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Wisconsin, Foxconn Negotiate Smaller Deal for Electronics Plant


The ongoing push-and-pull between the state and the Taiwanese tech outfit has resulted in an agreement greatly reduced in scale since the initial deal celebrated by former President Donald Trump in 2017.
FILE – In this June 28, 2018 photo, President Donald Trump takes a tour of Foxconn with Foxconn chairman Terry Gou, right, and CEO of SoftBank Masayoshi Son in Mt. Pleasant, Wis., in 2018. (AP Photo/Evan Vucci, File)
MILWAUKEE (CN) The state of Wisconsin and Foxconn Technology Group announced on Tuesday details of a renegotiated contract for an electronics plant in the southeastern part of the state, arriving more than four years and multiple setbacks after the parties initially agreed to a much larger deal. ....

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An Opening, "No-Change" Audits, A Veto, and A Deal


An Opening, “No-Change” Audits, A Veto, and A Deal
Senate Democrats may be settling on a 25 percent corporate tax rate. The news service Axios reports that a growing number of Senate Democrats are looking at raising the corporate tax rate from 21 percent to 25 percent. The rate was first floated by swing Democrat Joe Manchin and would be lower than the 28 percent proposed by President Biden. However, Biden has expressed a willingness to compromise on some details of his American Jobs Plan infrastructure proposal.  
Will corporate America accept a tax increase?
The Washington Post reports on an effort by the White House to make the most of tension between corporate America and the Republican Party. Biden is betting that big business won’t throw its weight behind GOP efforts to block his proposed increase in corporate taxes. White House officials have been making a direct pitch to business groups for Biden’s infrastructure plan funded by a higher corporate taxe ....

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