“Even the best case, rosiest scenario shows Wisconsin taxpayers losing money on this deal for decades.” [Bloomberg]
Gov. Scott Walker’s proposed deal with Foxconn is floundering in the legislature following a devastating analysis from the nonpartisan Legislative Fiscal Bureau.
Analysis of a deal proposed by Gov. Scott Walker to lure Foxconn to Wisconsin would, at best, be a net loser of revenue for nearly three decades.
ICYMI: Report Uncovers CEO of Manufacturer Being Wooed by Wisconsin Referred to Employees as ‘Animals’ and Solicited Management Advice From Zoo Director.
"The Foxconn CEO’s animosity to workers and his corporation’s documented poor treatment of them is yet another red flag," Browne said in a statement." [Milwaukee Journal Sentinel]
The provisions of August 2017 Special Session Assembly Bill 1 embody, on their face, a bad deal. And the more we find out, the worse it gets.
One Wisconsin Now Says Scott Walker "wants state taxpayers to dole out up to $250 million annually in incentives" to Foxconn "to lure a manufacturing plant" [PolitiFact]
There’s nothing in this Foxconn deal to prevent Wisconsin taxpayers from paying for jobs that will go to people in Illinois or other states.
Gov. Scott Walker has launched campaign ads to tout his proposal to send $3 billion in state tax dollars to Taiwanese electronics manufacturer Foxconn.
One Wisconsin Now executive director Scot Ross bemoaned the company’s failure to follow through on promises made to other states. [Eau Claire Leader-Telegram]
Gov. Scott Walker wants state taxpayers to dole out up to $250 million annually in incentives to Taiwanese electronics manufacturer Foxconn. [Wisconsin State Journal]
"Gov. Walker has to some explaining to do to taxpayers in every corner of the state who will foot the bill for this deal on the Illinois border," said Scot Ross. [Associated Press]
Gov. Scott Walker wants state taxpayers to dole out up to $250 million annually in incentives to Taiwanese electronics manufacturer Foxconn.
The record shows Scott Walker’s and Foxconn’s records are equally atrocious on delivering for workers and taxpayers.
"Gov. Walker has to some explaining to do to taxpayers in every corner of the state who will foot the bill for this deal on the Illinois border," said Scot Ross, director of the liberal activist group One Wisconsin Now. [Associated Press]
"Scott Walker promised us both 250,000 jobs and accountability when giving out tax breaks to businesses and I think we've gotten neither." [Milwaukee Journal Sentinel]
A little math as employed by Scott Ross at One Wisconsin Now suggests the state will spend $250 million to get $181 million in revenue. [People's World]
“Talk about the ‘art of the deal,’” Ross said in a statement. “The prospect this secret deal is the best thing for Wisconsin taxpayers is, to say the least, slim. [Bloomberg]
‘Wisconsin Would Get $181 Million a Year in State and Local Tax Revenue, and We Only Have to Pay $250 Million a Year to Get It’
Wisconsin has a hard-working workforce and limitless potential if we believe and invest in ourselves. Or we can join a desperate race to the bottom. [Capital Times]
Scott Walker’s signature promise was to create 250,000 jobs in Wisconsin in his first term. He fell nearly 50% short of that goal.