From FOX News:
Caterpillar, the heavy-equipment maker that President Obama cited last year in making his argument for a massive economic stimulus package, is opposing the health care bill nearing final passage, saying the bill would ramp up the company’s operating costs by $100 million alone in the first year and imperil coverage for its 150,000 employees and retirees.
In a letter Thursday to House Speaker Nancy Pelosi and Minority Leader John Boehner, and provided to FoxNews.com, the Peoria, Ill.-based company urged lawmakers to vote against the bill, citing provisions in it — such as new coverage mandates and the taxation of Medicare subsidies for prescription drugs — that would drive up its health care costs by more than 20 percent.
Read the entire article at FOX News.
Email This Post
Print This Post
6:43 pm
What is happening is nothing less than criminal. I want to see somebody go to jail. The president and the speaker are only intrested in their legacy. They don’t care if they distroy our economy or the country. The president has proven to be a liar many times including his full disclosure speech which never happened. Why do we put up with public servants telling us what they are going to do for us or on this case, to us. It’s a Crome that we are spending money we don’t have for projects we don’t need.