Every citizen of Wisconsin is paying $519 so Trump could have this press conference

[Mainecat]

Every citizen of Wisconsin is paying $519 so Trump could have this press conference

The president is taking credit for a massive taxpayer giveaway to Foxconn.

 

CREDIT: AP Photo/Alex Brandon

President Trump celebrated and took credit for Foxconn’s pledge to build a major LCD plant in Wisconsin during a White House ceremony on Wednesday.

With Gov. Scott Walker (R), House Speaker Paul Ryan (R-WI), and Sen. Ron Johnson (R-WI) by his side, Trump said that “if I didn’t get elected, [Foxconn Chairman Terry Gao] would not be spending $10 billion.”

“His great company has seen our — you know, you see exactly what I’m saying — our administration’s work to remove job-killing regulations — he’s been watching — to institute Buy American and Hire American, and all of those policies, and to pursue the steps necessary to revitalize American industry, including repealing and replacing Obamacare — we better get that done, fellas, please,” Trump said, according to the White House’s website.

While the plant will create about 3,000 jobs, Trump and Walker claim that when construction work is factored in, the project could create as many as 13,000. But those jobs come at a huge price. Before plans for the plant move forward, Wisconsin lawmakers will have to approve a public subsidy package of up to $3 billion.

Bloomberg reports that “[a]t $519 per citizen, it would have been cheaper to buy an iPhone for every man, woman and child in the midwestern state… Wisconsin is paying as much as $1 million per job, which will carry an average salary of $54,000.”

The Milwaukee Journal-Sentinel notes that the subsidy package is nearly 50 times larger than any other offered in state history, and “would total more than the combined yearly state funding used to operate the University of Wisconsin System and the state’s prison system.”

Specifics of the deal aside, it’s unclear whether Trump should even be taking credit for it. At far back as late 2013, Foxconn was planning to open a manufacturing plant in the U.S. The company, which has a poor record on workers’ rights issues, struck a tentative a deal with the state of Pennsylvania to build a plant there in November of that year, but plans fell through. Talks with Pennsylvania continued until early this year.

But Trump — who hasn’t shepherded a single major piece of legislation through Congress yet and is hungry for wins — touted the deal anyway.

Wisconsin Rep. Jimmy Anderson (D) views things differently than Walker and Trump. In a press release headlined “Foxconn Should be Paying Wisconsin to Access the Greatest Workforce on Earth,” Anderson writes that “Wisconsin taxpayers should not be subsidizing private corporations at the expense of our children, schools, and roads.”

 

“The Republican-controlled legislature and Governor Walker have consistently asked you to tighten your belt or have rejected other opportunities to create family-sustaining jobs, but when a multinational corporation wants a multibillion-dollar handout, Governor Walker more than bends over backwards,” Anderson continues.

The Foxconn deal is far from the first time Trump has taken credit for job announcements that were in the works well before he took office. As ThinkProgress detailed in April, Trump did the same thing following announcements from Intel, Exxon, Toyota, Charter, Ford, and SoftBank.

On the other hand, Trump was silent last week when Carrier laid off 338 employees at its Indianapolis plant — cuts that came months after then-President-elect Trump held a news conference at the plant and applauded himself for striking a deal that provided the company $7 million in state incentives to save about 800 jobs from outsourcing.

https://thinkprogress.org/every-citizen-of-wisconsin-is-paying-519-so-trump-could-have-this-press-conference-7680f7f59944

[Momorider]

FAKENEWSMAINECUNT strikes again  

[Kivalo]

This thread will invariably backfire on you, MC.

 

[Sleepr2]

Think progress 

[Mainecat]

1 hour ago, Kivalo said:

This thread will invariably backfire on you, MC.

 

No its a 3 billion dollar backfire on taxpayers

[SnowRider]

Welfare? 

[Momorider]

2 minutes ago, Mainecat said:

No its a 3 billion dollar backfire on taxpayers

 and  from FAKENEWSMAINECUNT, all the senile fuck posts 

[JEFF]

Now MC. Let's imagine your brother in law was going to build a new building for his printing business. The town he's in now won't give any property tax relief to stay there but just up the road in NH a town will give him 10 years at a discounted rate. What should he do?

[Sleepr2]

Suddenly the Liar is concerned about taxpayers money

[Mainecat]

Corporate welfare on display and its OK with the fuckin right wing goons here. God forbid someone hungry buys a steak with a EBT card though.

 

3 Billion dollar tax giveaway and the taxpayers have no fuckin say

[Ez ryder]

so mainecunt tell us this.

is Wisconsin paying 3 billion or are they not charging a tax for said number of years . there is a huge diff . I honestly do not know so you tell me. 

and if it is a tax free deal then exactly what is your prob with it? 

if wi is using existing tax money to give to them I am 100% not for it 

[Mainecat]

1 hour ago, Ez ryder said:

so mainecunt tell us this.

is Wisconsin paying 3 billion or are they not charging a tax for said number of years . there is a huge diff . I honestly do not know so you tell me. 

and if it is a tax free deal then exactly what is your prob with it? 

if wi is using existing tax money to give to them I am 100% not for it 

Its corporate theft and your OK with it...lmao

The Milwaukee Journal-Sentinel notes that the subsidy package is nearly 50 times larger than any other offered in state history, and “would total more than the combined yearly state funding used to operate the University of Wisconsin System and the state’s prison system.”

Edited July 27, 2017 by Mainecat

[Ez ryder]

7 minutes ago, Mainecat said:

Corporate welfare on display and its OK with the fuckin right wing goons here. God forbid someone hungry buys a steak with a EBT card though.

 

3 Billion dollar tax giveaway and the taxpayers have no fuckin say

no they should not buy steak or cigs of airline tix or anything but fokd  for the kid . and if they are not severely disabled fuck them let em starve after there 6month limit I think assistance should be 

Edited July 27, 2017 by Ez ryder

[racer254]

Keep buying those apple products!!!!  LOL.

 

BTW: The agreement gives Foxconn up to $3 billion in state tax breaks over a 15-year period.

Edited July 27, 2017 by racer254

[Ez ryder]

3 minutes ago, Mainecat said:

Its corporate theft and your OK with it...lmao

corporate theft ? buy building a plant creating jobs that did not exist before and getting a tax break for a said number of yeArs. yes 100% for it and will stand up in any room and say it with pride

 

and you still have not awnsered the question .

well both questions remain open to you

Edited July 27, 2017 by Ez ryder

[Sleepr2]

6 minutes ago, Mainecat said:

Corporate welfare on display and its OK with the fuckin right wing goons here. God forbid someone hungry buys a steak with a EBT card though.

 

3 Billion dollar tax giveaway and the taxpayers have no fuckin say

More libtard talking points from DUh underground   

[racer254]

How do you get to $3 billion in tax breaks?

According to a handout from WEDC, the $3 billion of incentives would come entirely from state tax breaks:

• Up to $1.5 billion in state income tax credits for job creation
• Up to $1.35 billion in state income tax credits for capital investment
• Up to $150 million in sales taxes the company would avoid paying for construction supplies

WEDC said Foxconn can only reach the maximum incentives package if it creates 13,000 jobs at an average salary of $53,875 and spends $10 billion in Wisconsin. There are no details available yet about what milestones the company would have to hit in order to access smaller tax breaks.

What if Foxconn doesn't create the jobs it promises?

WEDC said the state's contract with Foxconn will contain clawbacks that force the company to pay back tax credits if the jobs and investments are taken from Wisconsin.

[BOHICA]

Democrats on a state level hold the record for corporate welfare.  Walker corporate welfare is a drop in the bucket compared what democrats do/did in there states for large corporations

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-boeing-washington-20170503-story.html

[ActionfigureJoe]

foxconn isn't coming to wisconsin. 

[Sal Rosenberg]

9 minutes ago, ActionfigureJoe said:

foxconn isn't coming to wisconsin. 

 

Neither is anybody else , that place sucks

[ActionfigureJoe]

3 minutes ago, Sal Rosenberg said:

 

Neither is anybody else , that place sucks

depends on where you are 

[racinfarmer]

15 minutes ago, Sal Rosenberg said:

 

Neither is anybody else , that place sucks

The snowmobiling is pretty good.

[Ez ryder]

On 7/27/2017 at 2:31 PM, Mainecat said:

Its corporate theft and your OK with it...lmao

The Milwaukee Journal-Sentinel notes that the subsidy package is nearly 50 times larger than any other offered in state history, and “would total more than the combined yearly state funding used to operate the University of Wisconsin System and the state’s prison system.”

hay duck cheese still waiting on why this tax credit is a bad thing for WI or the USA?

[ActionfigureJoe]

walker is running around looking more down's syndrome as ever. he really thinks foxconn would come to a state where people still drink pabst? the only chance of it making it is if wisconsin taxpayers bankrolls the operation and then foxconn hires out of illinois. 

[Stephen Hawking]

On 7/27/2017 at 3:29 PM, Mainecat said:

Corporate welfare on display and its OK with the fuckin right wing goons here. God forbid someone hungry buys a steak with a EBT card though.

 

3 Billion dollar tax giveaway and the taxpayers have no fuckin say

*cough cough*  prevailing wage law