The Trump White House on Wednesday claimed a great “job creation” victory upon announcing that Wisconsin had struck a deal with Taiwanese electronics manufacturer Foxconn to build a new plant in the Badger State.
But here’s what Trump and Wisconsin Governor Scott Walker downplayed in their announcement: the deal requires that Wisconsin taxpayers hand over $200,000,000-per-year to Foxconn for up to 15 years — $3 billion, carried on the backs of Wisconsin’s working families.
“This is another lousy deal for working people from a President who only looks out for his own bottom line,” said American Bridge Vice President Shripal Shah. “Rather than focus on concentrated investment in infrastructure-building and long-term, stable job creation — or making much-needed investments in our schools and healthcare system — Trump is instead forking over $3 billion in taxpayer dollars to a foreign company with a reputation for stilting workers and breaking job-creation promises. The country deserves better.”
Milwaukee Journal Sentinel: Foxconn could get up to $200 million in cash a year from state residents for up to 15 years