July 28, 2017

The New York Times: Wisconsin’s Lavish Lure for Foxconn: $3 Billion in Tax Subsidies

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Big companies like Foxconn possess leverage to extract concessions from state governments that smaller firms cannot, said Carl Davis, research director at the nonpartisan Institute on Taxation and Economic Policy in Washington.

“This is not a comprehensive strategy for economic development,” he said. “If Wisconsin were going to offer this kind of subsidy for every employer within its borders, the state would be bankrupt.” Read more