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Government and Politics

Portman sees reform with fiscal cliff
Senator was on 12-member Supercommittee that led to possible $100 billion in cuts

Kabir Bhatia
In The Region:
Ohio Sen. Rob Portman -- a member of the supercommittee that failed to resolve the debt crisis a year ago -- is now saying the forthcoming “fiscal cliff” could be occasion for reform.

During a press call Thursday, Portman was asked about the work of the 12-member committee that led to the $100 billion in cuts scheduled for next year. He says the committee failed because of a lack of leadership from the White House, and now:
Portman sees reform with fiscal cliff

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“I think we should not waste this opportunity to address the underlying problem. And that’s a combination of restraining spending and encouraging more economic growth. And we can do that through tax reform and entitlement reform. Our budget’s unsustainable. It’s out of whack. It’s fiscally irresponsible. We have to address the underlying problem. And the biggest part of our budget, and the fastest growing part of our budget, is the entitlement programs. Incredibly important programs, but they’re not sustainable in their present forms.”
Portman added that he would have agreed to raise taxes on the wealthy during the Supercommittee sessions, but only if that were coupled with tax code reform and spending cuts.
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