[ Originally published on this site as post ]

This week, the electronics manufacturing giant Foxconn unveiled its plans to build a massive factory in Wisconsin to make flat-screen displays—evidence, the White House proclaimed, of both an American manufacturing renaissance and the economy-boosting prowess of the new administration. “To make such an incredible investment, Chairman Gou put his faith and confidence in the future of the American economy,” President Trump said, referring to Terry Gou, Foxconn’s chairman. “If I didn’t get elected, he definitely would not be spending $10 billion.”

But Foxconn has more than faith and confidence drawing it to House Speaker Paul Ryan’s district in Wisconsin. It has up to $3 billion in tax breaks, to be passed and provided by the state government. Those kinds of tax