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Wisconsin Assembly approves $2.85 billion Foxconn incentive package

Wisconsin Assembly approves $2.85 billion Foxconn incentive package

The Wisconsin Assembly sent a $3 billion incentive package for Taiwan-based Foxconn to Gov. Scott Walker this week, signing off on a deal to lure the electronics giant to the state with the biggest subsidy to a foreign company in USA history. Wisconsin competed with several other states to land the massive Foxconn factory which will make liquid crystal display panels. Prevailing wage requirements, meanwhile, lay out a minimum wage for workers on state construction projects. Luther Olsen says there are 19 GOP votes for the plan.

A last-minute deal reached with Gov. Scott Walker and three holdout Republicans to pass the state budget Friday includes promises of vetoes to bring the reluctant lawmakers on board, one of the senators involved with the deal said. The budget was due July 1 but Republicans spent the summer quarreling among themselves over how to pay for roads before finally arriving at a plan to delay projects, borrow $400 million more and increase registration fees for hybrid and electric vehicles by $100. The Senate must pass an identical document before it can go to Gov. Scott Walker's desk.

"If a Democratic governor negotiated this deal, you would be falling all over yourselves to vote yes", Assembly Speaker Robin Vos said. Vos likened the Senate GOP demands for changes to a "ransom note" and said the Assembly would not be "held hostage". Democrats are united against it.

The Assembly passed the budget 57-39 Wednesday evening after 11 hours of debate.

Walker talked about the budget Wednesday in a conference call from South Korea where he is on a trade mission.

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Democratic Senate Minority Leader Jennifer Shilling said the fact that the Republicans had difficulty getting the needed 17 votes "demonstrates the dysfunction that's happening, the inability to govern".

High cost transportation aid is in that budget.

The bill would exempt Foxconn from some state rules protecting wetlands and waterways, provisions that environmental groups say they'll challenge in court.

The senators on Friday say that was part of a series of vetoes Walker promised to make to the budget to win their support. Senate Majority Leader Scott Fitzgerald said Tuesday he does not yet have the needed 17 votes to pas the budget.

Democrats don't have the votes to stop it. He is praising the plan that passed the Senate Friday night for sending $639 million more to K-12 schools while also slightly reducing property taxes.