Summit Notebook
Exclusive outtakes from industry leaders
from Tales from the Trail:
For Portman, it all comes down to beer
Rob Portman is upset about the tax laws that make a real American beer hard to find.
The senator from Ohio, who is seen as a leading candidate to be Republican presidential candidate Mitt Romney's vice presidential pick, spoke out at the Reuters Washington Summit against tax policy that puts American companies at a disadvantage.
"I'm a beer drinker and I'm particularly upset by the fact there is no big U.S. beer company any more," said Portman, a former budget director who criticized the Obama administration for failing to overhaul corporate taxes in the United States.
"Sam Adams is now the largest U.S. beer company, with one percent market share. All the rest are foreign owned now and driven by tax policy."
Portman called for a revamped tax system "so Budweiser can stay an American company."
Photo credit: REUTERS/Nigel Roddis
