Worldwide

USA senator questions whether Wisconsin should bear full Foxconn cost

USA senator questions whether Wisconsin should bear full Foxconn cost”

Critics of the deal have questioned whether the state should offer so much to the Taiwan-based company.

"I ask that we take a deep breath, slow this down a bit and enter into further discussions to come up with the best deal possible", said Rep. Tod Ohnstad, a Democrat from Kenosha near where the plant may locate.

Approval by the Republican-controlled committee would set up a vote by the full Assembly on Thursday.

Republicans defended the deal as a once-in-a-lifetime opportunity.

"This is an investment that makes sense, and we can not look the other way and let this go by", said Rep.

Democrats have said majority Republicans are moving too quickly on the measure, which would waive a host of state environmental regulations and requirements in addition to extending billions in tax breaks.

The proposal must clear both the state Assembly and Senate in identical form and be signed by Gov. Scott Walker before taking effect.

The debate on the bill is expected to last more than seven hours.

Should Wisconsin be the only state making a major investment in the proposed Foxconn factory? "I think it's important that legislators listen to what the constituents - the people they represent - have to say about this bill because it's their money that we're investing". It also is considering a secondary site in Dane County, a Democratic stronghold.

According to the Legislative Fiscal Bureau, it would take 25 years for Wisconsin taxpayers to recoup the value of the incentives needed to bring Foxconn to the state.

The Republican businessman says the huge plant in far southeastern Wisconsin likely would provide jobs for many IL residents.

Late Monday afternoon the the Assembly Committee on Jobs and the Economy gave its okay on a party line vote. The new version retains the tax breaks but ties them to jobs created that pay at least $30,000 and exempts salaries over $100,000 from the calculations.

Johnson raised the question since IL workers would also benefit from the plant, which is expected to be built in southeast Wisconsin near the border.



Like this

loading...
loading...

Latest


29 March 2018
Max Polyakov: The Knowledge Economy and its Opportunities for Businesses
Knowledge should be the fundamental aspect of any production process, as well as it should be used in every technological process. Furthermore, the USA accounts for more than a quarter of the world economy (24.8%); the cash equivalent is about 18 trillion USD.

15 March 2018
Server Requirements for Mass Mailing
The first means that the error occurred on the receiving side: maybe the client's account was blocked, or something else happened. Running your own email server may sound like a science fiction, and it may seem that it’s impossible to handle such thing.

16 August 2017
Facebook will be making a few design change over the coming weeks
A few months after Twitter tweaked the look of its feed , it's now Facebook's turn to make some mostly cosmetic changes. Facebook plans to improve how people navigate News Feed to create a more consistent experience.

16 August 2017
Energy Transfer Equity, LP En (NYSE:ETE) Sees Significantly Lower Trading Volume
Finally, Atlantic Trust Group LLC increased its position in shares of Energy Transfer Equity, L.P.by 16.6% in the first quarter. In recent trading day Energy Transfer Partners, L.P. ( ETP ) stock showed the move of 0.62% with the closing price of $19.63.

16 August 2017
Athens: Wildfire sends residents packing to the beach
A smoky haze from the blaze that started Sunday hung over much of Athens , while ash drifted throughout the capital. Greek civil protection authorities on Monday declared a state of emergency on the Ionian island of Zakynthos Island.

16 August 2017
Chargers' Denzel Perryman, Mike Williams Injury Updates
Lynn remains encouraged by Williams' progress, but the seventh overall pick last spring is still not ready to contribute. Toomer spent his first two National Football League seasons in Bradley's defensive scheme with the Seahawks .

16 August 2017
Baron Corbin Fails to Successfully Cash in Money in the Bank Contract
Jinder isn't surprised by the crowd's reaction and he tells them they shouldn't be surprised when he beats John Cena tonight. The Money in the Bank Contract has been a guaranteed championship victory since its inception as a WrestleMania exclusive.

16 August 2017
Uber says sorry to LTFRB for 'misunderstanding'
Malacañang said there must a balance between innovation and laws as it stood firmly behind the LTFRB. In an e-mail to its users, Uber said it stopped operating at 6am yesterday.

16 August 2017
Lululemon to open in Detroit in September
Started in 1998 and now a publicly trade company, Lululemon helped to popularize the high-end yoga trousers trend of recent years. The storefront exterior is covered in Lululemon-branded signs stating it will open in fall 2017.

16 August 2017
Cardinals unable to cool Red Sox's bats in 10-4 loss
The Boston Red Sox have been flying high the past few weeks as they attempted to extend their lead in the American League East. After winning eight straight the Cardinals have dropped back to back contests with Monday's 10-4 defeat at Boston .