Get Political Wire by Email:

December 09, 2012

Corker Suggests GOP Should Relent on Tax Increases

Sen. Bob Corker (R-TN) said that he's "beginning to believe" that falling in line with President Obama's call to raise taxes on the wealthy, then shifting the focus to reforming entitlements "is the best route for us to take" on the "fiscal cliff," the Washington Post reports.

Said Corker: "There is a growing group of folks that are looking at this and realizing that we don't have a lot of cards on the tax issue before year end. A lot of people are putting forth a theory and I actually think it has merit, where you go ahead give the president the two percent increase that he is talking about -- the rate increase on the top two percent -- and all of a sudden the shift goes back to entitlements."

Meanwhile, Sen. Tom Coburn (R-OK) told ABC News that he is willing to accept tax rate increases as a component of a fiscal cliff deal, as long as Democrats put "significant entitlement reform" on the table.


Political Wire Podcast Engaging conversations about elections and the political issues of the day. Subscribe via iTunes or RSS to get episodes automatically downloaded.