Last week, Illinois Representative John Bradley introduced House Bill 1032. This proposed legislation would effectively repeal the Workers’ Compensation Act, leaving injured workers to fend for themselves in Illinois circuit courts. The legislation was spurred, in part, by the threat of Caterpillar, Inc., a company that is one of the largest manufacturers in the state.
As explained in this Chicago Breaking Business blog post, Caterpillar’s CEO recently sent a letter to Illinois Gov. Pat Quinn, in which he suggested that it cost his company too much money to do business in Illinois. He indicated that other states were courting the company to move its operations from Illinois and that it would do so unless Illinois cut back drastically on government spending and rolled back tax increases.
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