Reply to post: Context

Foxconn and Wisconsin reach new deal to do something different at Donald Trump's favourite (flop of a) factory



"[Democratic Party] governor who once said $3bn subsidy plan was a con now thinks it 'works for taxpayers'"

Unsurprising to anyone who paid attention to the text of the original agreement, in which the state of Wisconsin assumed very little risk.

Foxconn agreed to use their own money to build infrastructure and facilities on low-value land in exchange for reduced tax on things like building materials. They also agreed to train and hire employees in a weak sector of the state's economy in exchange for a reduced tax rate on that portion their payroll.

The state government would have lost nothing if the project failed, and only offered to forgo part of the revenue windfall if it succeeded.

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