Critics ask: What’s the financial fallout if Foxconn fails to live up to ‘the hype’?

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Since the announcement that Foxconn will build a factory in Wisconsin, the news has been full of numbers: the potential number of jobs created, the billions Foxconn will invest and the billions in tax incentives. Critics want to know which estimates will become real, as well as what happens if the numbers fall flat. > Cap Times

Is Wisconsin offering to pay more than it will collect in taxes to land Foxconn? Politifact checks the numbers.

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It’s been reported that Wisconsin taxpayers would pay up to $250 million a year to get the Foxconn manufacturing plant, but get back only $181 million a year in tax revenue. PolitiFact Wisconsin digs into the numbers and finds the claim is half-true, which is also half-false.

NY Times: ‘Wisconsin’s lavish lure for Foxconn’

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Foxconn’s plan for a $10 billion factory in Wisconsin is certainly good news for President Trump, Gov. Walker and Speaker PaulRyan, whose district the plant would call home. But the deal comes with a heavy price tag for Wisconsin taxpayers: $3 billion in tax credits that dwarf the typical incentive companies receive from local governments. > New York Times

Republican lawmakers want to change the way Wisconsin taxes its residents

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Within the state Legislature — with its largest Republican majority in decades — momentum is growing behind what could amount to significant changes to the way Wisconsin taxes its residents, including an effort to move the state toward a flat income tax and a proposal to eliminate the personal property tax. > The Cap Times

PolitiFact: Walker’s claims ‘mostly false’ about holding the tax line while Milwaukee Co. executive

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Scott Walker still touts his record as Milwaukee County executive, including saying in June: “Eight years in a row we pushed through budgets that did not increase the tax levy from the previous year.” PolitiFact Wisconsin dissects what’s true and what isn’t.

Slice it any of 3 ways and the answer remains: Wisconsin’s wealthy get the most tax relief

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Since 2011, Wisconsin lawmakers have prioritized cutting taxes. According to the Wisconsin Budget Project, no matter which of three methods are used for quantifying who gets the tax cuts, the result is that the highest earners received the largest tax cut and the lowest earners received the smallest. > WisconsinGazette.com

Ryan says ‘death tax’ hurts Wisconsin small businesses, but IRS data shows otherwise

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Advocacy for small business owners is politically shrewd. But whether Republican claims about estate taxes fit the facts is less clear. Democrats counter that it actually penalizes the ultra-rich far more than farmers or small business owners. A recent op-ed by Ryan on the topic provided a petri dish in which ProPublica could test the claims.