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State senator introduces a bill to deal with Foxconn's hidden costs

The Foxconn deal with the State of Wisconsin may come with some hidden costs to taxpayers.  A Legislative Audit Bureau found that some of the $1.5-billion in tax credits could be used by Foxconn for work done outside of the state.  Now, 30th District State Senator Dave Hansen is introducing a bill that would change the rules adopted by the Wisconsin Economic Development Corporation for Foxconn. Those rules allow payroll tax credits for "remote' workers, those who work at home or in sales.  Senator Hansen says that goes against what the agreement with Foxconn promised.

 

 

Foxconn promised to create 13,000 jobs and invest $10-billion in an LCD manufacturing center in Mt. Pleasant.  Foxconn has also bought the Watermark Building in Green Bay for what it calls an innovation center.

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