This is my first hearing as a member of the Finance Committee. I gave up a position and all my seniority on the Senate Foreign Relations Committee and on the Commerce Committee to be here for this issue.
Johnson emphasizes the importance of tax revenue issues over his previous committee roles.
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At what point do you raise marginal tax rates up to the point where you literally harm economic growth?
Back then it is kind of hard to get the exact number of workers versus beneficiaries.
I would warn you trying to raise marginal tax rates to the extent you want to is going to really harm economic growth.
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