ICYMI: Ron Johnson says his Oshkosh firm and many others benefited from 2017 business tax cut he championed [Milwaukee Journal Sentinel]

IN CASE YOU MISSED IT

Milwaukee Journal Sentinel: Ron Johnson says his Oshkosh firm and many others benefited from 2017 business tax cut he championed
By Bill Glauber
April 11, 2022

Key Points:

• For months, Democrats and their allies have claimed that Republican U.S. Sen. Ron Johnson and some of his top donors benefited from a key provision he pushed for in President Donald Trump’s signature 2017 tax bill.
  

• During a meeting with GOP supporters Friday in Medford… Johnson acknowledged the Oshkosh-based plastics business he owned, Pacur LLC, benefited from the small-business tax provision, as did some of his prominent donors.

• “Now, did my business benefit? Sure. Did some of my donor businesses? Sure…” Johnson said.

• The issue may persist throughout the campaign as Democrats try to flip Johnson’s seat, which could determine the party that controls the U.S. Senate.

• During the meeting in northern Wisconsin, Johnson defended his work on the pass-through provision.

• In August, an investigation from ProPublica found that the tax provision Johnson championed delivered millions in tax savings to key donors of his campaigns, Dick and Liz Uihlein of Pleasant Prairie-based Uline and Diane Hendricks of Beloit-based ABC Supply.

• Johnson pushed for a tax break for small businesses and other so-called pass-through entities. In these businesses, profits pass-through to the owners who pay taxes on their personal returns.
  

• Pacur LLC, the Oshkosh-based plastic company that Johnson helped found, was structured as a pass-through business.

• During the Taylor County meeting, Johnson took on what he called the “distorted attack ads” that have run against him.

• “They said I doubled my wealth,” he said. “That’s true.”

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