KC Bailout Still a Bad Idea

Agreed.

November 14, 2018 – Milwaukee, WI – The Joint Finance Committee of the state legislature is meeting today to consider a Foxconn-like incentives package for paper products manufacturer Kimberly-Clark. The aim of the bill is to save 600 jobs.

WILL President and General Counsel Rick Esenberg issued the following statement on the plan.

“Wisconsin politicians are trying to have it both ways. They rightfully boast of a positive economic climate with an unemployment rate below 3% for eight straight months.  And they correctly note that this success is a product of getting government out of the way and letting markets work. But at the same time they are considering interfering with the market and paying Kimberly-Clark $100 million to save jobs when the top concern for Wisconsin businesses is a labor shortage.

WILL Director of Public Engagement and Policy Analyst Collin Roth added:

On principle, this plan is wrong. Government shouldn’t pick winners and losers. The market and consumer choice ought to determine the destiny of businesses, not politicians. But given the state of Wisconsin’s economy, this plan is also unnecessary and counter-productive. If Wisconsin can’t pull back from corporate giveaways with a strong economy and a tight labor market, it never will.”

2 Responses to KC Bailout Still a Bad Idea

  1. jjf says:

    Yet WILL’s criticism of Foxconn is sparse and tepid when it’s there.  Unless I missed a press release…

  2. Le Roi du Nord says:

    The headline is a little misleading.  K-C made a $3.3 billion operating profit in 2017.  This proposal isn’t a bailout, but a giveaway.

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