Senator: GOP Could Accept Higher Taxes On Wealthy - 47 ABC - Delmarva's Choice

Senator: GOP Could Accept Higher Taxes On Wealthy

Posted: Updated:

ANNE FLAHERTY
Associated Press
    
WASHINGTON (AP) - 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.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

12/9/2012 10:47:17 AM (GMT -5:00)

Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.