Democratic Party of Wisconsin
Press Release

The Chronicles of Ron Johnson’s Scandals: Ron Johnson Started His Senate Career By Enriching Himself

 

By - Oct 28th, 2021 12:01 pm

MADISON, Wis. — It comes as no surprise that Ron Johnson continues to be mired in scandal, given that he started his political career off with a scandal over the huge payday he gave himself from his company.

In 2010, Johnson loaned his campaign $9 million and soon after declaring victory, had his company hand him $10 million in “deferred compensation.” Johnson outright admitted that “he alone” decided the company should give him the massive payout, and when asked why by a reporter stated, in part, “I don’t have to explain it any further to someone like you.

Since being elected, Johnson’s likely wealth has increased by at least 115%. This is, in part, due to his role changing the 2017 tax bill in a way that benefited him and his biggest donors. Johnson has made it a habit to game the system, including paying virtually nothing in state income taxes in 2017, despite reporting nearly half a million dollars in income.

See more: Politico: ​​Sen. Johnson’s $10 million payday, Milwaukee Journal Sentinel: Johnson proves to be a big spender – and taker: Firm pays him $10 million, Talking Points Memo: Johnson Has Yet To Produce Written $10M Compensation Agreement

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.

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