$3 Billion Foxconn Boondoggle Sells Out Wisconsin’s Future to Foreign Corporation
"Plainly and simply, the Foxconn giveaway is a bad deal for the people of Wisconsin."
MADISON – Representative Lisa Subeck (D-Madison) released the following statement regarding today’s upcoming vote on Special Session Assembly Bill 1, which provides a $3 billion subsidy to the Taiwanese company, Foxconn.
“Governor Walker and Republicans are poised to hand over $3 billion in corporate welfare and roll back laws that protect our environment in an attempt to woo a foreign company with a spotty track record to our state.
Plainly and simply, the Foxconn giveaway is a bad deal for the people of Wisconsin. With its unprecedented $3 billion price tag under which, even in the best-case scenario, Wisconsin taxpayers will not break even until 2043, the cost is just too high.
Imagine how $3 billion could be used to fund neighborhood schools, higher education, vital infrastructure, or health care for our most vulnerable residents. This bad deal makes it crystal clear that Governor Walker and Republicans in the Legislature are willing to sell out Wisconsin’s future to a foreign corporation.”
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
More about the Foxconn Facility
- With 1,114 Employees, Foxconn Earns $9 Million in Tax Credits - Joe Schulz - Dec 13th, 2024
- Mount Pleasant, Racine in Legal Battle Over Water After Foxconn Failure - Evan Casey - Sep 18th, 2024
- Biden Hails ‘Transformative’ Microsoft Project in Mount Pleasant - Sophie Bolich - May 8th, 2024
- Microsoft’s Wisconsin Data Center Now A $3.3 Billion Project - Jeramey Jannene - May 8th, 2024
- We Energies Will Spend $335 Million on Microsoft Development - Evan Casey - Mar 6th, 2024
- 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
Read more about Foxconn Facility here
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