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Ron Johnson: “If you're a global company... are you going to site your…”

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

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Chairman Johnson's remarks at the HSGAC hearing on regulatory reform

Published | Video Starts at 02:25

And Senator Portman had a great hearing here on the uncompetitive nature of our tax system in his Permanent Summit Committee on Investigations. So we have an uncompetitive tax system. For example, If you're a global company... are you going to site your plant in Toronto with the top business tax rate of 15% or Detroit at 35%? at 35? As Senator Claire McCaskill said in that hearing, it's just math. It's simple math. We have to benchmark that. And then the whole purpose of this hearing is the regulatory environment. (02:25–02:37)

CLAIM

Asserts that Toronto has a 15% business tax rate compared to Detroit's 35%.

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