Now that the Foxconn deal has been approved, maybe the opposition can reflect on its efforts to stop it.
I’m sure those critics of the tax credits do not themselves accept tax credits, such as for IRA contributions, or the earned income credit, or the child tax credit when they file their tax returns. That is taking money that can be used for schools and roads. That would be hypocritical, and the opposition should have leveraged that in their argument.
I’m also sure those critics do not believe in nor have 30-year home mortgages. If 25 years is too long for Wisconsin to recover on this investment, certainly they wouldn’t expect a lender to wait 30 years to recoup its investment on a mortgage. That would be hypocritical and the opposition should have leveraged that in their argument.
Is it now time for the opposition to pursue legislation for eliminating all future tax credits? Is it now time to pursue legislation that establishes a “reasonable” time for a return on investment? The letters to the editor in the State Journal over the last few months would indicate yes.
Dean McGuire, Madison