Wisconsin Republicans Defending $3 Billion Foxconn Giveaway

Eric Boehm:

The deal with Foxconn already looks bad for the state—the subsidies promised by Walker amount to $230,000 per job, and that’s if Foxconn follows through with its promise to create 13,000 jobs in the state. Already, Foxconn seems to be backing away from that pledge, saying last month that it may have to import Chinese workers to fill some roles at the yet-to-be-built facility.

The newly elected Governor-elect, Democrat Tony Evers promised to review the deal but Republicans in the legislature are trying to pass bills to protect the Foxconn deal, among other things.

This is the crony capitalist approach to state-level governance.

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