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Portman: Congress should extend current tax rates to Apr 15 - The Trail

Tuesday, June 26, 2012 - 02:16

Senator Rob Portman (R-Ohio), widely discussed as a potential running mate for Mitt Romney, told Reuters he favors temporarily extending the current federal tax structure through April 15 of next year. (June 26,2012)

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Talk about the lame duck session of congress that we're going to be facing it is this year is it possible for that. Session to get anything done. I hope so hope we'll get some things done even before that particularly on what's called sequestration on the defense side which needs to be aggressive and in my view. And I hope in the lame duck session of congress we -- at the very least lay the ground work for legislation that was passed the new congress after the first year. -- that he can do a lot of that. As you know I believe that we have an extension of the current tax code for a short period of time with some expedited procedures in congress to get things done. And that we -- -- combine and the necessary entitlement reforms. To preserve and save those systems. With tax reform which is needed to -- the economy a boost. And come together with deficit reduction ideas so that we can. Put this all together. Soon in the new year to be sure that we avoid the crisis we talked about when you say extending the current tax structure for a short period which what is short with short period. Well I like the date of April 15 you know this is pretty sure some of setting standards for year others said. Various times that I think you need to do it relatively short time basis. Forced congress to really do its work including in January we typically don't rule out legislating. You know let's get people sworn in and start to get to work on some serious legislative proposals. And it shouldn't be like health care law or shouldn't be like financial services laws -- Dodd-Frank law. We're like the stimulus all of which were passed on a partisan basis. There was really no input from the other party and chances system. Which is on the consequences of that now with health care debate in the Supreme Court case and so one. It should be something that is bipartisan more along the lines of what Ronald Reagan it would Tip O'Neill. In terms of tax reform. And I think that's you know possible I think there -- a lot of Democrats and Republicans to realize that this problem is upon us we've got to address it. And I'm hopeful that governor Romney is elected president because I believe that he has the leadership qualities to bring people together to solve these problems. That's what we're missing right now we have a lack of leadership it's an inability to be able to roll. Our sleeves and get to work on problems then and we too much partisanship and politics.

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Portman: Congress should extend current tax rates to Apr 15 - The Trail

Tuesday, June 26, 2012 - 02:16