Tags: foxconn | wisconsin | bill | tax break | taiwan

Wisconsin Assembly Passes $3B Foxconn Bill

Wisconsin Assembly Passes $3B Foxconn Bill
Wisconsin state Assembly Speaker Robin Vos joins with fellow Republicans to defend a $3 billion tax break package for electronics giant Foxconn Technology Group that the Assembly was set to pass on Aug. 17, 2017, in Madison, Wis. (AP Photo/Scott Bauer)

Friday, 18 August 2017 07:37 AM

6:20 p.m.

The Wisconsin state Assembly has passed a $3 billion tax break package for Taiwan-based electronics giant Foxconn Technology Group.

The bipartisan vote Thursday now sends the bill to the Senate, where it must also pass in identical form before it goes to Republican Gov. Scott Walker.

The Assembly passed the measure on a 59-30 vote, with three Democrats joining 56 majority Republicans in support. Twenty-eight Democrats and two Republicans voted against it.

The vote comes just three weeks after President Donald Trump and Walker announced the deal for Foxconn to invest up to $10 billion on a display panel manufacturing facility in Wisconsin. It could employ up to 13,000 people, an opportunity that Trump and Walker have described as transformational.

But opponents question the cost to taxpayers and weakening of environmental protections.

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6:20 p.m.The Wisconsin state Assembly has passed a $3 billion tax break package for Taiwan-based electronics giant Foxconn Technology Group.
foxconn, wisconsin, bill, tax break, taiwan
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2017-37-18
Friday, 18 August 2017 07:37 AM
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