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’
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.
“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.
- Hintz Doubts Foxconn Electric Car Project - Corri Hess - Mar 2nd, 2021
- Murphy’s Law: The Foxconn Real Estate Show - Bruce Murphy - Feb 25th, 2021
- Murphy’s Law: Local Costs for Foxconn Cut By 2% - Bruce Murphy - Feb 8th, 2021
- Foxconn Sued for Breach of Contract - Corri Hess - Feb 4th, 2021
- Vos and Wanggaard Continue to Gaslight Public on Foxconn Development - A Better Mt. Pleasant - Feb 3rd, 2021
- Murphy’s Law: Robin Vos Will Solve Foxconn Fiasco - Bruce Murphy - Feb 2nd, 2021
- Murphy’s Law: 9 Reasons a New Foxconn Contract Is Unlikely - Bruce Murphy - Dec 21st, 2020
- Audit Says Foxconn Loophole Needs a Fix - Corri Hess - Dec 9th, 2020
- Back in the News: Residents Outraged by Foxconn Fiasco - Bruce Murphy - Dec 8th, 2020
- Back in the News: Foxconn Landing Google Contract? - Bruce Murphy - Nov 23rd, 2020
Read more about Foxconn Facility here
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