State Senate Passes Foxconn Package

State Senate Passes Foxconn Package”

The Wisconsin Senate approved almost $3 billion in cash payments for Foxconn Technology Group on Tuesday, while also giving the Taiwanese company a slightly less expedited path to the state Supreme Court for certain legal challenges related to a planned massive electronics manufacturing factory. He says he believes Foxconn will honor its commitment to invest $10 billion to build the plant, as the company creates jobs.

While the state Assembly previously passed the bill, it will also need to act on changes made to the Foxconn package before the bill can go to Governor Scott Walker for his signature.

Senators debated the Foxconn incentives package for more than seven hours, with lawmakers on both sides of the aisle delivering passionate speeches.

"This is the largest state giveaway to a foreign corporation in the nation's history", said Senate Democratic Leader Jennifer Shilling, of La Crosse.

The Wisconsin Senate is poised to approve almost $3 billion in cash payments for Taiwan-based Foxconn Technology Group to locate a flat-screen factory in the state. The plant would be the first American manufacturing facility for Foxconn, a Taiwanese company that makes iPhones and other electronics.

In return, the state would provide $3 billion in incentives over 15 years.

The tax credits will be refundable, meaning any amount by which they exceed Foxconn's tax liability - expected to be near zero - would be refunded to the company in cash.

Sen. Jon Erpenbach, D-Middleton, said the bill puts too few stipulations on Foxconn in exchange for a massive payout from taxpayers.

"Taxpayers know it's going to cost them $3 billion but they have no idea what they're buying", said Sen.

"What if we don't take this opportunity?" Shilling and Sen. Janet Bewley, D-Delta, said their constituents in northern and western Wisconsin, hundreds of miles from the likely Foxconn site, overwhelmingly oppose the bill.

Democratic amendments would also strengthen environmental protections.

During Tuesday's debate, Senate Democrats proposed a slew of amendments to the bill. Foxconn would be allowed to build in wetland and waterways and construct its 20-million-square-foot (1.86-million -square-meter) campus without first doing an environmental impact statement.

Democratic Sen. LaTonya Johnson of Milwaukee urged Republicans not to vote for the incentives package, in part, because estimates show it would take the state 26 years to recoup the $3 billion. The requirement had been added last week by the Legislature's budget committee. Under the change senators passed Tuesday, the Supreme Court would have the option to take an appeal, but would not be required to hear it.

Republicans plan to change a provision in a $3 billion incentive package for Foxconn Technology Group that originally would have given the electronics giant an expedited track to the Wisconsin Supreme Court.

The Wisconsin Supreme Court is controlled 5-2 by conservative justices.

Democrats blasted that change, saying the state should not change its judicial process to accommodate a single corporation.

Like this


13 September 2017
Chicago Bulls: Could Dwyane Wade be traded instead of bought out?
As his minutes dropped for the fourth consecutive year, so did his assists at 3.8 per game. James posted a video of him working out with Wade on Instagram on Tuesday.

13 September 2017
Former Alabama LB Reuben Foster to miss time due to injury
With further examination on the injury expected, a more clear timetable for his return will be announced in the coming days. Despite his best efforts, the Panthers created pressure and dominated the line of scrimmage throughout the game.

13 September 2017
Tennessee sends 151 responders to help in Florida hurricane
As of 6 a.m., over 5.7 million customers were without power in Florida - that's roughly 58 per cent of all customers in the state. Also, hurricane force winds will reach Miami and surrounding areas as early as Saturday night. "It's so dark in here", he said.

13 September 2017
Joseph Gordon-Levitt named for Star Wars: The Last Jedi cameo
Along with Looper , Levitt has also starred in Johnson's directorial debut film Brick , which was released in 2005. Star Wars: The Last Jedi is set to hit United Kingdom cinemas on December 15.

13 September 2017
Two missing after auto in Christchurch lake
Mr and Mrs Ram moved from Fiji to New Zealand a couple of years ago after marrying in February 2016, family members told Stuff. He would not confirm what led to the crash, but some media have reported the woman was being given a driving lesson.

13 September 2017
Jone Jones's B Sample Before UFC 214 Confirms Failed Drug Test
Results of the B sample are often seen as a formality, considering how rare it is for them to contradict the A sample. Jones is widely regarded as one of the best fighters in the history of combat sports, if not the overall best.

13 September 2017
Rebel Wilson wins huge payout from Woman's Day over 'liar' stories
Dr Matthew Collins, QC, for Wilson, argued her $7 million damages claim was particularly conservative. A jury had decided that Wilson was defamed in eight articles calling her a serial liar.

13 September 2017
Soyuz spacecraft lifts new crew to space station
A spacewalk, aimed at improving communications in the Russian segment of the ISS, is also part of the program. Two of those crew members who will be spending five months onboard are NASA astronauts.

13 September 2017
ESPN responds to Jemele Hill calling Trump 'a white supremacist'
Jemele Hill is used to expressing her opinion, but ESPN would like her to tone down her political rhetoric on Twitter. He is unqualified and unfit to be president.

13 September 2017
Irma Leaves Flooding and Destruction Across Florida — Surveying the Damage
Tommy Nevitt carries Miranda Abbott, 6, through floodwaters from Hurricane Irma on the west side of Jacksonville, Fla., on Monday. At one point, Irma's reach extended from South Florida to Jacksonville, its girth eclipsing the size of the state itself.