Senator Ron Johnson

So part of the problem with no tax on overtime, first of all, it's no tax on some overtime. So that's going to add to the regulatory burden. I wouldn't want to be the accounting clerk having to keep track of that, but I know with computers it's easier to do so. But in public service employee units, they refuse to go to four shifts. because they like the overtime.

So part of the problem with no tax on overtime, first of all, it's no tax on some overtime. So that's going to add to the regulatory burden. I wouldn't want to be the accounting clerk having to keep track of that, but I know with computers it's easier to do so. But in public service employee units, they refuse to go to four shifts. because they like the overtime.

They should be forced to go to four shifts because they burn out, pay them more. But from my standpoint, having run a continuous shift operation, I think there's enough incentive paying time and a half or double time on Sunday for people to work Income is income. I don't want to segregate. I don't want to socially or economically engineer through the tax code.

They should be forced to go to four shifts because they burn out, pay them more. But from my standpoint, having run a continuous shift operation, I think there's enough incentive paying time and a half or double time on Sunday for people to work Income is income. I don't want to segregate. I don't want to socially or economically engineer through the tax code.

And that's just part of that economic engineering through the tax code. I love the fact we're focusing on working men and women. Great. But I would rather simplify the tax code for them and overall lower their tax burden. But again, lower the rates, broaden the base. But we're not doing that. We lowered the rates and we made it more complex. We did not simplify the tax code in 2017.

And that's just part of that economic engineering through the tax code. I love the fact we're focusing on working men and women. Great. But I would rather simplify the tax code for them and overall lower their tax burden. But again, lower the rates, broaden the base. But we're not doing that. We lowered the rates and we made it more complex. We did not simplify the tax code in 2017.

One of the reasons I actually want a two-step process to simplify and rationalize our tax code.

One of the reasons I actually want a two-step process to simplify and rationalize our tax code.

Well, I've talked to numerous people who benefit from carried interest. I always ask them, can you explain to me why that's not ordinary income? And they can't. It is ordinary income. Speaking to other ones that are pretty big into it, they do make a pretty powerful case that all these deals, all these structures, all these business arrangements are already structured that way.

Well, I've talked to numerous people who benefit from carried interest. I always ask them, can you explain to me why that's not ordinary income? And they can't. It is ordinary income. Speaking to other ones that are pretty big into it, they do make a pretty powerful case that all these deals, all these structures, all these business arrangements are already structured that way.

You can eliminate that break and it's really not going to raise any revenue. They make a reasonably convincing case there too. So that's kind of where we're at on that.

You can eliminate that break and it's really not going to raise any revenue. They make a reasonably convincing case there too. So that's kind of where we're at on that.

Yeah, my guess is just not going to happen. Right. And kind of going the overtime, it's just not that big a revenue generator one way or the other. Might make you feel good. Could screw up the way deals are made. Is it really worth messing with?

Yeah, my guess is just not going to happen. Right. And kind of going the overtime, it's just not that big a revenue generator one way or the other. Might make you feel good. Could screw up the way deals are made. Is it really worth messing with?

Well, I think it's insane that we've been shutting down coal-fired electrical generation. We need a lot of it. I would really focus on nuclear myself. I think that is, you know, if you're concerned about climate change, yeah, I'm not. We'll adapt. But nuclear would be the thing we ought to be pushing. I really don't want to subsidize energy production. I don't want to subsidize anything.

Well, I think it's insane that we've been shutting down coal-fired electrical generation. We need a lot of it. I would really focus on nuclear myself. I think that is, you know, if you're concerned about climate change, yeah, I'm not. We'll adapt. But nuclear would be the thing we ought to be pushing. I really don't want to subsidize energy production. I don't want to subsidize anything.

Again, I want a simple and rational tax story. So my approach would always be to simplify those things. I don't want to pull the rug out from under people. I mean, if we've subsidized things and people made investment based on certain things, kind of respect that.

Again, I want a simple and rational tax story. So my approach would always be to simplify those things. I don't want to pull the rug out from under people. I mean, if we've subsidized things and people made investment based on certain things, kind of respect that.

I say Congress in general doesn't understand what you're talking about. Again, I said, I don't want to pull the rug out from other people. I understand investment because I was in business. But again, I want to move toward a more simple system. And again, it's insane what government Yeah, all the green new energy thing. It misallocates capital.

I say Congress in general doesn't understand what you're talking about. Again, I said, I don't want to pull the rug out from other people. I understand investment because I was in business. But again, I want to move toward a more simple system. And again, it's insane what government Yeah, all the green new energy thing. It misallocates capital.