Foxconn's Wisconsin deal touted by Trump shrinks from 13,000 jobs to 1,454

[Yo_Mama_Been_Loggin]

WASHINGTON (Reuters) -Taiwanese contract electronics manufacturer Foxconn Technology Co Ltd will dramatically scale back its planned investment in an initially planned $10 billion Wisconsin plant, under an agreement announced with the state on Tuesday.

The investment was first announced to great fanfare at the White House in July 2017, when Donald Trump was president.

Wisconsin will reduce its tax credits authorized for the project from $2.85 billion to $80 million as Foxconn reduces its planned investment from $10 billion to $672 million and cuts the number of jobs planned from 13,000 to 1,454, Wisconsin Governor Tony Evers said in a statement.

The 20-million-square-foot campus marked the largest investment in U.S. history for a brand new location by a foreign-based company when it was announced. It was praised by Trump as proof of his ability to revive American manufacturing.

https://finance.yahoo.com/news/foxconn-sharply-scales-back-wisconsin-201609477.html

Stable genius strikes again.

[LakeArenal]

1. Jobs for lawyers.

[SoonerPride]

2. It was always a scam

Like everything he ever did.

All hype.

No substance.

And a lot of people lining their pockets along the way.

People should go to prison for this grift. But they won’t.

[StClone]

3. This was the beautiful legacy of Scott Walker

This was an out-in-the-open billion dollar scam. Think of what these scum bags did which we are unaware.

[struggle4progress]

4. Wisconsin lowers tax breaks to $80 million

https://abcnews.go.com/Business/wireStory/foxconn-deal-wisconsin-lowers-tax-breaks-80-million-77196173

[TreasonousBastard]

5. Wasn't the whole thing on hold for a while? Typical trumpshit-- announce a deal and forget...

about it few days later when the news cycle is over.

[SWBTATTReg]

6. It wasn't trump that signed onto this deal, it was the stupid state republicans that pushed for

this by Foxconn, led by Scott W. Nail every damn one of them for totally screwing it all up, their pick sucked and didn't deliver, and the state will probably loose hundreds of millions of dollars. Where are they are now, these republicans? Amazing how quickly they disappear into the woodwork when they need to (republicans).