Senator Rob Portman (R-Ohio), widely discussed as a potential running mate for Mitt Romney, told a Reuters Summit he favors extending the current federal tax structure through April 15 of next year.
Talk about the lame duck session of congress that we're going to be facing it is this year is it possible for that session to get anything done hopes he'll open and he's done even before that. Perfectly on what's called sequestration. That -- -- needs to be aggressive in my view. -- in -- of congress we can at the very least laid the ground work for legislation been passed in congress. After the first year and he can do a lot of that. As you know I believe that we have an extension of current tax code for a short period of time with some expedited procedures in congress to get things done. And we got to combine -- unnecessary and -- -- reforms. To preserve and say those systems. With tax reform is needed in the economy and boost. And come together with deficit reduction ideas so that we can. Put this all together. Soon in the new year to -- that we avoid -- crisis we talked about we usually extending the current tax structure for a short period which. What is short with short period like April 15 you know this is pretty sure from the city and for year others have said. Very time that I think -- do it relatively short time basis. Or congress certainly -- work including January to Google legislating. Let's get people's. Start to get to work on -- -- legislative proposals. And it shouldn't be like yeah health care law merchant like financial. Services laws so Dodd-Frank law. Like the stimulus which passed non partisan basis. Input from the party system. We see some of the consequences now health care debate Supreme Court case and so one. It should be something it is bipartisan work on on the -- Tip O'Neill. For tax reform and I think that's you know. Possible I think a lot of Democrats and Republicans realize. This problem and address. And I'm hopeful. Governor -- elected president -- believe he has the leadership qualities. To bring people together to solve these problems. That's what we're missing right now we lack of leadership. Ability to be able to roll. Please get to work on problems and we can partisan.