Wisconsin Assembly committee approves Foxconn incentives

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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