Caterpillar (NYSE:CAT) Annoyed At Lack Of Tax Rebate

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tdp2664 E money daily Caterpillar (NYSE:CAT) is reportedly extremely disappointed at the Illinois R&D tax credit defeat. Caterpillar (NYSE:CAT) Annoyed At Lack Of Tax Rebate Caterpillar (NYSE:CAT), Illinois based world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines, was reportedly very disappointed at the Illinois legislature's failure to attain a research and development tax credit. Jim Dugan, a Caterpillar (NYSE:CAT) spokesman, said, "The failure in Springfield to pass that R&D tax credit and other provisions is a disappointment to us. It's an example of what's wrong in this state. The tax credit is not tied to the decision-making process for the factory coming to North America." Caterpillar Inc. (NYSE:CAT) shares were at 96.82 at the end of the last day’s trading. There’s been a 0.8% change in the stock price over the past 3 months. Caterpillar Inc. (NYSE:CAT) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.67 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.85 Zack’s Rank: 2 out of 8 in the industry