One Wisconsin Now
Press Release

One Wisconsin Now Statements on Gov. Walker Signing Contract to Implement Largest State Giveaway to A Foreign Corporation in U.S. History

‘Literally Signed Away Our Future’

By - Nov 10th, 2017 03:04 pm
Foxconn Jet. Photo by Jeramey Jannene.

Foxconn Jet. Photo by Jeramey Jannene.

MADISON, Wis. — Today, Gov. Scott Walker signed a contract to implement a deal that is the largest state giveaway to a foreign corporation in history — a deal that commits state and local taxpayers to nearly $4 billion in subsidies to bring a factory run by Taiwanese electronics manufacturer Foxconn.

The following are the statements of One Wisconsin Now Executive Director Scot Ross:

“Today Scott Walker literally signed away our future, agreeing to a contract to send billions of our tax dollars to boost the bottom line of a foreign corporation. Billions that could have instead been invested in our Main Street businesses and Wisconsin entrepreneurs, in restoring the cuts he made to our public schools, universities and technical colleges, or in repairing crumbling roads and bridges around the state.

Recent public opinion polling has found widespread opposition to the Foxconn deal and deep suspicion about Gov. Walker’s political motivations in concocting the corporate giveaway. Opposition to Walker’s giveaway is little surprise given that the deal:

  • Fails to protect taxpayers from paying for jobs for Illinois workers: There is nothing in the proposal that guarantees workers in the new plant come from Wisconsin, meaning taxpayers will be subsidizing jobs for workers from Illinois and other states;
  • Fails to pay off: Figures from the independent Legislative Fiscal Bureau show that even with the rosiest projections and complete suspension of disbelief, it would take at least 25 years for the state to break even on the project. In fact, taxpayers will get $181 million a year in tax revenue but have to pay $250 million a year;
  • Fails to protect workers: Foxconn Chair Terry Gou, who has a net worth of well over $10 billion, referred to his employees as “animals” and had an actual zookeeper train his senior management. Yet the bill contains no provisions to protect workers’ rights as Americans to choose to form a union;
  • Fails to protect communities from pollution: The bill would exempt Foxconn from state environmental regulations requiring environmental analysis of the project and protecting wetlands and other waterways;
  • Fails to protect Wisconsinites’ right to their day in court and respect our judicial system: A special process is created for lawsuits on the Foxconn project, lower court rulings could be immediately stayed upon appeal and could be expedited for review by the Wisconsin Supreme Court, which is controlled by Republicans following $9 million in spending by the pro-Foxconn Wisconsin Manufacturers & Commerce.

One Wisconsin Now is a statewide communications network specializing in effective earned media and online organizing to advance progressive leadership and values.

More about the Foxconn Facility

Mentioned in This Press Release

People: , ,
Organizations:
Government:

Recent Press Releases by One Wisconsin Now

One Wisconsin Now

Free Speech Crackdown on Agenda for University of Wisconsin Board of Regents Meeting

Oct 8th, 2019 by

Regents Seem More Interested in Pandering to Right-Wing Politicians Than Protecting Free Speech

One Wisconsin Now

Crises Collide: Low Teacher Pay Intensifies Student Loan Debt Crisis for Educators

Oct 1st, 2019 by

Financial Pressures Weigh on Teachers Considering Quitting and Debt Discourages Students From Pursuing Careers in K-12 Education

One Wisconsin Now

Unsealed Memo Exposes Student Loan Servicer Navient Pushing Payment Plans Driving Borrowers Deeper Into Debt

Sep 26th, 2019 by

Another Example System Stacked Against Borrowers and Why Reform Desperately Needed

2 thoughts on “One Wisconsin Now Statements on Gov. Walker Signing Contract to Implement Largest State Giveaway to A Foreign Corporation in U.S. History”

  1. myfivecents says:
    November 13, 2017 at 9:34 am

    Selling out America to foreign interests. Soon we will all be owned by foreigners.

  2. will says:
    November 13, 2017 at 1:11 pm

    To give a foreign company 4 billion dollars of state taxpayers money is nuts in itself. The Taiwanese company right now is building a plant as large as this one in Wisconsin and will be opening soon. Wisconsin will not compete with slave labor and workers dying by jumping from their factoies. Wisconsin taxpayers will also be building housing for their foreign engineers on site at this compound. Will this factory have walls like their plants to keep workers their to work? Finally, these TVS will be obsolete in the near future. GOP thinks it can stop progress but they will go the way of the dinosaurs.

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us