MADISON, Wis. (AP) — The Latest on the Wisconsin state Assembly debate of $3 billion Foxconn bill (all times local):
Wisconsin Republicans say they are not moving too quickly on a bill that would extend up to $3 billion in tax breaks to Taiwan-based electronics giant Foxconn Technology Group to locate a massive $10 billion factory in the state.
The state Assembly scheduled a vote on the measure Thursday, just three weeks after it was introduced. Assembly jobs and economy committee chairman Rep. Adam Neylon says the bill has been improved to include changes Democrats wanted, including $20 million for job training and improved environmental regulations.
Republican Assembly Speaker Robin Vos predicted the bill would pass on a bipartisan vote. Many minority Democrats have been outspoken against the measure.
The bill must also pass the Senate and be signed by Gov. Scott Walker before becoming law.
The Wisconsin Assembly plans to approve a $3 billion tax break bill for Taiwan-based Foxconn Technology Group to build a new display panel factory in the state.
The incentive package up for a vote Thursday would be the largest in state history and the biggest to a foreign company in U.S. history. Democratic critics have said the state is giving away too much, while Republican backers, including Gov. Scott Walker, say it’s a once-in-a-lifetime opportunity.
A deal signed by Walker and Foxconn officials call for the electronics giant to invest $10 billion in the state and hire up to 13,000 people at the massive plant. Construction would begin in 2020.
Critics say they worry about environmental regulations waived under the bill and the cost of the tax breaks.