I was born in Peoria, Illinois - home of Caterpillar. "Cat" is a world class manufacturer of earth moving equipment and their CEO recently said, "We are adding more than 1,000 employees just in Illinois alone".
This is great news and I have always admired Caterpillar for the quality of their union work, their parts distribution network that is second to none and to their adherance to sound business, financial and marketing fundamentals.
Now most of their new business are exports going all over the world. Here is the thing: while Congress was embroiled in the debt-ceiling debate, free-trade agreements for Columbia, Panama and South Korea were put on hold. What a shame.
Why? Japan and China would LOVE to take that business away from CAT. We have to push hard for good, fair-trade agreements so exports can flourish and our workforce gets back to work.
Adding more individuals to the workforce means more people paying in taxes. Paying in more taxes means more money available to upgrade our transportation infrastructure and ports.
And, yes, this means more demand for freight brokers too.
There are better ways to raise money than to start inceasing taxes. Getting the workforce going again is THE ultimate weapon against the push to increase taxes.
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