During an interview on Fox Business today, Senator Portman discussed how the Tax Cuts & Jobs Act will help boost the middle class, create more and better jobs, and raise wages. Portman noted how the legislation—recently approved by the Senate Finance Committee—would save the typical Ohio family $2,375 annually on their tax bill and help middle-class Ohioans keep more of their paycheck. Portman, who has held six tax reform roundtables in Ohio with local business leaders in recent months, has been vocal on the national stage calling for tax reform, including during recent interviews on CBS This Morning, Fox News, CNN, CNBC, Bloomberg TV, and NBC’s Meet The Press twice, as well as recently in an op-ed in the Cincinnati Enquirer.

Excerpts can be found below and a video can be found here.

PORTMAN ON GETTING TO 50 VOTES:

“Sometimes you just don’t know until you actually call the vote. Look, we have 52 Republicans. 90 percent of those Republicans are strongly on board. They think this is the right thing to do for business investment, productivity and so on. But there are probably five members still uncertain…. I will tell you two things about John McCain. One, he will do what he thinks is right and he won’t be affected by any of the politics of this. But second, when he ran for president in 2008, and really in his whole career, he’s been for pro-growth tax reform. He believes in it. He believes lowering rates and broadening base is good idea. He thinks middle class tax cuts are a good idea as well. I think this bill in structure is very similar to what he has supported in the past. I would hope that in this case that we would be able to get his support, and frankly the support of others who have specific concerns.”

PORTMAN ON GETTING BIPARTISAN SUPPORT:

“I think it is possible because if you look at what this bill really does, it provides significant tax relief to middle-class Americans and there are many families in these states—and in those districts on the House side—who will benefit directly. On average, someone will get about a $2,000 tax cut. In Ohio, the median family income tax relief is about $2,400. As you and I have talked about in the past, the business side of this will generate more jobs and higher wages because of the increased investment and productivity that comes with that. That will benefit families in my view even more than the direct tax relief. That’s why I think, at end of the day, there are a lot of Democrats who will look at this and say ‘it will be good for people that I represent.’ I don't know how many will vote our way. But I think after you get to 50, there is probably, as you say, a handful of members on the other side of the aisle who would be willing to support it.”

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