Ron Johnson: “We're running a $1,300 billion deficit a year.”

“And Larry, you know what? You know how much that would raise in the first year if we raise taxes on people making over $200,000 on an individual … We're running a $1,300 billion deficit a year. … activity in the Senate to try and forestall that. Let me just. Possibility. Let me, I want to focus down on this. We've talked about this this week.” (02:10–02:15)

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.