Corker has tax reform plan, not airing it yet - WRCBtv.com | Chattanooga News, Weather & Sports

Corker has tax reform plan, not airing it yet

CHATTANOOGA, Tenn. (AP) - U.S. Sen. Bob Corker says he's developed a plan to reform taxes and balance the federal budget, but he's not planning to release details until after the election.

He told the Chattanooga Times Free Press (http://bit.ly/MsHQTd) on Monday that his plan will both cut entitlement spending and raise more money.

Corker said he intends to keep his "soup to nuts" plan private until after the presidential election is settled but he's submitted a draft for review by congressional budget staff. The Chattanooga Republican said he thinks his proposal can provide a path to compromise between Republicans who want to cut spending and Democrats who want to raise taxes.

Corker is seeking re-election but doesn't face a strong challenge in the Aug. 2 primary or Nov. 6 general election.

 

Information from: Chattanooga Times Free Press, http://www.timesfreepress.com

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 This material may not be published, broadcast, rewritten or redistributed.

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