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Ron Johnson: “$150 million is what they're going to save.”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Sen. Johnson on CNBC's Squawk Box

Published | Video Starts at 07:33

That's the effect of this thing. So they either invert, they actually buy a foreign company and then invert or a foreign corporation will buy them because it's math. $150 million is what they're going to save. You know, if you're a responsible corporate manager, how can you not take that type of move? So I don't blame the corporations. I blame our completely uncompetitive and broken tax system. (07:33–07:36)

CLAIM

Asserts that companies save $150 million by inverting or being purchased by foreign companies.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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