Sen. Bob Corker says GOP open to ending tax 'loopholes' - WRCBtv.com | Chattanooga News, Weather & Sports

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Sen. Bob Corker says GOP open to ending tax 'loopholes'

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CARTHAGE, TENN. (Times Free Press) - U.S. Sen. Bob Corker, R-Tenn., says he sees no chance of Congress increasing taxes to solve the nation's deficit woes.

But the former Chattanooga mayor believes a tax reform package that chokes off many current loopholes could garner enough bipartisan support to pass.

"I think it has a chance of passing, and I think it may well be part of what this committee does," Corker said, referring to Congress' recently created deficit-slashing "super committee."

The committee was part of a deal that linked raising the $14.3 trillion debt ceiling with $2.5 trillion in federal debt reduction over the next 10 years.

Read more about this story from our news partners at the Chattanooga Times Free Press.

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