US Senator from Wisconsin Johnson Calls for Tax Relief for Megadonators – WIZM 92.3FM 1410AM


MADISON, Wisconsin (AP) – Republican U.S. Senator Ron Johnson of Wisconsin lobbied for tax relief in 2017, resulting in hundreds of millions of dollars in deductions for the megadoners who funded his campaigns, according to a report released Wednesday by the nonprofit investigative journalism organization ProPublica. .

Johnson went from being an opponent of Trump’s massive tax cut bill to a supporter after securing more generous tax cuts that resulted in more than $ 79 million in savings. tax for two of its largest donors in 2018 alone.

Democratic Senate candidates running to take on Johnson next year took to the report, calling it beholden to vested interests and corrupt. Johnson, in a statement Wednesday, defended his decisions as having “nothing to do with a donor or discussions with them.”

“As someone who has spent 31 years building a successful manufacturing business in Wisconsin, I have long said that our tax system needs to be simplified and streamlined,” Johnson said in the statement.

Johnson lobbied then-President Donald Trump to relax tax relief for companies known as pass-throughs. In these businesses, owners pay taxes on their profits to individuals and not to businesses. Johnson pushed for the bill to increase deductions from 17.4% to 23%; the final figure was 20%, reported ProPublica.

The ProPublica report cites official emails and calendars showing Johnson also lobbied senior Treasury Department officials on the matter.

Even though the Trump administration has defended the transfer provision as a tax break for small businesses, confidential tax records obtained by ProPublica have shown that it has greatly benefited two families, both worth billions, which figure among Johnson’s biggest donors.

Packaging giant Uline’s Dick and Liz Uihlein, as well as Diane Hendricks, founder of roofing company ABC Supply, together benefited from $ 215 million in tax deductions in 2018 thanks to the changes Johnson pushed, according to the ProPublica report. These deductions resulted in tax savings of more than $ 79 million for the two families in 2018 alone, according to the report.

The Uihleins and Hendricks paid more than $ 20 million to groups supporting Johnson’s re-election campaign in 2016. Johnson has yet to say whether he will run for a third term in 2022.

Messages left with Uline and ABC Supply requesting comment from the Uihleins and Hendricks were not immediately returned on Wednesday. Neither has commented on ProPublica for their story.

Johnson said his support for middleman companies, which he said make up over 90% of businesses, was driven by his desire to make them competitive with other C companies.

Democrats seeking to topple Johnson took to the report.

“We always knew Ron Johnson sold his vote on the Trump tax scam, now we know he did it specifically for his two biggest campaign backers,” said Alex Lasry, who is in leave from his managerial job for Milwaukee. Roe deer.

Lieutenant Governor Mandela Barnes, another Democratic Senate candidate, called Johnson’s decision “shameful.” Sarah Goldewski, state treasurer and candidate for the Senate, called it “the definition of corruption”. Tom Nelson, the Outagamy County executive and Senate candidate, called Johnson a “corrupt errand boy for the most dangerous people in our country.”

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