Loading…
Wednesday, August 27, 2014
Current Weather
Loading Current Weather....
Published: Sunday, 12/9/2012

Senator says GOP could accept higher taxes on wealthy

Corker: Rank-and-file would support tax hikes in exchange for entitlement changes

ASSOCIATED PRESS
Sen. Bob Corker (R.,Tenn.) Sen. Bob Corker (R.,Tenn.)
ASSOCIATED PRESS Enlarge

WASHINGTON — Republican Sen. Bob Corker says he and probably many other GOP senators would consider raising the top tax rate paid by the wealthiest Americans if it meant reforming big entitlement programs such as Medicare.

Such a compromise would represent some movement in the postelection negotiations between President Barack Obama and congressional Republicans to avert the “fiscal cliff” set to kick in by month's end.

Corker is a solid fiscal conservative and bellwether for what other rank-and-file Republicans might support. The Tennessee lawmaker told “Fox News Sunday” that raising the top tax rate to 39.6 percent could be done so that negotiators could shift their focus on entitlement spending.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories