The state Senate today approved 20-13 an amended $3 billion incentive package for the Taiwanese tech company Foxconn, with GOP Sen. Robert Cowles opposing it and Dem Bob Wirch voting for the proposal.
Democrats called it a corporate giveaway to a foreign company, slamming projections that the state wouldn’t break even until fiscal year 2042-43 if Foxconn meets its promise to create 13,000 jobs, the vast majority filled by Wisconsin residents, and build its pledged $10 billion facility in southeastern Wisconsin.
But Republicans hailed it as a “transformational” deal that would make Wisconsin a leader in high-tech manufacturing — with spillover effects across the state and job opportunities for Wisconsin residents.
In a statement, Gov. Scott Walker thanked the Senate for supporting the bill and “opening the door to 13,000 good-paying, family-supporting jobs.”
I’m fascinated by the Democrats’ calculation to almost universally oppose this deal. It’s an extremely risky proposition that rests on the hope that the whole thing falls apart. But if it works out and there is a tremendous job-creating boom in SE Wisconsin, the Democrats can’t even try to claim any of the credit. They will just be the folks who fought against it.