Today we released a new television ad statewide, “Looks Out for Us.”
Unlike our opponents, we give Wisconsin citizens a voice in this election. Of course, Ron Johnson doesn’t like the fact that citizens have a voice because he is doing everything in his power to buy the election with his multi-million dollar checkbook and be the only voice in this election.
The problem is Mr. Johnson is talking out of both sides of his mouth and voters are starting to learn that Ron Johnson only looks out for himself and won’t fight for you.
The ad focuses on Russ’s record of supporting tax cuts for 95 percent of Wisconsin working families, and tax credits for over 80,000 Wisconsin small businesses to relieve the burden of rising health care costs. Ron Johnson on the other hand opposes those tax cuts and credit for Wisconsin families and small businesses. He wants to extend tax cuts for millionaires like himself and cut taxes for corporations.
Here are the facts –
Russ supported the American Recovery and Reinvestment Act because after eight years of failed Republican economic policies, combined with the reckless actions of Wall Street, our country was thrown into the worst recession since the Great Depression. The Recovery Act provided necessary investments to help move our economy in the right direction, and more than one-third of the spending in the act was for tax cuts.
Mr. Johnson opposes the tax cuts for 95 percent of Wisconsin working families and would repeal the tax credits for over 80,000 small businesses. In addition, Johnson has announced his support for cutting corporate taxes and extending Bush Administration tax cuts that overwhelmingly benefit the wealthiest one percent of Americans.
Johnson believes that Wisconsin has not benefited from the Recovery Act, saying, “We would have been far better off not spending any of the money and let the recovery happen as it was going to happen.” [Milwaukee Journal Sentinel, 5/15/10]
Johnson also supports cutting the corporate tax rate and extending Bush Administration tax cuts that overwhelmingly benefit the wealthiest one percent of Americans, and believes that these tax cuts can be made permanent without increasing the deficit. However, he has not yet offered a plan to pay for them. [WisPolitics luncheon, 7/26/10]
Russ also supported health insurance reform legislation to provide more choices, more affordability and more protections for Wisconsin businesses. This year, up to 84,395 Wisconsin small businesses could receive tax credits of up to 35 percent of premiums to help make coverage for employees more affordable. The reform legislation also cracks down on insurance companies raising rates on a year-to-year basis due to an employee falling ill.
Johnson has said that repealing health insurance reform, and the tax credits for over 80,000 small businesses in Wisconsin, is his top priority. The Milwaukee Journal Sentinel reported last month that Johnson said, “The U.S. should rip up the recently passed health reform law.” [Vicki McKenna Show, WISN, 5/17/10] and [Milwaukee Journal Sentinel, 7/26/10]
Earlier this year, Russ also voted for the Hiring Incentives to Restore Employment (HIRE) Act, which contains tax cuts and infrastructure investments designed to put people back to work. In addition to creating jobs, the HIRE Act is also fiscally responsible: the new law is fully offset by cracking down on offshore tax shelters and actually reduces the deficit by nearly $1 billion.
And Russ also has introduced a plan for an aggressive payroll tax break that is targeted toward all businesses that hire new employees, increase wages or provide part-time employees full-time work. Earlier this year, the nonpartisan Congressional Budget Office analyzed a tax break similar to Russ’s proposal, and found it would be among the most efficient and effective ways to spur employment.
Last week, when asked by Liz Cheney on Fox News about his legislative priorities if elected, Johnson advocated a complete dismantling of every tax cut enacted since January 2009, and would “wave a magic wand,” to “wipe off the Obama agenda and start over.”
A magic wand?



