POST Online Media Lite Edition



 

Wisconsin Assembly passes $3 billion for Foxconn

Staff Writer |
The Wisconsin Assembly approved a $3 billion tax break with bipartisan support for Taiwan-based Foxconn Technology Group to build a massive display panel factory in the state, a project President Donald Trump touted as a transformational for the U.S. economy.

Article continues below






Foxconn announced three weeks ago it planned to invest $10 billion in Wisconsin on the first liquid crystal display panel factory located outside of Asia.

The company, which employs about 1 million people in China, said it could eventually hire 13,000 workers at the Wisconsin facility.

As part of the deal, the Wisconsin Legislature must approve the $3 billion incentive package by the end of September.

Democratic critics, who didn't have the votes to stop the incentive package or the project, argued Thursday that the proposal should be improved to add more protections for taxpayers, workers and the environment.

They also said Republicans, who control the Legislature, were moving too quickly in voting for the bill less than three weeks after it was introduced.

"Usually if you rush things, FYI, it means the deal stinks," said Democratic Rep. Gordon Hintz, an opponent of the project who noted that Foxconn has made promises to build factories elsewhere and never followed through.


What to read next

Mobile boarding passes for 91% of airlines by 2017
Wisconsin farmers produce record 6m barrels of cranberries
Wisconsin cranberry industry in survival mode