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Ron Johnson: “Because of our uncompetitive tax system, those overseas…”

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

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Sen. Johnson on CNBC's Squawk Box

Published | Video Starts at 07:06

No, the fact, the fact your state has. This really doesn't, this really doesn't change much because they will still pay US tax in Wisconsin tax on their US operations. And by the way, Because of our uncompetitive tax system, those overseas profits aren't taxed anymore. Would you include any type of exit tax? What do you mean by exit tax? Hillary Clinton, for example. Oh, yeah. Concerns are penalized them for doing this. (07:06–07:10)

CLAIM

Asserts that overseas profits are no longer taxed due to an uncompetitive tax system.

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