Portman Backs Temporary Tax Extension to Reach Deal (Transcript)
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Republican Senator Robert Portman, in an interview on Bloomberg Television’s Political Capital with Al Hunt airing this weekend, proposed extending the expiring U.S. tax cuts, including those for the wealthy, for six months - - with a trigger that if Congress can’t come up with enough loophole closings that the top rate would rise to 39.6 percent.
(This is not a legal transcript. Bloomberg LP cannot guarantee its accuracy.)