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: 0) by Anonymous Coward on Sunday August 20 2017, @01:47AM (2 children)
Assuming in-state construction contractors, they'll take around $1B back in tax before the plant is even complete. The contracts for service companies with this plant will be ongoing and attract more inward investment.
(Score: 0) by Anonymous Coward on Sunday August 20 2017, @04:38AM (1 child)
So they give some corporation $3B to collect $1B in tax revenue from construction companies? Awesome math skills. Follow the money and see where the kickbacks go.
(Score: 1, Insightful) by Anonymous Coward on Sunday August 20 2017, @09:10PM
They could pay $3B to the construction companies to build some infrastructure. Those companies would then pay taxes and employ more people, and good infrastructure could support more local businesses to get even more taxes...