Portman: We’re Shifting the ‘Burden of Taxation’ to the Top 1% So They Will Pay a ‘Little More’

EXCERPT:

HEMMER: "President Trump’s chief economic adviser Gary Cohn arguing for tax reform. This bill, now, the House says it's on pace to finish by Thanksgiving, the Senate could start hammering out details today. Rob Portman member of the Finance Committee in the Senate, Republican from Ohio with us here. And senator, good morning and welcome back to 'America’s newsroom.'"
PORTMAN: "Bill, thanks for having me back on again."
HEMMER: "I’ve got a couple of things here I just want to run by you. Late on Friday Mitch McConnell said he misspoke, his quote, you can’t guarantee absolutely no one sees a tax increase. In addition, you are here to make the case that this is good for growth. I think on the corporate side you’ve made a pretty good case. On the individual side you got a long way to go. Go ahead and state your argument now, senator."
PORTMAN: "Well first with regard to the middle class tax cut, it's real; the Joint Committee on Taxation, which is the nonpartisan group up on the Hill, just came out with their analysis over the weekend. And it shows that middle class families across the board get tax relief. And so, to Mitch McConnell’s point, every group gets tax relief here. The difference is that the burden of taxation shifts so that those at the top end, say the top 1 percent are going to pay a little bit more of the burden, and those in the middle class are going to pay less -- less of the burden."