‘…the best available source indicates the $3 billion would be the largest ever subsidy provided by a state to a foreign company.’— PolitiFact, 8/15/2017
MADISON, Wis. — The fact-checking outlet for Wisconsin’s largest newspaper has confirmed One Wisconsin Now’s figures that Gov. Scott Walker’s $3 billion subsidy for Foxconn would be the largest award by a state to a foreign company in American history.
“Every member of the state legislature can explain to their constituents why they want $3 billion to go to the company of a foreign billionaire to be located along the Illinois border and with no guarantee jobs will go to Wisconsin workers,” said Scot Ross, One Wisconsin Now.
Just last week, the fact-checkers also confirmed One Wisconsin Now’s numbers that the Foxconn scheme will generate $181 million yearly in tax revenue at a cost of $250 million in tax revenue yearly.