Portman Hosts Tax Reform Roundtable, Receives Input from Cleveland Small Business Leaders

October 23, 2017 | Press Releases

Tax Reform Effort Focused on Creating More Jobs, Increasing Wages for American Workers

CLEVELAND, OH – Today, U.S. Senator Rob Portman (R-OH) hosted a roundtable discussion in Cleveland with the Council of Smaller Enterprises (COSE) and small business leaders to receive input on Congress’ effort to simplify and reform our tax system in a way that creates more jobs, increases wages, and encourages more investment in America. Earlier this year, Portman hosted a similar roundtable discussion with the Greater Cleveland Partnership. Portman released this video and the following statement:

“Our tax code is too burdensome, too complicated, and decades out of date. With small business leaders in Cleveland today, I was able to receive a lot of input on how we can make our tax code work better for small businesses, Ohio workers, middle-class families, and investment by bringing money locked out overseas back to America. Instead of encouraging our companies to take jobs and investments overseas and making it easier for foreign corporations to buy up our companies, we should be creating incentives to create jobs here and give American workers a competitive advantage and better wages. I am optimistic that Congress can deliver soon for workers and small businesses here in Cleveland and across Ohio who deserve a better tax system.”

Portman has been a leader in efforts to simplify and reform our broken tax code.  This year, Portman has also hosted tax reform roundtables in Columbus with local business leaders, in Dayton with the Dayton Chamber of Commerce, in Cincinnati with the Cincinnati USA Regional Chamber, and most recently in Springfield with the Springfield Chamber of Commerce.   Last week, Senator Portman embarked on an Ohio Auto Manufacturing Jobs Tour, during which he covered more than 700 miles crossing Ohio over three days and discussed how tax reform will benefit auto manufacturers. Portman recently jointed House and Senate GOP leaders in unveiling a unified framework to achieve pro-growth tax reform. The full framework can be found here, and a one page overview can be found here.

Last Congress, three Portman-authored bills designed to help in this effort to stop IRS abuses were signed into law by then-President Barack Obama. Portman has been named a “Hero of Main Street” and “Fiscal Hero” for his work on these issues.

In 2015, Portman reached a bipartisan agreement with Senator Chuck Schumer (D-NY), who is now the Senate Minority Leader, on a framework for international tax reform, an effort that could serve as a basis for broader reforms.

Following are photos of today’s event: