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Ron Johnson: “This really doesn't change much because they will still pay…”

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

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Sen. Johnson on CNBC's Squawk Box

Published | Video Starts at 06:59

Just because you've given huge tax breaks to this company, right, over the years. I haven't given huge tax breaks to anybody. No, the fact, the fact your state has. This really doesn't, This really doesn't change much because they will still pay US tax in Wisconsin tax on their US operations. And by the way, because of our uncompetitive tax system, those overseas profits aren't taxed anymore. Would you include any type of exit tax? What do you mean by exit tax? (06:59–07:05)

CLAIM

Asserts that companies will still pay US and Wisconsin taxes on their US operations despite changes.

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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