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Ron Johnson: “We have to reduce the regulatory burden costs $1.8 trillion…”

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

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Senator Johnson on The Kudlow Report Jan 7, 2014

Published | Video Starts at 01:50

But Senator Johnson, as a former CEO yourself, what would you do to really put some torque into the job story so we don't have to worry about extending benefits? Well, We have to reduce the regulatory burden costs $1.8 trillion per year to comply with. That's a number that's larger than all but 80 economies in the world have to do that. We have to have a competitive tax environment. You mentioned Keystone XL pipeline. (01:50–01:56)

CLAIM

Asserts that regulatory compliance costs $1.8 trillion annually.

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