January 29, 2018 –A new Legislative Fiscal Bureau document reveals that the potential costs of public assistance for Foxconn have risen to about $4.5 billion. Our analysis of the LFB figures shows that more than $1 billion of those costs has no direct tie to job creation.
August 21, 2017 — The proposed package of incentives aimed at encouraging Foxconn to build a manufacturing facility in southeast Wisconsin could cost the state more than $3 billion in the next 15 years. This analysis summarizes five of the reasons why the proposed deal is a poor use of public resources.
August 17, 2017 — Using two less optimistic sets of assumptions about the jobs created by Foxconn, our calculations show that the proposed Foxconn subsidies might never be offset by increased state tax revenue.
February 2, 2017 — A tax credit that allows manufacturers and some other businesses to pay next to nothing in income taxes has ballooned far beyond original cost estimates and is slanted to favor a small group of wealthy claimants. Most of the credit goes towards reducing income taxes for millionaires, with some tax filers with incomes of over $1 million receiving tax cuts of more than $100,000.