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Ron Johnson: “Raising taxes on people making over $200,000...would raise…”

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

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Senator Johnson Discusses the 'Fiscal Cliff'

Published | Video Starts at 02:01

You know, the thing that they're all about is punishing the success. And Larry, you know what? You know how much that would raise in the first year if we raise Raising taxes on people making over $200,000...would raise about $34 billion. Compare that to the 1,300 billion dollars deficit we're running a year. Incredibly reckless. But yeah. So, yeah, I'm not seeing a whole lot of activity in the Senate to try and forestall that. (02:01–02:09)

CLAIM

Asserts that increasing taxes on individuals earning over $200,000 would generate approximately $34 billion in revenue.

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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