5 ms·
>>As part of the agreement, Foxconn was set to receive subsidies ranging from $3 billion to $4.8 billion (paid in increments if Foxconn met certain targets), wh
by frankbreetz 7y ago
>>As part of the agreement, Foxconn was set to receive subsidies ranging from $3 billion to $4.8 billion (paid in increments if Foxconn met certain targets), which would be by far the largest subsidy ever given to a foreign firm in U.S. history.
https://en.m.wikipedia.org/wiki/Foxconn%27s_Wisconsin_plant https://en.m.wikipedia.org/wiki/Foxconn%27s_Wisconsin_plant
Why should Americans cares how there tax dollars are spent, right?
- champagneben 7y ago>if Foxconn met certain targets Have they been met? Has it been a net negative from the taxpayers' standpoint?
- mburns 7y agohttps://www.cnbc.com/2020/04/09/foxconn-says-it-met-hiring-targets-in-wisconsin-now-it-wants-its-money.html https://www.cnbc.com/2020/04/09/foxconn-says-it-met-hiring-t...
- kgermino 7y agoThere are two issues: 1. Foxconn claims that the targets have been met, but the empty buildings obviously make some petiole suspicious. 2. There was also a lot of subsidies and government spending based on the deal that is not tied to the targets. This was mostly at the local level (which __really__ can not afford it without the project going as expected) but the state had some too
- briffle 7y agoNot every tax credit had the targets set. The environmental laws changed for the site are vague enough that anything they decide to do there is okay, and many people lost their homes due to condemnation to clear the land, and roads for the plant. (Plus all the money already spent to upgrade roads, freeway off-ramps, power, and utilities in a very rural area.