Paul Ryan Challenger Opposes $3 Billion Corporate Handout to Foxconn
WI-01 Candidate, Cathy Myers, Rejects Foxconn Deal Due to Cost, Transparency, and Environmental Concerns
Democratic Congressional Candidate Cathy Myers, who is challenging Speaker Ryan to represent Wisconsin’s First Congressional District, announced her opposition to the $3 billion Foxconn proposal today.
“We need jobs, but not at this price. The $3 billion public handout to a foreign corporation is unprecedented and we need legitimate legislative oversight to ensure that this deal will not cripple our economy for the next generation,” Myers said.
After expressing her initial concerns about the $3 billion public subsidy in a live video on August 3, 2017, Cathy Myers has officially opposed the deal with the first vote scheduled for 3 PM today in the Wisconsin Assembly Committee on Jobs and the Economy.
“We must protect Lake Michigan. This deal exempts Foxconn from completing a required environmental impact study and from other reasonable environmental rules meant to protect our cherished natural resources and the local residents that would be affected by this development,” Myers continued.
It has been reported that the Foxconn deal will not be paid off until 2042. Assuming the deal creates the 13,000 jobs it promises, it will still cost over $230,000 per job created.
Cathy Myers is the only candidate running to represent WI-01 that has publicly opposed the deal.
Cathy for Congress
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.
More about the Foxconn Facility
- Foxconn Will Get State Subsidy For 2022 - Joe Schulz - Dec 11th, 2023
- Mount Pleasant Approves Microsoft Deal on Foxconn Land - Evan Casey - Nov 28th, 2023
- Mount Pleasant Deal With Microsoft Has No Public Subsidies - Evan Casey - Nov 14th, 2023
- Microsoft, State Announce Massive Data Center Expansion, Land Purchase - Joe Schulz - Nov 11th, 2023
- Gov. Evers Announces Microsoft Makes Major Investment in Wisconsin - Gov. Tony Evers - Nov 10th, 2023
- State Can’t Regulate We Energies $100 Million Project for Microsoft - Joe Schulz - Sep 20th, 2023
- Foxconn Selling Green Bay, Eau Claire ‘Centers’ - Joe Schulz - Aug 16th, 2023
- Murphy’s Law: Foxconn Deal Is Still Costing Taxpayers - Bruce Murphy - Jul 6th, 2023
- Microsoft Will Pay $50 Million For Mount Pleasant Data Center Site - Evan Casey - Apr 20th, 2023
- Microsoft Data Center Proposed for Foxconn Land - Evan Casey - Mar 29th, 2023
Read more about Foxconn Facility here
Mentioned in This Press Release
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Foxconn is a foreign Company, they are only here for the tax breaks and massive profits they will reap for it. The 13k jobs it will (maybe) create will likely never repay the $3B tax credits given to Foxconn, in income tax from those jobs. And watch, in 2040 it will shut down their operations and leave WI with massive profits in hand.
I live in Virginia (near Charlottesville), so WI may say I have no stake here in y’alls jurisdiction. I beg to differ, the current WI 01 Representative Paul Ryan is also Speaker of the House. Ryan has done a piss poor job in Uniting the Republicans on Certain Significant Legislation. More than once he tried to push inadequate plans (neither side liked it) to repeal the ACA, no start on tax issues and so on. I don’t know how Ryan was re-elected last go around.
I don’t know if Cathy Myers is the answer to Ryan. Please Wisconsin, think more carefully this time around, don’t put the RINO back into the House of Representatives.