Sep 17, 2012
The U.S. government is giving Caterpillar 3.4 million dollars to develop truck engine parts. The money is to look for new metal alloys and examine the cost of casting the parts.
Caterpillar is constantly complaining about high taxes. But it is eager to grab up government subsidy money. This is a company with 4.9 billion dollars in profits after taxes last year. Why should a penny of workers’ tax money go to subsidize it?