Wisconsin Assembly committee approves Foxconn incentives

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FILE – In this May 27, 2010 file photo, a worker looks out through the logo at the entrance of the Foxconn complex in the southern Chinese city of Shenzhen. Wisconsin Gov. Scott Walker says President Donald Trump plans to make a “major jobs announcement for Wisconsin” as anticipation builds it will be about electronics […]

MADISON, Wis. (AP) — A Wisconsin state Assembly committee approved a $3 billion tax incentive package on Monday for Taiwan-based Foxconn Technology Group, the first vote in what could be an intense month of legislative action to quickly pass the massive deal.

The Republican-controlled Assembly’s jobs and economy committee voted 8-5 along party lines to send the bill to the full Assembly, which plans to take it up Thursday. Republican-authored tweaks were approved that attempt to address some concerns raised by critics that the state is giving away too much to win the $10 billion plant that could employ up to 13,000 workers.

But the core of the proposal remains — including $3 billion in tax breaks for meeting investment and employment targets.

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