State Representative Janel
Foxconn Ė Beware of False
Narratives and Misleading Headlines:
In the next few weeks, the
Wisconsin State Legislature will be voting on a package
of incentives that will pave the way for the largest job
creating Greenfield investment in the history the
country. There is no doubt in my mind that the
pro-business, pro-jobs leadership of President Trump and
Governor Walker is a game changer for Wisconsin. Foxconn
is proposing a $10 billion manufacturing plant that in
the end could create both directly and indirectly,
22,000 well-paying jobs. Of course there are the
naysayers. Let me address some concerns.
1. Foxconn is getting taxpayer dollars.
receiving tax credits for every job they create over
$30,000. The incentive is capped at $1.5 billion. If
they donít create the jobs, they donít receive the tax
credits. Wisconsin needs to attract business
development and providing incentives is the nature of the market today.
If we want these kinds of investors, we need to compete.
However, it is time Wisconsin lawmakers consider
lowering tax rates for everyone.
2. We are waving environmental protections for
air and water.
Nothing could be
further from the truth. All environmental protections
remain in place and Foxconn will be required to follow
all laws regarding clean air and clean water. The
proposal will streamline the permit process and
eliminate duplicate efforts. There already are
conversations taking place to reform these protections
for all Wisconsin businesses.
3. The Legislative Fiscal Bureau (LFB) says it
will take 25 years to breakeven with this incentive
is about creating jobs and boosting the Wisconsin
economy. The LFB is in the business of making
projections about the future based upon several unknown
variables, 25 years is the worst case
scenario. The value of moving people from dependency to
good paying jobs cannot be measured by the LFB. The 25
year projection is meaningless for both the 22,000 families
who will be directly affected by the Foxconn investment
and the tens of thousands more that will reap the
benefits of a thriving economy.
Foxconn -It's about Jobs and