Ohio senator wants tax reform for "fiscal cliff" - 13abc.com Toledo (OH) News, Weather and Sports

Ohio senator wants tax reform for "fiscal cliff"

By By DAN SEWELL
Associated Press

CINCINNATI (AP) - Ohio's Republican senator sees tax reforms, not letting taxes go up, as the way to ease the nation's fiscal crunch.

Rob Portman says he thinks higher tax rates now for any group would be a mistake. But he says tax changes could be part of a plan that adds revenue while reducing federal spending.

Portman talked with reporters Thursday as Congress and the Barack Obama administration are trying to avoid a year-end "fiscal cliff" that would see tax cuts expire while spending cuts kick in.

Portman was on the congressional deficit "supercommittee" last year that tried to come up with a fix to the fiscal crisis. He supports "pro-growth" tax reforms and spending cutbacks.

Some Democrats have rejected suggestions that closing tax loopholes and ending deductions would be sufficient help.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • RegionalMore>>

  • Breaking News

    Update: One body found, three still missing

    Officials find boat capsized, boaters still missing

    Thursday, April 17 2014 10:41 AM EDT2014-04-17 14:41:51 GMT
    The Coast Guard is searching for a missing boat with at least three people on board.Officials say they received a report of a 21-foot bath boat that hadn't returned when it was expected.They say the boaters
    Ohio Department of Natural Resources confirms they have located the missing fishing boat, partially submerged, near Toussaint Reef. No sign of the four on board.
  • Teen faces hearing in mob attack on motorist

    Teen faces hearing in mob attack on motorist

    A 16-year-old Detroit boy is due back in juvenile court on assault and ethnic intimidation charges in the brutal beating of a suburban motorist.
    A 16-year-old Detroit boy is due back in juvenile court on assault and ethnic intimidation charges in the brutal beating of a suburban motorist.
  • Warmer temps impact local crops

    Warmer temps impact local crops

    Wednesday, April 16 2014 5:36 PM EDT2014-04-16 21:36:04 GMT
    "We're getting hotter, longer, warmer heat waves, that's going to be the real problem."Scott Heckathorn and his team are racing to find answers for how plants react to heat.  He's watched them adapt over
    "We're getting hotter, longer, warmer heat waves, that's going to be the real problem."
  • Top StoriesMore>>

  • Breaking News

    Update: One body found, three still missing

    Officials find boat capsized, boaters still missing

    Thursday, April 17 2014 10:41 AM EDT2014-04-17 14:41:51 GMT
    The Coast Guard is searching for a missing boat with at least three people on board.Officials say they received a report of a 21-foot bath boat that hadn't returned when it was expected.They say the boaters
    Ohio Department of Natural Resources confirms they have located the missing fishing boat, partially submerged, near Toussaint Reef. No sign of the four on board.
  • Bomb hoax won’t discourage local marathon runners

    Bomb hoax won’t discourage local marathon runners

    Wednesday, April 16 2014 10:10 PM EDT2014-04-17 02:10:37 GMT
    Boston police have stepped up patrols near the marathon finish line on Wednesday following a bomb hoax. Kevin Edson is facing several charges. He is accused of placing a backpack near the finish line
    "I'm not afraid to go," says Cathy Meier of Findlay. "It never once occurred to me to be afraid to go."
  • Workers walked off the job at Piston Automotive

    Workers walked off the job at Piston Automotive

    Thursday, April 17 2014 10:59 AM EDT2014-04-17 14:59:06 GMT
    Some workers at Piston Automotive walked off the job on Thursday morning. They are asking for UAW representation and say the company is refusing to acknowledge that. We have a reporter on the scene
    Some workers at Piston Automotive walked off the job on Thursday morning. They are asking for UAW representation and say the company is refusing to acknowledge that. We have a reporter on the scene

Area Events Calendar

See It, Shoot It, Send It!