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Wisconsin Lawmakers Vote to Provide up to $3B in Subsidies to Foxconn.

posted by martyb on Saturday August 19 2017, @11:52PM   Printer-friendly
from the Politics dept.

Whoever writes:

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.

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  • (Score: 2) by tibman on Sunday August 20 2017, @04:53AM (2 children)

    by tibman (134) Subscriber Badge on Sunday August 20 2017, @04:53AM (#556595)

    They seem to be about half democrat and half republican. Looks like 5 Republican and 3 Democrat congressmen right now. 1 Republican senator and 1 Democrat senator. Trump won over Hillary but only by ~23,000 votes. That's damn close.

    I agree that paying Foxconn is stupid. But saying it's because they elected ONLY republicans is wrong.

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  • (Score: 5, Informative) by tonyPick on Sunday August 20 2017, @09:18AM (1 child)

    by tonyPick (1237) on Sunday August 20 2017, @09:18AM (#556630) Homepage Journal

    But saying it's because they elected ONLY republicans is wrong.

    From TFA

    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.

    • (Score: 0) by Anonymous Coward on Sunday August 20 2017, @02:33PM

      by Anonymous Coward on Sunday August 20 2017, @02:33PM (#556691)

      Three Democrats joined 56 Republicans

      See? Both sides are responsible. Just like all sides are responsible for the violence at protests!!!!111!1

      Oh gawd MAGA! MAGA! TRUMP 2020!!!!11111!!11