SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Cat praises pension bill, bipartisan process hailed as template

Monday, Dec 2, 2013

* Caterpillar CEO Doug Oberhelman was an early endorser of Bruce Rauner’s candidacy. But his company today came out strongly for the pension reform bill, even going so far as to praise the process by which it was negotiated as a template for future Springfield progress on other tough issues. This statement represents the most significant repudiation of Rauner’s opposition to date…

Caterpillar is supportive of this pension reform bill as it is a significant step in moving Illinois toward fiscal stability.

It represents a truly bipartisan agreement and is the result of years of negotiation and compromise. We are encouraged by this action, which represents significant cost savings in the near and long term.

We also hope this first step will be an example of the type of compromise that will also be necessary as lawmakers work to quickly address other significant issues in order to improve the business climate in Illinois, which will drive private sector investment and growth in the state.

- Posted by Rich Miller        

  1. - Wordslinger - Monday, Dec 2, 13 @ 5:16 pm:

    Rauner is taking a beating today from his pals. If it were a prizefight, they’d stop it.

  2. - Oswego Willy - Monday, Dec 2, 13 @ 5:17 pm:

    The only ones who haven’t left Bruce, it appears, is the Fake Carhartt coat, his Harley, the stuffed hunting dog.

    Attention Rauner Crew,

    Check that “$18 Watch”, it might be time to shift gears on that “strategy” you had cooking.

    Note to self; Probably seen the last Rauner Ad with a Cat Bulldozer or the term “bulldoze” for a while …

  3. - Rich Miller - Monday, Dec 2, 13 @ 5:18 pm:

    ===If it were a prizefight, they’d stop it. ===

    It ain’t over until the bill passes, man. He hasn’t lost yet.

  4. - My Thoughts For Whatever - Monday, Dec 2, 13 @ 5:21 pm:

    Would anyone expect anything different from Oberhelman, especially after the way he has treated employees and raked in the mult-millions in CEO bonuses?

  5. - vicki - Monday, Dec 2, 13 @ 5:22 pm:

    Too bad none of you seem to care that we paid for our pension… we earned our pension. .. and we paid extra for our auto annual increase. … get it? You don’t devastate the required. You don’t devastate the elderly.

  6. - walkinfool - Monday, Dec 2, 13 @ 5:24 pm:

    Businesses and most Democratic politicians on one side, Unions and key GOP candidates on the other.

    That’s Illinois politics for you. It doesn’t compute.

  7. - Anonymous - Monday, Dec 2, 13 @ 5:35 pm:

    It’s going to be a huge disappointment if this is all about big business playing nice-nice (I’m actually surprised and somewhat reassured by this recent move) just for the bill not to pass and then for them to all line up behind Rauner again as the guy who CAN get it done (theoretically) while the Dems obviously failed once again (cue the “Fire Madigan” campaign again).

  8. - Oswego Willy - Monday, Dec 2, 13 @ 5:37 pm:

    I get confused easily, so apologies…

    When Bruce Rauner was talking about “dealing” with Mike Madigan, was THIS what he meant? Working to find a Bi-Partisan “solution” that can pass and be signed so the State can move on from the Pension fiasco until we find out what the courts say?

    Yeah, Radogno, Durkin, Cullerton, the Committee, maybe that IS the template for Governor Quinn, and I am pretty sure that would be the template, just about every day against a “Governor Rauner”, you know taking on career politicians and all…

    Co-Equal, working to give a governor something to consider a solution…is called governing.

    See, that’s how this “stuff” works.

  9. - Anonymous - Monday, Dec 2, 13 @ 5:53 pm:

    =When Bruce Rauner was talking about “dealing” with Mike Madigan, was THIS what he meant?=

    What are you saying, Willy? Are you suggesting the Rauner (and Kirk) somehow manipulated this situation?

    Seriously? The old “taking credit for everything good ploy” again even when there’s nothing to substantiate it and all logic tends to prove the opposite?

  10. - And the horse they rode in on! - Monday, Dec 2, 13 @ 5:53 pm:

    Not surprising from the CEO of a company that has gutted and economically decimated their workforce over the last 4 decades.

    In their schadenfreude minds they want to stick it to the public sector working class so they become McJobs just like the private sector has done in their race to the bottom.

  11. - circularfiringsquad - Monday, Dec 2, 13 @ 5:56 pm:

    One of FarmerBrucey’s big fans, dark money hustler Jon Tilman. just sent out the following:
    “The proposed “deal” hatched by House Speaker Mike Madigan and his allies sounds like tough pension reform, but it isn’t. The words “retirement age” and “cost-of-living adjustments” cause panic. Politicians say “$160 billion in savings” because they know large numbers are hard to comprehend, and most have no idea what that number really means.
    While no hard details are yet available, legislative leaders are telling their caucus members that Illinois’ $100 billion unfunded pension liability would be reduced to roughly $80 billion.”
    Tilman forgot the full bill was released hours ago and the elements of the solution have been debated for months.
    Oh and all 4 leaders not just Madigan endorsed the plan
    Oh and most legit buainess group support the plan

  12. - Hyperbolic Chamber - Monday, Dec 2, 13 @ 5:59 pm:

    Can anyone say “Workers” and “Comp”?

  13. - Oswego Willy - Monday, Dec 2, 13 @ 6:04 pm:

    ===What are you saying, Willy? Are you suggesting the Rauner (and Kirk) somehow manipulated this situation?===

    No, quite the opposite.

    Rauner touts how he would “take on Madigan” and it appears more got done working with all 4 Leaders and the Committee, excluding a governor.

    How about you ask the question without answering it for me, when you ask me to answer…

  14. - Anonymous - Monday, Dec 2, 13 @ 6:08 pm:

    =How about you ask the question without answering it for me, when you ask me to answer… =

    I’d consider doing that if I only understood what you were saying. Just like many of your posts and hence the odd way I seem to ask for clarification. I’ll admit it’s tantamount to “leading the witness,” sort of.

  15. - Oswego Willy - Monday, Dec 2, 13 @ 6:12 pm:


    As Danny Kaffee says, “I walk into that every time.”

    If this Bill passes tomorrow, and the governor does indeed sign it, what is the narrative of Bruce Rauner to the passing and the signing?

    Do you literally move off it? I would have asked Bruce to hold his powder, like I said before. Getting “ahead” of all this just made Bruce look farther “behind” even his own supporters.

  16. - Juvenal - Monday, Dec 2, 13 @ 6:12 pm:


    Not sure how killing the bill would be victory for Rauner.

    This aint checkers.

    True, if it passes he is gonna have to come up with a whole new message platform for the primary, and he is likely toast for the general.

    But if it fails, Rauner will be suited for concrete sneakers to wear the blame. He will spend the entire primary defending himself for killing legislation that would save taxpayers $160 billion, certainly requiring not just an extension of the tax increase but prolly another hike.

    And you can bet january and february will likely be filled with stories of how much Rauner has profited off the status quo, complete with pics of all of his homes, along with his pick of a union ally ad his runningmate.

  17. - Rich Miller - Monday, Dec 2, 13 @ 6:24 pm:

    ===But if it fails, Rauner will be suited for concrete sneakers to wear the blame===

    There would be plenty of blame to go around. Dillard, Rutherford, Kirk, unions, Democrats, etc., etc.

    Plus, he’s got the money to ride out most onslaughts.

  18. - The Elderly Man You Used to Love - Monday, Dec 2, 13 @ 6:30 pm:

    The bill is 5-7 votes short in the Senate, depending on who you talk to. Rauner’s people think it’s 5 votes short.

  19. - Rich Miller - Monday, Dec 2, 13 @ 6:43 pm:

    ===Rauner’s people think it’s 5 votes short. ===


  20. - Nieva - Monday, Dec 2, 13 @ 6:50 pm:

    My people think 6 votes short.

  21. - Oswego Willy - Monday, Dec 2, 13 @ 6:50 pm:

    ===Rauner’s people think it’s 5 votes short.===

    Is Bruce Rauner more like MJM and Cullerton or more like Heather “Vote Countula” Steans when comes to “counting noses” for a Bill?

    Yes, it’s rhetorical.

  22. - Jechislo - Monday, Dec 2, 13 @ 8:17 pm:

    From Obama at the Federal level to the Illinois legislature, the Constitution don’t mean squat. If you don’t like the constitution then change it. Ignoring it is criminal.

  23. - Joe M - Monday, Dec 2, 13 @ 8:22 pm:

    For every dollar stolen from state pension retirees, Caterpillar figures that could be tax dollars they won’t have to pay, from potential tax breaks they will seek.

  24. - mid-level - Monday, Dec 2, 13 @ 8:30 pm:

    Cat and other large corps know that they would lose all their tax breaks and loopholes if pension reform fails. That’s why they and the civies are pushing hard.

  25. - Wordslinger - Monday, Dec 2, 13 @ 9:19 pm:

    Joe M, Mid, the big xdogs don’t care about the corporate income tax.

    For example, In 2012, CAT had a net profit of $5.7 billion on $66 billion in sales. Their state income taxes, across all 50 states, was $57 million.


    The execs at the big multinationals are worried about a progressive personal income tax. You start paying rates like those in Wisconsin, Iowa and Indy, it starts to sting.

  26. - wordslinger - Monday, Dec 2, 13 @ 9:41 pm:

    For the record, in 2012 CAT income taxes paid were:

    U.S.– $971 million

    International: $1.25 billion

    All 50 States: $56 million.

    When it comes to income taxes, you could make a stronger argument that the Planet Earth, outside of Illinois, has a hostile business environment for CAT.

  27. - Quinn is the Grinch - Monday, Dec 2, 13 @ 9:48 pm:

    Governor Quinn is the Grinch that stole Christmas to State employees and retirees. He is heartless. He lied in his last campaign when he said that he had a heart. He has an ice cold heart like all Chicago machine democrats.

  28. - Mr Ethics - Monday, Dec 2, 13 @ 11:00 pm:

    While Cat lays off hundreds in Montgomery this month.

  29. - Rahm's Middle Finger - Monday, Dec 2, 13 @ 11:06 pm:

    Ohhhhhh, Rauner’s people think the bill is 5-7 votes short in the Senate??? Who are those legislative strategist? And do they know what the Democratic roll call is?

    Remember, Rauner showed up in Springfield unannounced and GOP members couldn’t wait to bash him. To think he has any credible sources is silly.

Sorry, comments for this post are now closed.

* Afternoon updates
* Question of the Day
* #AOLhacked
* GOP Leaders are "Nay" to Obama library
* Reilly talks up TIF changes over prop tax
* Morning Shorts
* Yesterday's blog posts

Visit our advertisers...







Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

        * 10 best Windows Phone apps for smarter working on the go
        * New Renders Show Off 'iPhone 6s' and 'iPhone 6c' Concepts
        * Seven-inch Samsung phone looks like tablet, while being a phone at the same time
        * iPhone 6 phablet delay, WP8.1 preview adoption, Amazon phone tilting & more – Pocketnow Daily
        * Google Play Stores holds Spring Premium Game Sale
        * Sense 6.0 update status for HTC One (M7) posted online
        * T-Mobile bribes BlackBerry users to switch to a Samsung Galaxy S5

        * OnePlus One Launched
        * Dragon Age Inquisition Release Date And New Trailer Unveiled (video)
        * COSMOS: A Spacetime Odyssey hits Blu-ray on June 10
        * Shelly Palmer Radio Report – April 23, 2014
        * Add ultracapacitors to the list of devices that could benefit from graphene
        * Microsoft Hotline Helps Entrepreneurs in India Build Tech Startups
        * NYPD Twitter Effort Ends Up As A Disaster

        * Rienzo tasked with slowing Detroit's powerful lineup
        * Leesman endures short outing in first start
        * Tigers 8, White Sox 6: Turning a mismatch into a game
        * Leesman endures short outing in first start
        * Ventura not basing decisions solely on pitch count
        * Gillaspie sits out with sore left hand
        * Relief corps showing signs of working into shape

        Main Menu
        Pundit rankings
        Subscriber Content
        Blagojevich Trial
        Updated Posts

        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005


        RSS Feed 2.0
        Comments RSS 2.0


        * Rauner draws City Hall rebuke over robocalls ti.....
        * Jim Oberweis nixes the bipartisan immigration r.....
        * Internal Memo Says Illinois Medicaid Paid $12 M.....
        * Lawsuit seeks investigation of hiring under Quinn..
        * Hastert among GOP supporters of immigration reform..
        * Correction: Illinois Medicaid-Overpayments story..
        * Emanuel rips Rauner over pension stance..
        * Illinois GOP congressmen warm to immigration re.....

        * Lawsuit seeks investigation of hiring under Quinn
        * Lawsuit against Mississippi gun dealer settled
        * Hastert among GOP supporters of immigration reform
        * Ex-radical group member says university ending job
        * Spring corn planting still sputters in key states
        * Death penalty case shifts focus to slain Ill. kids
        * Illinois audit: Police training money misspent
        * Man convicted in 1957 Illinois death appeals
        * Acco to add 162-job call center in Booneville
        * Bruce Rauner details some views on immigration

        * Clock ticking for states to adopt health exchanges
        * Madigan re-elected to lead state Democratic party
        * Hastert, other state Republicans supporting immigration reform
        * Lawsuit seeks investigation of hiring under Quinn
        * GOP lawmaker objects to 9-0 vote for Obama library
        * DNR mining-oversight official fired
        * Democrats: Illinois schools could face major cuts
        * State prisons to use costly drug for hepatitis C
        * Illinois Medicaid paying for dead clients
        * Quinn grants 43 clemency requests

        * Emanuel rips Rauner over pension stance
        * Madigan re-elected to lead Illinois Democratic party
        * Ebony editor-in-chief steps down
        * Ebony magazine puts Jet editor in charge
        * Ebony taps Jet editor to take top slot

        * No public money for Obama library
        * Ex-head of suburban religious organization denies sex harassment
        * FBI informant on tape hugging man before shooting him: prosecutors
        * Make graffiti taggers pay for vandalizing CTA buses, trains
        * CPS puts $100 million price tag on mayor's A/C-in-schools edict
        * Robo-calls raise Rauner-Rahm rift
        * Republican leaders say state can’t afford $100 million for Obama library
        * Oberweis apologizes as GOP leaders urge action on immigration
        * Cops: Man kills wife outside NW Indiana school, then takes own life
        * Two teens shot in South Shore neighborhood

        * 1 dead, 3 injured after CTA bus, van collide in South Chicago
        * Pawnshop that sold gun used to kill cop agrees to report more on sales
        * CPS mulls privatizing 3 more schools
        * Maywood man charged in weekend hit-and-run death
        * 8 wounded in separate city-wide shootings
        * 6 injured when South Side police chase ends in crash
        * CTA's new weapon in graffiti battle: suits against vandals, parents
        * Man accused of assaulting woman at Woodstock motel
        * FBI informant on parole denied bail in fatal shooting caught on video surveillance
        * Firefighters rescue man from burning building in Roseland

        * Initial Obama Library Vote A "Misunderstanding"
        * The Vanishing Millionaire Tax
        * Legislator Protests Madigan As Party Chair, Won't Say Why
        * Tax Returns Revealing ... But Not Revealing Enough
        * Quinn Releases Tax Returns; Rauner's Waiting
        * Illinois Senate Joins Push For U.S. Constitutional Convention
        * Quinn Signs Law Intended To Lower Cost Of Auto Leasing
        * Mayors' group pushes for Illinois pension reform
        * Two don't-miss events this Wednesday
        * Illinois Medicaid Paying For The Dead

        * Our Opinion: Top Teen making Springfield a better place
        * Our Opinion: Computer lab a boost for the homeless
        * Lawsuit seeks investigation of hiring under Quinn
        * Madigan re-elected to lead state Democratic party
        * Madigan: 'Misunderstanding' on Obama library vote
        * Hastert, other state Republicans supporting immigration reform
        * Audit: Treasurer's office has 30 guns not given to police
        * State audit: Police training money misspent
        * Amazon takes hit in states with online tax, study says
        * Bankruptcy court trial sought over $3.8 million paid to Parsons

        * IDNR wrapping up controlled burns across state
        * Decorative bags for Earth Day greet Decatur Kroger shoppers
        * Jackson County hosts asparagus workshop
        * Williamson County Child Advocacy Center gets re-accreditation
        * John Adams Jr.
        * Anne Otey
        * John Oakley
        * Gipsey Hicks
        * Lavell 'LD' Starrick
        * Charles 'Blue' Perschbacher

        * The 10th District money race
        * Aurora Democrat calls out IHSA
        * Lawyers: Ill. hazing law vague, unconstitutional
        * Ill. House OKs lower-cost hunting bill for seniors
        * Quinn’s running mate takes new consulting job

        * Nuke advocate attacks Obama - Reno News & ...
        * Grant puts AEDs in Clark County - Paris Be...
        * Congressman's staff in Neoga today - Journ...
        * Congressman to visit Renewable Energy Cent...
        * Shimkus Honors 100th Anniversary of Heath ...
        * Congressman to visit with constituents in ...
        * IRS Tax Breaks Available for Disaster Vict...
        * Shimkus accepting Congressinal Art entries...
        * Congressman to host art show at Tarble - D...
        * Shimkus tours EIU Renewable Energy Center ...

        * Loading Koch Industries Website Too Many T......
        * Maryland and DC among worst for food aller......
        * Cleveland State University to reestablish ......
        * Convicted political boss Al Sanchez runnin......
        * Candidates make last filings for local, st......

        * Illinois Lt. Gov. Simon opposes pension le......
        * Dillard Odd Man Out on Pension Deal Reaction...
        * Sen. Mark Kirk sides with Rauner on pensio......
        * Governor's race infighting threatens pensi......
        * SCHOONERS - Home of Everyone's Favorite Be......

        * Obama Administration Tightens Grip On Intelligence
        * Catching gangbangers on bikes?
        * You’d think it was still 20th Century by composition of immigration forum
        * CPS: Emanuel's Air Conditioning Mandate To Cost $100 Million
        * 6th Ward Alderman on CAN-TV's Political Forum
        * Reading the Tea Party Leaves
        * The Brick Stackers
        * Recipe for success
        * Court Critical Of Ohio Law Punishing Campaign Lies
        * Michigan Affirmative Ban Is OK, Supreme Court Says

        * Governor Quinn Promotes Welcome Home Illinois Program at Annual Affordable Housing Conference - Addresses Industry Leaders on State’s Improving Housing Market and New Program for First-Time Homebuyers
        * IEMA Encourages Participation in ‘America’s PrepareAthon!’ on April 30 - First National Day of Action Expected to Draw Millions of Participants
        * Redeploy Illinois Program Diverts Thousands of Youth From Prison System, Saves State $60 Million - New analysis of prison diversion initiative shows 54 percent reduction in juvenile incarceration
        * Illinois EPA Recognized for 40 Year of Graduate Public Service Internship Partnership with University of Illinois at Springfield - Agency Internship Programs Help Students Gain Real-World Knowledge of Environmental Protection and Regulations
        * Governor Quinn Proclaims Tuesday, April 22, Earth Day in Illinois - Urges People Across the State to Go Green and Continue Environmental Consciousness

            Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller