Wisconsin Republicans quickly kill Medicaid expansion seattlepi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seattlepi.com Daily Mail and Mail on Sunday newspapers.
Republican leaders reject action on Evers’ latest special session
Governor Tony Evers
Governor Tony Evers on Wednesday morning called a special session of the Wisconsin Legislature to address health care and economic recovery. Within hours, Republican leaders announced they won’t hold votes on Evers’ proposal, the same outcome as all previous special sessions called by the Democratic governor.
“We’re not only going to expand access to healthcare for tens of thousands of people across our state, we’re going to use that $1 billion we’d save and put it toward making sure our economy can bounce back and recover from this pandemic,” Evers said in a statement announcing the special session. “It’s time for Republicans to put politics aside, and let’s work together to invest in economic development and recovery efforts across our state.”
Foxconn Technology Group would receive up to $80 million â not $3 billion â in state tax dollars under a new deal between Wisconsin and the Taiwan-based company for a downsized manufacturing facility in Racine County once touted by President Donald Trump as the eighth wonder of the world.
The amended contract would reduce the potential taxpayer subsidy for Foxconn by $2.77 billion, or about 97%, but also result in the creation of only 1,454 jobs, or about a tenth of the 13,000 in the original contract. Foxconn would make a $672 million capital investment by 2026 in the state under the new contract, rather than the $10 billion pledged originally.
A new agreement between Foxconn Technology Group and the state announced Tuesday dramatically scales back the number of jobs the company promises to create to only 1,454 and reduces the capital investment to a fraction of what was originally promised.
In return, Foxconn stands to receive far less state cash.
The agreement allows for Foxconn to get a maximum of $80 million in tax credits compared to the previous agreement which would have granted the company $2.85 billion in state money if the company met certain hiring and capital investments.
Foxconn four years ago promised to bring 13,000 high-tech jobs to Wisconsin and create a massive Racine County facility that former Gov. Scott Walker and President Donald Trump, both Republicans, heralded as transformational for the state s economy.