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Senator: GOP could accept higher taxes on wealthy

4:57 PM, Dec 9, 2012   |    comments
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WASHINGTON (AP) - Sen. Bob Corker says fellow Republicans in the Senate would probably agree to higher tax rates on the wealthiest Americans if it meant getting a chance to overhaul costly government entitlement programs such as Medicare.

Corker tells "Fox News Sunday" that a "growing" number or Republicans are realizing they "don't have a lot of cards as it relates to the tax issue" in fiscal cliff negotiations.

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.

 

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 This material may not be published, broadcast, rewritten or redistributed.)

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