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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWisconsin State taxpayers could end up paying Foxconn $500,000 per job, or more.
Wisconsin lawmakers vote to pay Foxconn $3 billion to get new factory
The Wisconsin Assembly voted 59-30 on Thursday to approve a bill to give incentives worth $3 billion to Taiwan-based Foxconn so that the company would open its first US plant in the state.
Foxconn, best known for supplying parts of Apple's iPhones, will open the $10 billion liquid-crystal display plant in 2020, according to Reuters. The bill still has to be approved by a joint finance committee and the state Senate.
Both houses of Wisconsin's legislature are controlled by Republicans, and the deal is supported by Wisconsin Governor Scott Walker, a Republican who negotiated the deal.
The vote was largely, but not entirely, along party lines. Three Democrats joined 56 Republicans in supporting the deal. Two Republicans and 28 Democrats voted against it.
The Wisconsin Assembly voted 59-30 on Thursday to approve a bill to give incentives worth $3 billion to Taiwan-based Foxconn so that the company would open its first US plant in the state.
Foxconn, best known for supplying parts of Apple's iPhones, will open the $10 billion liquid-crystal display plant in 2020, according to Reuters. The bill still has to be approved by a joint finance committee and the state Senate.
Both houses of Wisconsin's legislature are controlled by Republicans, and the deal is supported by Wisconsin Governor Scott Walker, a Republican who negotiated the deal.
The vote was largely, but not entirely, along party lines. Three Democrats joined 56 Republicans in supporting the deal. Two Republicans and 28 Democrats voted against it.
Link: https://arstechnica.com/tech-policy/2017/08/wisconsin-lawmakers-vote-to-pay-foxconn-3-billion-to-get-new-factory/
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Wisconsin State taxpayers could end up paying Foxconn $500,000 per job, or more. (Original Post)
USALiberal
Aug 2017
OP
BigmanPigman
(51,840 posts)1. How much is Walker and state GOP getting in kickbacks?
lapfog_1
(29,317 posts)2. More, much more
By the time the plant is built, it will be outfitted with automation out the wazoo.
probably will employ 1/2 to 1/10 the number of workers they claim.
USALiberal
(10,877 posts)3. People are so gullible! nt
Heartstrings
(7,349 posts)4. Walker screws us Wisconsin taxpayers
again....