Posting on ghost and internal boards should now work HOWEVER, links will not while an issue with recaptcha (antispam) is worked out

Okay...NOW /vp/'s images should be restored, an interrupt to the copy left a lot out that should now be there.

min 25 years to break even for WI taxpayer subsidy to Foxconn for factory

No.167789 ViewReplyOriginalReportDownload thread
MILWAUKEE -- Wisconsin taxpayers won't break even on the proposed Foxconn deal for at least 25 years. Non-partisan budget analysts at the Capitol said Tuesday, August 8th that's only if Foxconn keeps its commitment to build a $10 billion plant and hire 13,000 people. If people from Illinois make up more than 10 percent of Foxconn's workforce, or if the company falls short of 13,000 employees, taxpayers won't be made whole until beyond 2045. The analysis got to lawmakers Tuesday, two days before a planned committee vote. Democrats said the new details made them more likely to vote no.

>"I think we really need to put the brakes on this, really slow down and vet this bill to make sure we get the right deal for Wisconsinites," Rep. David Crowley, D-Milwaukee said.

>Governor Scott Walker responded by comparing the Foxconn deal to the Green Bay Packers signing DE Reggie White -- calling both "transformational." Walker said the deal is about more than the effect on tax revenue.

>Foxconn was the focus of a town hall meeting in Milwaukee Tuesday night -- where some asked whether it's worth it.

>The meeting was hosted by Rep. Jonathan Brostoff, D-Milwaukee, who doesn't like the deal to bring Foxconn to Wisconsin.

>"I just don't know how it can be done right," a speaker said.

>"I want ironclad guarantees. I want a piece of that man's flesh if they back out of here," a speaker said.

>After the announcement Foxconn could create up to 13,000 jobs in SE Wisconsin, some were skeptical Tuesday about the potential deal that lured the electronics manufacturer.

>"It turns out the more details that come out, the worse this deal looks," Brostoff said.

>Brostoff said a tax incentives package that could reach up to $3 billion isn't worth it.