Friday, March 19, 2010

Caterpillar: Health Bill Would Cost Company $100M More

 The good news just does not end.......   Kill The Bill  Caterpillar has had a tough time making it through the recession along with every other American company.

CHICAGO--Caterpillar Inc. (CAT) said the health-care overhaul legislation being considered by the U.S. House would increase the company's health-care costs by more than $100 million in the first year alone.
In a letter Thursday to House Speaker Nancy Pelosi (D., Calif.) and House Republican Leader John Boehner of Ohio, Caterpillar urged lawmakers to vote against the plan "because of the substantial cost burdens it would place on our shareholders, employees and retirees."


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