MacIver Institute
Press Release

MacIver Institute Reminds Wisconsin Why Kimberly-Clark Bailout Is a Bad Idea

"The proposed ‘pay-to-stay’ incentives package is a bad idea and it’s poor public policy."

By - Nov 14th, 2018 09:56 am

MADISON – The Joint Committee on Finance today will consider an incentives package for paper products manufacturer Kimberly-Clark. In response, MacIver Institute President Brett Healy issued the following statement:

“The proposed ‘pay-to-stay’ incentives package is a bad idea and it’s poor public policy. It makes no sense to use taxpayer money to convince a company to retain workers when Wisconsin’s unemployment rate remains at an all-time low. While it’s never welcome news when a company announces layoffs, employers across the Badger State are in desperate need of skilled manufacturing workers.

“We were told the Foxconn package was a once-in-a-lifetime opportunity to recruit a new industry and a new business to Wisconsin.

“This incentives package would set the troubling precedent of using the Foxconn template for what amounts to a taxpayer bailout of a company struggling with long-term marketplace challenges. Wisconsin taxpayers cannot afford to give the once-in-a-lifetime Foxconn treatment to every business out there.

“This does not make fiscal common sense.”

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.

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