Tags: GOP | Corker | Republicans | Tax

GOP's Corker: Some Republicans Softening on Raising Tax Rates

Sunday, 09 Dec 2012 02:41 PM


Some Republicans are softening to the idea of raising tax rates on top earners in exchange for discussing entitlement reform during so-called fiscal cliff talks, according to GOP Senator Bob Corker.

“There’s a growing group of folks looking at this and realizing that we don’t have a lot of cards,” the Tennessee Republican said Sunday on the “Fox News Sunday” program. “I actually am beginning to believe that is the best route for us to take” to achieve cuts in entitlement spending, he said.

Senator Chuck Schumer, a New York Democrat, appearing on the same program, said Corker’s comments were encouraging. He said the same sentiment is necessary from House Speaker John Boehner before there can be any movement in the talks, aimed at averting automatic spending cuts and tax increases scheduled for January.

© Copyright 2015 Bloomberg News. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved