Ron Johnson: “The booming economy was the holdover from Reagan's tax cuts.”

“The President's plan takes us back to the Clinton era tax rates when we had a booming economy and a budget surplus. The Bush kinds of tax rates that you're suggesting. The booming economy was the holdover from Reagan's tax cuts. that created all these entrepreneurial success stories. And that's why Clinton was able to get away with inching up tax rates for a brief moment in time.” (05:16–05:20)

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