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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 driverless on Sunday August 20 2017, @12:19PM (1 child)

    by driverless (4770) on Sunday August 20 2017, @12:19PM (#556658)

    I'll improve on your bid by offering $2.8B.... wait, hang on, if we keep doing this eventually WI may actually break even. How about we both offer $2.8B and split the difference? That way it's still several hundred million each, and my accountant knows how to launder it via Ireland so it's all tax-free.

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  • (Score: 0) by Anonymous Coward on Sunday August 20 2017, @04:40PM

    by Anonymous Coward on Sunday August 20 2017, @04:40PM (#556715)

    You guys are forgetting the most important part of the deal - funneling 25% of the $2.8b back into the reelection campaign funds of Walker & the rest of the GOP.