Foxconn Giveaway is Bad for Wisconsin Taxpayers
(Madison)—“As someone who helped Marinette Marine land the Navy LCS contract that created thousands of new jobs in Northeast Wisconsin and around the state, I am supportive of responsible efforts to create jobs regardless of which party those ideas come from.
“Unfortunately, the deal negotiated by Governor Walker and Senate Republicans is short on protections and long on risks to the taxpayers of the 30th Senate District who will be forced to contribute up to $90 million as their share of nearly $3 billion in cash payments to Foxconn, a $100 billion corporation based in Taiwan and China. That’s nearly $500 for every person and $1200 for every family of four in our district.
“The Governor and Republicans are quick to say we can’t afford to make very minimal investments to help the nearly 1 million Wisconsin residents refinance their student loans at lower rates or help nearly 1.5 million private workers save for retirement. But no sooner does a billionaire show up with their hand out, they can’t give away our money fast enough.
“The Governor used to say that the people know better how to spend their money than the government does. Except when it comes to giving one of the wealthiest people on Earth a few billion dollars of other people’s money. Never mind that $500 or $1200 for a family could go a long way to helping them make ends meet, or help pay for technical college or job training. When it comes to helping average folks or rich billionaires we now know who the Governor and Republicans truly care about.
“Make no mistake, this is the largest taxpayer giveaway in U.S. history. And despite the claims of supporters, it comes with very few guarantees that Foxconn will uphold their end of the agreement. In fact, Foxconn thinks so little of the people of our state that they couldn’t even bother to show up at one of the two public hearings on this deal to answer questions, ensure they will be accountable to the taxpayers, or even just say thank you.
“P.T. Barnum must be laughing.”