The lawmakers in Wisconsin voted in favor of an incentives package worth up to $3B for Foxconn. The total value of the package depends on the number of jobs that Foxconn creates in the state, so, effectively, the state is paying about $500,000 for each new job.
Most of the incentive is in the form of cash payments from the state to Foxconn, not just tax waivers. The cost to the residents of the state is about $1,200 per household.
(Score: 2) by Whoever on Sunday August 20 2017, @01:12AM (1 child)
Yeah, where are the posters from when this topic came up earlier, who claimed that Wisconsin couldn't lose on this deal, because any extra tax revenue was a net increase in tax revenue for the state?
In other words, where are the people who denied earlier that the state was actually paying Foxconn?
(Score: 2) by Whoever on Sunday August 20 2017, @03:13AM
I see the cowards don't want to admit how wrong they were. Apparently, the truth (that this is simply crony capitalism and will likely never pay back) hurts.