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Legislators Should Fully Vet Foxconn Deal

Posted by Laura Kiefert, Green Bay Progressive
Laura Kiefert, Green Bay Progressive
Laura Kiefert lives in Howard and is a Partner in the Green Bay Progressive. Mem
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on Saturday, 05 August 2017 in Wisconsin

walker-terry-gou-foxconnRhetoric from Foxconn cheerleaders on deal may be too good to be true and $3 Billion is a lot to spend on vague promises.

HOWARD, WI - While President Donald Trump, Gov. Scott Walker, and U.S. Rep. Paul Ryan are busy celebrating and advertising the Foxconn deal toboost their re-election campaigns, others are looking more closely at the deal and finding things to be concerned about – like the fact that the Taiwan-based electronics giant is one of the world’s most brutal employers, notorious for driving workers to suicide.

They are now poised to reward Foxconn with a whopping $3 billion “incentive” package — the largest in Wisconsin history – with the bulk of this subsidy being paid out in cash.

Reports from economic development specialists say that incentives like these for Foxconn are a waste of money for state and local governments.

Promises of family-sustaining wages are often forgotten by major corporations once the public funding is in hand, and Foxconn is undergoing a major automation plan that might very well leave those hired at lower wages without jobs at all within 15 years.

Finally, the big question remains whether Foxconn can be counted on to hold up its end of the deal and keep its promise to invest $10 billion in Wisconsin in exchange for $3 billion in state tax incentives.

Legislators would be wise to fully scrutinize the agreement in terms of jobs, wages, and the state’s capacity to provide services as it shells out $3 billion to Foxconn.

Things that appear too good to be true, generally are.

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Laura Kiefert lives in Howard and is a Partner in the Green Bay Progressive. Members of FaceBook can follow her at My Truth and Anti-Alternative Facts , @mytruthandantialternativefacts.


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