Sunday, October 21, 2018

Foxconn frights and other cartoonish corporate giveaways in Wisconsin

Great series of cartoons in the Progressive on Foxconn. You can click here for the full series, but here are a few of them.




Let me also remind you that in addition to these advantages, tax handouts and subsidies, Wisconsin taxpayers are also shelling out for Walker officials making campaign stops informational sessions around the state to tout Foxconn as a business partner.

Foxconn also is slated to get checks from the State Treasury because their corporate taxes were already near-zero under prior Walker/WisGOP tax cuts. Which brings me to another cartoon from Isthmus's Alan Talaga, who says that we should have concerns for the oligarchs that might have to pay a little more in taxes if Tony Evers is able to repeal "The Big Giveaway" (aka the Manufacturing and Agriculture tax credit) for Wisconsinites and businesses that make $300,000 or more.


Last week also featured Foxconn Days at UW-Madison, where the corporation got free PR and connections to UW-Madison Engineering students in exchange for the possibility of Foxconn giving a matching donation to UW. Talaga notes that a main beneficiary of this recycling of tax dollars through Foxconn (and positive PR that comes with it) will be...Foxconn.

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