From the campaign of John Bambenek for State Senate (52nd District)…
Illinois’ Loss of Caterpillar, Inc. North American Plant is Another Blow
to Economy and Jobs Due to State Regulation, Taxation, and Litigation
CHAMPAIGN, IL (February 14, 2012) — Republican Candidate for the 52nd District State Senate seat John Bambenek released a statement today following the announcement from Caterpillar, Inc. that it will not build its new North American plant in Illinois.
“This marks the continuation of a sad chapter in Illinois government. Caterpillar Inc.’s decision is yet another example of Governor Quinn and the Democrat’s discouragement of job creators from establishing businesses in Illinois through taxation, regulation, and litigation. The governor’s budget projections show he has no plan to ensure that the recent tax hike will expire. According to these projections, state spending at the current rate will lead Illinois to a backlog of $35 billion in debt by 2017. This hostile environment alone is enough to keep many companies from considering locating here – but this is not all. Current State Senator Mike Frerichs voted for the midnight tax hike that has caused companies to reassess their investment in the 52nd District and throughout the state. He also voted “present” on a bill for comprehensive workers compensation reform that would have included requiring workers to actually be injured on the job before filing claims and receiving benefits. Worker’s compensation is the most important reason, next to taxes, why businesses leave Illinois.”
Bambenek continued, ‘We need someone who will work with business to put Illinois back to work, not keep giving companies reasons to leave. As a State Senator, I will make a commitment to do just that.”