Wednesday October 18, 2017

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Republican Budget Week Puts Foxconn Ahead of 850,000+ Wisconsin Students PDF Print E-mail
State & Local
Written by State Senate Democrats   
Sunday, 17 September 2017 09:33

school-bus-kidsGOP budget will take more from Wisconsin taxpayers for Foxconn over the next 8 years than school aid.


MADISON - Ahead of Republican claims about K-12 funding in the state budget, three Democratic leaders pointed out that Republicans voted last week to regularly take more from Wisconsin taxpayers for Foxconn over the next FOUR state budgets than any GOP school aid increase.

“Our Republican colleagues will take to the floor today and tell us a lot about their school aid budget,” Sen. Janet Bewley (D-Delta) said. “What they won’t tell you is that the numbers show clearly where their real priorities are. They’ve made the largest giveaway to a foreign corporation in history a higher priority than 850,000 children of Wisconsin taxpayers.”

walker-terry-gou-foxconnSen. Chris Larson (D-Milwaukee), ranking Democratic member of the Education Committee, Caucus Chair Mark Miller (D-Monona) and Assistant Minority Leader Bewley pointed to a memo that shows GOP-forced taxpayer handouts to Foxconn exceeding the very highest GOP school aid increase in five of the next eight years.

“It’s bad enough that we don’t know how many generations of Wisconsinites are being shackled to this Foxconn handout,” Sen Mark Miller said. “It’s even worse that public education for the first generation that will grow up under this deal is at risk because our Republican colleagues have put Foxconn ahead of schools in Wisconsin communities.”

The legislators released a September 12 memorandum from the Legislative Fiscal Bureau comparing K-12 school aid budgets under Republican leadership and taxpayer expenditures to Foxconn that Republican legislators approved earlier this week.

“Republicans voted this week to put every Wisconsin taxpayer on the hook for Gov. Walker’s handout to Foxconn,” Sen. Larson said. “This memo starts to tell the story of what that $3 billion giveaway will cost our neighbors, our communities, our schools and our children in the budgets ahead.”

 
Wisconsin's $2.85 Billion Gift to Foxconn Breaks Record PDF Print E-mail
State & Local
Written by Janis Ringhand, State Senator Dist 15   
Wednesday, 13 September 2017 10:23

walker-open-businessFoxconn Deal is the Largest Taxpayer Giveaway to a Foreign Company in American History.


MADISON - The Wisconsin State Senate has passed the largest taxpayer funded giveaway to a foreign corporation in the history of the United States. Unfortunately, this is one of the few facts we actually know about the Foxconn corporate welfare package.

Essentially, the proposal is a $2.85 billion gift to Foxconn from Wisconsin taxpayers. Under the package, the details will be worked out in private by the Wisconsin Economic Development Corporation and Foxconn without any public input.

walker-terry-gou-foxconnBefore giving a foreign corporation billions of dollars, we should know where they are going to build. We do not. We should know how many Wisconsin residents they plan on hiring but we do not. Foxconn says they will hire engineers and highly skilled workers, but we don’t know who or where these skilled employees are coming from.

One reason for the many unanswered questions is Foxconn’s refusal to even appear before the legislature. Apparently, being given $2.85 billion and another $150 million in sales tax breaks isn’t enough incentive for Foxconn to show up to answer a few questions or even say thank you.

Under Foxconn’s corporate welfare package, Wisconsin taxpayers will be required to subsidize jobs given to people from Illinois, India, China, or anywhere. There is no requirement that Foxconn hire Wisconsin workers or contractors, yet our taxpayers will be subsidizing every single Foxconn employee no matter where they come from.

According to the nonpartisan Legislative Fiscal Bureau Wisconsin taxpayers will start sending checks directly to Foxconn in 2019. In that year alone Wisconsin taxpayers will give Foxconn over $200 million. That number increases to over $310 million a year in 2022. Taxpayers will continue sending checks to Foxconn until 2033.

If Foxconn actually hires 13,000 people, Wisconsin will not break even on this deal until 2044-45. If they hire fewer employees the breakeven point “would be well past 2044-45” according to the Legislative Fiscal Bureau.

The bill also exempts Foxconn from many state environmental regulations and streamlines the state court process in Foxconn’s favor. This is a one-sided deal that puts future generations of Wisconsin taxpayers on the hook.

I introduced amendments to prohibit Wisconsin taxpayers from subsidizing employees hired from other states and countries, requiring Foxconn to hire Wisconsin contractors to build the facility in order to receive taxpayer subsidies, and to restore our environmental protections. These and many other amendments to protect Wisconsin taxpayers were all rejected on straight party line votes.

I support offering incentives to attract companies who offer family supporting jobs with good benefits. However, the Foxconn bill leaves future generations of Wisconsin taxpayers on the line for $2.85 billion and is far too risky for me to support.

 
WEDC’s Poor Accountability Record Makes Foxconn a Scandal Waiting to Happen PDF Print E-mail
State & Local
Written by Citizen Action of Wisconsin, Robert Kraig   
Wednesday, 13 September 2017 09:39

walker-terry-gou-foxconnIndependent analysis reveals 14,000 jobs deficit for existing corporate tax credits and loans is greater than the direct job creation claim for the Foxconn deal. A full 60% of WEDC-supported corporations have failed to meet job creation goals.

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When “Up” is “Down”, Last Minute Budget Deals Worry Western Wisconsin PDF Print E-mail
State & Local
Written by Kathleen Vinehout, State Senator 31st District   
Tuesday, 12 September 2017 15:54

sand-mining-wiLate night secret dealings. No notice to local elected officials. No local powers to say “no”. Sen. Kathleen Vinehout writes about a last-minute, late-night budget motion to take away local powers to oversee sand mines and quarries in Wisconsin.

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