Rational Nation USA
Liberty -vs- Tyranny
It appears more rEpublicans are either A) acquiescing to the Obama and democrat push for an increase in the tax rate for those making over $250,000.00 per year, or B) the rEpublicans are actually learning how to effectively negotiate and perhaps out maneuver the democrats long term. We'll just have to wait and see.
THE HILL - Sen. Bob Corker (R-Tenn.) on Sunday joined a growing chorus of Republicans who are open to higher tax rates for the richest Americans as part of a deal to avoid the “fiscal cliff.”
Corker, a member of the Senate Banking Committee, told “Fox News Sunday” that Democrats have the upper hand following the election. He said he was optimistic Congress would strike a deal within the next 23 days, even if it means agreeing to President Obama's plan to increase the top rate on individuals making more than $250,000 a year.
But Corker said he expected Democrats to accept spending cuts to entitlement programs such as Medicare.
“A lot of people are putting forth a theory – and I actually think it has merit – where you go and you give the president the 2 percent increase that he's talking about, the rate increase on the top 2 percent – and all of a sudden the shift goes back to entitlements,” Corker said. “And all of a sudden, once you give him a top rate on the 2 percent it's actually a much lesser tax increase than what he's been talking about.
“I actually am beginning to believe that is the best route for us to take,” Corker said, “to again shift the focus to where it needs to be, which is entitlements.”
The Republican-led House, however, is reluctant to agree to Obama’s demand for higher tax rates on the wealthy. This past week, Speaker John Boehner (R-Ohio) proposed raising $800 billion – half what the president wants – by limiting tax breaks, an offer the White House immediately dismissed.
Corker predicted that Republicans would gain the upper hand in future negotiations if they can prevent the tax hikes and spending cuts that are set to kick in on January 1. ... {Read More}
Via: Memeorandum
