A Great Win for America and Wisconsin! - Page 2
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Thread: A Great Win for America and Wisconsin!

  1. #11
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    Bump........

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  3. #12
    Senior Member sick lids's Avatar
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    Lots of people working overtime here. Many small construction companies getting a taste of that big project money, along with the big project headaches.

  4. #13
    Senior Member HPL's Avatar
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    Just hope it's not another Solyndra.

    The state of Wisconsin would have to pay a subsidy to Foxconn of up to $250 million each year for fifteen years.[61] An analysis by the Wisconsin State Legislature's nonpartisan budget office determined that state taxpayers would recoup their investment in 2043.[62] In return, the deal would return an estimated $181 million each year. This loss, according to economics professor Michael Hicks, amounts to a payment of $1,200 from each household to Foxconn.[63] Foxconn would also be exempt from an environmental impact statement and be able to avoid several other environmental protection rules that other companies must comply with.[61]

    It isn't clear if the loss represents a $1,200.00/household/annum or if it is $1,200.00/household total. The first would be a crappy deal, the second not so much.

    Last edited by HPL; 06-10-2018 at 10:31 AM.
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  6. #14
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    Quote Originally Posted by road kill View Post
    Didn't even take an hour!
    BUMP

    In less than an hour there were skeptics to your "Great win for America and Wisconsin" ....promise delivered by the Brilliant Scott Walker and the"ART OF THE DEAL" Stable Genius Donald Trump

    You criticized those skeptical naysayers.

    SO how about give us an update on how that "Great win for America and Wisconsin".... is coming along.

    That ought to put those negative naysayers back in their place.

    FAKE NEWS?
    LIES?
    HYPERBOLE?

    The devil's in the details...... regards

  7. #15

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    I see a win for Foxconn and a loss for the taxpayers.

    "The agreement represents an opportunity as well as a risk for Wisconsin — state lawmakers must now consider a subsidy package nearly 50 times bigger than the state's previous record."

    Sound like something only a democrat could love.
    If you are offended by what is said, ask yourself, is it because it was true?

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    Quote Originally Posted by drunkenpoacher View Post
    I see a win for Foxconn and a loss for the taxpayers.

    "The agreement represents an opportunity as well as a risk for Wisconsin — state lawmakers must now consider a subsidy package nearly 50 times bigger than the state's previous record."

    Sound like something only a democrat could love.
    Sounds like something only a hypocritical Republican with TDS would say
    Trump and Walker are Republicans

  9. #17

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    Quote Originally Posted by tigerfan View Post
    Trump and Walker are Republicans
    Good to know, thanks.
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  10. #18
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    i would think the legislators from WI went into this with their eyes shut but without evil intentions.
    Legislators should be restricted from giving gifts to any entity regardless of the cover provided.

    In WA the billionaires have milked a no Sales Tax gimmick to expand exponentially while the little
    folks have to pay full bore for their expansions. Fairness it is not!
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  11. #19
    Senior Member roseberry's Avatar
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    Usually tax concessions are granted only if employment requirements or hurdles are met. I don't know what Wisconsin did but it have been unwise to give away a total tax incentive policy against no documented requirements, I doubt they did that. The state and locals probably met some infrastructure requirements that do have taxpayer cost, but these we're probably a small percentage of the overall incentive package and likely things that needed doing any way from an infrastructure perspective.

    Again, I Have no idea what they did but that's what you usually see?
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  12. #20
    Senior Member sick lids's Avatar
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    Quote Originally Posted by roseberry View Post
    Usually tax concessions are granted only if employment requirements or hurdles are met. I don't know what Wisconsin did but it have been unwise to give away a total tax incentive policy against no documented requirements, I doubt they did that. The state and locals probably met some infrastructure requirements that do have taxpayer cost, but these we're probably a small percentage of the overall incentive package and likely things that needed doing any way from an infrastructure perspective.

    Again, I Have no idea what they did but that's what you usually see?

    Pretty much. A little bit of controversy being that they are contemplating changing what they are planing to manufacture, dependent on other manufactures coming into the immediate area where foxcon is located. There is also a possible shift in play to make a wider range of products that are affected by the tariffs, big surprise. In the meantime they have also been busy buying/leasing office space across the state and want to buy or build a massive distribution hub at the local airport.. This deal has a few other high tech manufactures taking a glance at WI. Hopefully the new governor dose not run them off...

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