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Ron Johnson: “The House has proposed a $61 billion cut to real spending.”

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

Ron Johnson at Budget Committee -- March 15

Published March 15, 2011 | Video Starts at 01:04

From my standpoint, one of the ways you get economic growth is to restore confidence. And the fact that we're still toying around with funding this fiscal year's budget is just amazing to me. So The House has proposed a $61 billion cut to real spending. I believe that would be a real confidence boost. And I just kind of like to get your comment on what's happening currently between the House and the Senate. (01:04–01:12)

CLAIM

Asserts that the House proposed a $61 billion cut to real spending.

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Ron Johnson

“In 2008, according to the Tax Foundation, the top 1% paid 38% of the total income tax.”
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“The top 5%, almost 60% [of the total income tax].”
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“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
“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
“My concern with any kind of temporary tax decreases is I think the history proves those are generally just saved.”
Ron Johnson at Budget Committee -- March 15 | Uploaded March 15, 2011 | 03:55-04:02
“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