Portman: Simplifying & Reforming Broken Tax Code Will Create More Jobs & Increase Wages
WASHINGTON, D.C. – U.S. Senator Rob Portman (R-OH) issued the following statement after House and Senate Republicans and the White House unveiled a unified framework to achieve pro-growth tax reform today:
“This is a big day for our country, our economy, and our efforts to create more jobs and provide better wages for all Americans. While our economy has been improving, not every American is feeling the effects of that improvement. Too many Ohio families are facing the middle-class squeeze of stagnant wages and a higher cost of living. They deserve relief, and a strong economy that enables them to live out their God-given potential.
“Our current tax code encourages U.S. companies to take jobs and investments overseas. The United States is falling behind while other countries are attracting more investment and more jobs at our expense. That is unacceptable. Our reform effort will encourage more investment in America, bring jobs home, and give American workers a competitive advantage.
“I’ve been working with Leader McConnell, Speaker Ryan, Chairmen Hatch and Brady, my Finance Committee colleagues and the Trump Administration over the last nine months on this plan and I’d like to thank them for their hard work to get us to this point. I’ve been very pleased to see President Trump talking about the urgency of this issue around the country, including again today in Indiana. I’m optimistic about the prospects for getting tax reform signed into law this year. Working together, we can simplify our tax code in a common-sense way to increase investment here in America, create more jobs & increase wages for American workers.”
NOTE: The full framework can be found HERE, and a one page overview can be found HERE. Portman has been a leader in efforts to reform the tax code and protect taxpayer rights. This year, Portman has hosted tax reform roundtables in Columbus and Dayton with local business leaders, in Cleveland with the Greater Cleveland Partnership, and in Cincinnati with the Cincinnati USA Regional Chamber. 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. He has been named a “Hero of Main Street” and “Fiscal Hero” for his work on these issues.