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From what I understand, this isn't the case on two points. One, the incentive package includes hundreds of millions in construction (road building, utilities, e
by cauthon 8y ago
From what I understand, this isn't the case on two points. One, the incentive package includes hundreds of millions in construction (road building, utilities, etc) that would otherwise be unneeded and is being paid for out of pocket by the state government instead of Foxconn. Two, because Wisconsin doesn't have a corporate income tax, the subsidies would occur in the form of cash payments to Foxconn that the Walker administration claimed would be repaid via personal income taxes on the new Foxconn workers.
And Wisconsin is on the hook for around ~$1B in cash regardless of Foxconn's actual investments.
https://www.theverge.com/2018/10/29/18027032/foxconn-wisconsin-plant-jobs-deal-subsidy-governor-scott-walker https://www.theverge.com/2018/10/29/18027032/foxconn-wiscons...