Ohio Sen. Rob Portman believes the tax reform proposal set to be unveiled this week will actually reduce the federal deficit because it’s going to produce more revenue for the government.

Portman told NBC’s “Meet The Press” host Chuck Todd that he doesn’t see tax reform as just a tax cut, which will reduce the amount of money coming into the federal coffers. Instead, over a long period of time, it will mean more investment in the United States and more jobs in the country.