Rob Portman argues tax reform will decrease the federal deficit

By Kyle Feldscher

Published October 29, 2017 4:19pm ET

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Rob Portman argues tax reform will decrease the federal deficit — "I'm real excited about this tax reform because I think it will generate a lot more revenue. I think it will over the 10-year period, Chuck, you're talking about, result in deficit reduction," Portman said. (AP Photo/Cliff Owen) | Cliff Owen

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.

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Budgets and Deficits Congress Deficit Kyle Feldscher Republicans Rob Portman Tax Reform Taxes