Tag Archives: Neil Cavuto

Remember the good old days when we only worried about Cat leaving Peoria?

Now we have to worry about Caterpillar leaving the country, evidently. Check out Congressman Aaron Schock’s interview on Neil Cavuto’s show:

Or, if you don’t want to watch the whole thing, here are the comments that concern me:

SCHOCK: What this bill will do is only speed up foreign competitors buying U.S. corporations. If the President likes Fiat owning Chrysler, and so many of these other foreign competitors gobbling up their U.S. competition because it makes more sense for them to be foreign companies. For the sake of Caterpillar, they only sell 30% of their goods here in our country. If they’re going to be double-taxed on the other 70%, why fly the American flag? […]

CAVUTO: Do you think Caterpillar’s going to bolt?

SCHOCK: I hope that companies like Caterpillar and their brothers and sisters like them around the country will help educate their members of Congress, will help educate their shareholders, and more importantly their employees of the devastating effect of the President’s tax policy, and that members of Congress will hear their phones ring, and ultimately we can kill it.

In other words, Cat should warn everyone that if the President’s tax policy passes, then Cat may leave the U.S. and become a foreign company. Personally, I’m not worried. Peorians ensured that Cat has “drive[n] deep stakes in this community” by passing that museum tax. Cat wouldn’t leave now that we’ve proven our love for them.