July 11, 2012

MAKE HIM TREASURY SECRETARY:

Rob Portman: Comprehensive tax reform, not Bush-era tax cuts, should be focus of debate (Felicia Sonmez, 07/10/2012, Washington Post)


In a speech to the Associated Builders and Contractors legislative conference in Washington on Tuesday, Portman said that the debate ought to be focused on comprehensive tax reform rather than on the Bush-era tax cuts.
The speech came as President Obama, speaking at a campaign event in Iowa, renewed his call for Congress to extend the tax cuts on income of $250,000 and less.

"Look, I think we ought to reform the whole tax code," Portman said, according to a transcript of the speech. "We shouldn't be debating whether to deal with the current code by allowing it to be extended or not. We should have a president who shows leadership and comes to Congress and says: 'You know what? We need to reform this whole tax code.'‚ÄČ"

He also told the crowd: "The tax code is now nine times longer than the Bible, and not nearly as interesting."

Posted by at July 11, 2012 5:28 AM
  

blog comments powered by Disqus
« THERE'S ONLY ONE SAFE HAVEN: | Main | LITTLE TO BE GAINED BUT KNOWLEDGE REGARDING WHETHER TREATMENT US USEFUL: »