Republican Corker expresses support for raising tax rates
December 9th, 2012
11:39 AM ET
1 year ago

Republican Corker expresses support for raising tax rates

(CNN) - Another Republican senator said Sunday he'd support raising tax rates on wealthy Americans as part of a deal to avoid the year-end fiscal cliff.

Sen. Bob Corker of Tennessee said if Republicans agree to raising rates on the top 2% of American earners, they will be better positioned to negotiate for larger spending cuts to Social Security and Medicare, which many Democrats oppose.

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"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," Corker said on "Fox News Sunday."

"A lot of people are putting forth a theory, and I actually think it has merit, where you go ahead and give the president the 2% increase that he is talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements."

Corker follows fellow Republican Sens. Tom Coburn, Susan Collins and Olympia Snowe in supporting an increase in tax rates for wealthy Americans. Collins and Snowe both said last week they would only support such a hike if a caveat is included that would protect small-business owners who include their business income on their personal tax returns.

Coburn reiterated his position Sunday, saying on ABC's "This Week" he would "accept a tax increase as a part of a deal to actually solve our problems."

But the Oklahoma Republican said the real negotiating should be taking place between the president and bondholders in China who he said would "determine what we'll spend and what we won't."

"It doesn't really matter what happens at the end of this year," Coburn said, predicting that the United States was already on track for another credit rating downgrade because of the political haggling over a debt reduction deal.

"The fact is we're spending money that we don't have on things that we don't absolutely need, and there are no grown-ups in Washington that will say, 'Time out, stop the politics, let's have a compromise' rather than continue to play the game through the press and hurt the country," he said.

Principal negotiations on avoiding the fiscal cliff are largely between the White House and House Speaker John Boehner, who leads the Republican-controlled House of Representatives. Democrats control the Senate.


Filed under: Fiscal Cliff
soundoff (40 Responses)
  1. Thomas

    @joe the plumber
    Larry L:. Please stop with your Liberal talking points "two un-funded wars" Wars when initiated, are never fully funded. The total for the war during the Bush years was less than 1 Trillion dollars. But we have now over 16 trillion dollars in dept. The debt was 10.2 trillion when Bush left office in 2008, that means that Obama raised the debt nearly 6 trillion in just 4 years? Now he wants to raise taxes on people who create jobs which will amount to 7 days of running the government? What are you crazy ! This is flat out class warfare and is typical of a liberal thought process. Let's punish the losers without thinking how it will affect the economy. Good grief!

    ====

    How can you stay in bussness when you underbid a job by two trillion or more ?

    I'd sugest you learn a new trade , you could get people hurt acting like a neocon hawk plumber who's only tool is a hammer.

    December 9, 2012 01:30 pm at 1:30 pm |
  2. Marie

    To all the small minded people:

    As I was reading through the comments I noticed they remained impressively on-point to the topic. Then I kept reading, and the disappointment was overwhelming. Its no wonder congress can't agree on a damn thing, neither can a few people commenting on an article. Reps believe they're better than Libs. Libs believe they're better than Reps. So much finger-pointing...no solutions.

    December 9, 2012 01:30 pm at 1:30 pm |
  3. Kay Cleveland

    Someone should take him out behind the woodshed! TRAITOR!!!!!! A complete wussy you will not stand his ground!!!!!!

    December 9, 2012 01:36 pm at 1:36 pm |
  4. Rosslaw

    Actually, Coburn and his ilk have ensured that we are NOT spending money on things this country needs, bridges that don't fall down, airports that can handle flights, high speed rail like all those advanced "socialist" countries have, roads that won't jar the fillings out of your teeth, and so on. And while we're at it, let's try to cut down on the countries we're going to invade at the drop of a hat.

    December 9, 2012 01:49 pm at 1:49 pm |
  5. ThinkAgain: All of the GOP's policies are PROVEN FAILURES

    Reagan raised taxes 11 times during his presidency, after he saw that tax cuts for the wealthy, along with increased military spending, resulted in deficits.

    Bush tax cuts during wartime (never done in our nation's history before) resulted in evaporating the Clinton surplus and huge deficits.

    If St. Reagan were alive today, he'd be supporting President Obama's economic policies.

    December 9, 2012 01:50 pm at 1:50 pm |
  6. ThinkAgain: All of the GOP's policies are PROVEN FAILURES

    If cutting taxes on the wealthy actually resulted in job creation and investment HERE IN THE U.S., we wouldn't have an unemployment problem.

    Time to stop coddling the rich!

    December 9, 2012 01:51 pm at 1:51 pm |
  7. NATHAN WIMBERLY

    November 6 2012 will visit the unhinged GOBP tea potty again in two years if they continue to hold America hostage with their radical extremist fuzzy math.

    December 9, 2012 01:55 pm at 1:55 pm |
  8. ThinkAgain: All of the GOP's policies are PROVEN FAILURES

    As reported in the Wall Street Journal (Spectrum Group poll), 67% of American millionaires and billionaires WANT to pay more in taxes. A majority of middle and lower income class Americans want the same.

    What is it about the "will of the people" that the Republicans don't get?!?

    December 9, 2012 01:55 pm at 1:55 pm |
  9. AK_steve

    Wow. You mean you have to give a little to get a little? Who woulda thunk it?

    December 9, 2012 01:59 pm at 1:59 pm |
  10. ART THEROOSTER

    @TONY
    We went to into Afganistan because of 9-11? are you sure that wasn't IRAQ we invaded? A country that didn't have anything to do with 9-11. You must of just gotten confused Tony. Obama put us in Afganistan, that was Obama the liberal to be exact. The country we should of been in war with anyways. If you knew any about IRAQ, not Afganistan, You would of already realized that The United States of America helped Saddem and his regime get into power to lead the fight against IRAN and then we did many deals with him. Hold on, I know what your thinking, why would we as a great country help put a horrible dictator in power and then do business with them? good question, what I can tell you is it's not the first time we've done it and paid for it at this present time, and that OIL probably never had anything to do with it...even though they were an OIL producing and exporting country. That last part was SARCASM, not Afganistan.

    You need to be reminded that when Reagan came in our military was far behind and our soldiers were actually receiving welfare because their paychecks were so low they could not support themselves or their families. So yes after giving the most deserving men and women in the world a pay raise and ensuring they have the best equipment available it may very well have. Also do you not remember September 11,2001? That is why we went into Afghanistan. Also I love the hypocrisy of liberals. You preach about humanitarian issues only when it benefits you. Saddam Hussein and his sons were not by any means upstanding men who cared about their people. Also as noone else ever seems to recall we did go into Iraq for more than one reason, but the left media refused to accept that fact. We will go after terrorists and any government who supports and harbors them. Our soldiers did find the slaughter houses that the Hussein cowards used. They did find the mirage jets. They did find the paperwork that Saddam was working on chemical and biological warfare. Saddam was sending $25,000.00 checks to the "families" of suicide bombers. There is enough we did find for the UN to declare war on any nation just for humanitarian issues alone.

    December 9, 2012 02:02 pm at 2:02 pm |
  11. Anonymous

    Tim

    Republicans are really good at whining about debt when they're in the minority and then piling it on when they get control.
    ------------

    Republicans don't care about debt and never have. They are good at blambing the other fellows though. Especially after their own leadership keeps piling debt on Administration after Administration. It's called political projection.

    December 9, 2012 02:29 pm at 2:29 pm |
  12. i'malib

    I say punish everyone who has a job. That is the only fair thing to do. People like me, who don't work and could care less about contributing, deserve it.

    December 9, 2012 02:42 pm at 2:42 pm |
  13. Darryl

    Why in the Hell are people so freaked-out on raiseing some taxes ? For Cry-sake, the U.S. is the most beautiful country on the planet. Everybody wants to come here and live and enjoy the freedoms we all have and the beaches, parks, clean air, ect. The reason is we ALL pay Taxes and the U.S. is beautiful. EVERYBODY in the U.S. HAS to pay for ALL the beauty period. PAY-UM and shut-up !

    December 9, 2012 03:18 pm at 3:18 pm |
  14. Rick McDaniel

    That s far from the biggest fight. The biggest fight, is going to be the debt ceiling, because Obama is seeking to take power from Congress, which would simply be taking over, as a dictator, in government.

    The tax rates issue is more about why people don't want to give Obama any more tax dollars.......because they will do NO GOOD at all......because he will simply squander the money, in new spending.

    December 9, 2012 03:28 pm at 3:28 pm |
  15. Randy, San Francisco

    The GOP/Tea Party brand is toast in 2014 and 2016 elections if they let the country go over the fiscal cliff because of their support for the 2% wealthiest Americans.

    December 9, 2012 03:43 pm at 3:43 pm |
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