The Governor has signed the Foxconn bill, so it is now the law.
Take a quick look back through the history, the social media, and the general boondoggle that we have set up for the state. Note that as always the Storify embed is running behind on the new items from today - I'm looking at some newer hipper technology for going forward.
“Friends in the Wisconsin Legislature, we beg you: Sign that bad deal with Foxconn,” recently wrote the Chicago Sun Times editorial board. “It’s the neighborly thing to do.”
The Wisconsin Assembly obliged the Chicago newspaper and recently voted 50-39 to approve the Governor’s deal with the Taiwanese company, Foxconn.
But lawmakers were not voting on the deal itself. Contract negotiations are presumably underway. Legislators who voted on the deal did not see the contract, they do not know the details under negotiation, nor will they approve the final negotiated contract.
Approximately one-third of Foxconn jobs will be filled by people living in Illinois, which means that one-third of the whopping three billion that Wisconsin taxpayers will be spending will be going toward Illinois residents: One billion.
It also means that every dime Illinois Foxconn workers earn will be spent and taxed in Illinois-- not Wisconsin.
Therefore, if we give Foxconn the benefit of the doubt and assume that all 13,000 jobs will be filled, that's 4,333 jobs for Illinois without spending a dime.
MADISON – Today, the non-partisan Legislative Fiscal Bureau released a memo on Governor Walker’s three billion dollar taxpayer funded package for the Taiwanese manufacturer Foxconn. The memo showed that in the best-case scenario, it will take taxpayers until 2043 to recoup three billion dollars of their investment in the foreign corporation. In response, Rep. Gordon Hintz (D-Oshkosh), a member of the budget-writing Joint Committee on Finance, released the following statement:
We've been seeing more and more of this throughout the Walker administration - Public hearings that really don't qualify as public hearings. Yesterday's Foxconn bill public hearing was, as is typical now, stacked. Invited spearkers (meaning those in favor of the bill) spoke for eight hours, from 1:30 to 9:30, and then the public was allowed to testify.
FOR IMMEDIATE RELEASE: Monday, July 31, 2017 CONTACT: Ryan Billingham, Communications Director, Wisconsin League of Conservation Voters, 608-208-1129 (office), 608-213-6972 (mobile/text), or [email protected] Unnecessary to Sacrifice Natural Resources for Foxconn