Corker: ‘Beginning to Believe’ Tax Rates Should Go Up


Breaking from his party’s position, Sen. Bob Corker (R., Tenn.) said Sunday he is “beginning to believe” the best route is for tax rates on high earners to go up.

“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 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, and all of a sudden once you give him the rate on the top two percent, it is actually much lesser tax increase than what he has been talking about. The focus then shifts to entitlements and maybe that puts us in a place where we actually can do something that really saves this nation, so, there is a growing body, I actually am beginning to believe that is the best route for us to take, to, again, shift the focus where it needs to be which is on entitlements…”

After Thanksgiving, Corker proposed a plan that would cap deductions at $50,000, among other reforms.