the government but now the ceo of caterpillar is saying that he is considering taking his 23,000 jobs to another state. he s written a letter to the democratic governor saying he s worried about the business climate. do you know the state cease ently increased the corporate tax rate by 2.2%? the kicker here is that he won t say that s the reason he wants to move. his spokesman said this about his employees. that the personal tax rate is going up 2% so they are talking with other states about moving the entire company. so we have a company that is making the case that it will be better for its employees if they sell their homes, leave their ....