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Ron Johnson: “80% of incomes over a million dollars show business income.”

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

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Senator Johnson on Squawk Box

Published | Video Starts at 05:14

So you don't want to do anything to harm that. And that's why tax increases. How the Democrats want to pay for this? They want to tax millionaires. Well, what are millionaires? Out 80% of incomes over a million dollars show business income. So you are taxing small to medium sized business people that actually create the jobs in this country or why would you want to do that? (05:14–05:23)

CLAIM

Asserts that 80% of tax returns showing incomes over a million dollars report business income.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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