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Ron Johnson: “My concern with any kind of temporary tax decreases is I…”

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

Ron Johnson at Budget Committee -- March 15

Published March 15, 2011 | Video Starts at 03:55

Okay. One of the in terms of your solutions in terms of getting economic growth was a temporary payroll tax holiday. My concern with any kind of temporary tax decreases is I think the history proves those are generally just saved. versus a long term solution. I just kind of like your comments on that. Well, let me say two months ago or two and a half months ago or three. (03:55–04:02)

CLAIM

Asserts that temporary tax decreases are generally saved rather than spent.

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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Ron Johnson

“In 2008, according to the Tax Foundation, the top 1% paid 38% of the total income tax.”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 07:45-07:52
“The top 5%, almost 60% [of the total income tax].”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 07:51-07:54
“The top 50% paid 97% of all income tax.”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 07:54-07:58
“One of the ways you get economic growth is to restore confidence.”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 00:51-00:55
“The fact that we're still toying around with funding this fiscal year's budget is just amazing to me.”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 00:55-01:04
“The House has proposed a $61 billion cut to real spending.”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 01:04-01:12
“I believe that [a $61 billion cut] would be a real confidence boost.”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 01:11-01:14
“Isn't one of our problems that we've actually narrowed the tax base?”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 08:05-08:10
“One of the things you're trying to do with the national sales tax is actually broaden [the tax base].”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 08:09-08:14