Michigan offered Foxconn a deal that would have let them keep the portion of workers' state income tax that they're supposed to send directly to the state. Seriously, the workers still pay the tax, but Foxconn gets to keep it. And that still wasn't enough to beat Wisconsin. And I'm glad we "lost" that rivalry. Pay taxes to a private company? Fuck you. Eventually something's gotta give with respect to how states compete with each other. Texas is the great example. The "Texas Miracle" was a result of no taxes, no workman's comp, no environmental regulation, and look where it's gotten them: an environmental catastrophe with no state money to clean up. I don't want my state to be the next "miracle". Ever.
They can DO that? Seriously? We need a 24/7 watchdog on whoever proposed that idea. Their pocket is likely already lined with corruption bux.Michigan offered Foxconn a deal that would have let them keep the portion of workers' state income tax that they're supposed to send directly to the state. Seriously, the workers still pay the tax, but Foxconn gets to keep it.
As I understand it, they wrote the bill to say that any company who creates x number of jobs between years such and such would qualify, conditions that no companies other than foxconn could qualify for. That way it wasn't a company specific bill, even though it was.