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 This material may not be published, broadcast, rewritten or redistributed.

  • NewsMore>>

  • Tornado slams Virginia campground; 2 dead

    Tornado slams Virginia campground; 2 dead

    Friday, July 25 2014 12:45 AM EDT2014-07-25 04:45:05 GMT
    Albert Thorn awoke in his rental cottage Thursday to the sound of heavy rain and wind. Then, there was screaming. Within minutes, the sky turned dark, cellphones pinged with emergency messages and a tornado tore...More
    Albert Thorn awoke in his rental cottage Thursday to the sound of heavy rain and wind. Then, there was screaming. Within minutes, the sky turned dark, cellphones pinged with emergency messages and a tornado tore through a...More
  • Chickamauga man delivers winning bid to buy Cleveland speedway

    Chickamauga man delivers winning bid to buy Cleveland speedway

    Thursday, July 24 2014 10:36 PM EDT2014-07-25 02:36:54 GMT
    CLEVELAND, TN (WRCB)--- It took nearly three years to get Cleveland's motor speedway to the auction block, and only a few minutes to close the deal.North Georgia's Al Chapman tendering an $807,100 bid late Thursday afternoon to buy the track and adjoining 25 acres of property, lock, stock and barrel." I just hope and pray they keep it open that we can come back and enjoy this track," opines Jackie Taylor, a racing fan from neighboring Polk County.When asked if he plans to keep the track a rac...More
    CLEVELAND, TN (WRCB)--- It took nearly three years to get Cleveland's motor speedway to the auction block, and only a few minutes to close the deal.North Georgia's Al Chapman tendering an $807,100 bid late Thursday afternoon to buy the track and adjoining 25 acres of property, lock, stock and barrel." I just hope and pray they keep it open that we can come back and enjoy this track," opines Jackie Taylor, a racing fan from neighboring Polk County.When asked if he plans to keep the track a rac...More
  • Motorists: Road work this weekend and into next week

    Motorists: Road work this weekend and into next week

    Thursday, July 24 2014 8:40 PM EDT2014-07-25 00:40:13 GMT

    Motorists should use caution in construction zones and obey speed limit notices which may change in those zones to keep workers safe.

    More

    Motorists should use caution in construction zones and obey speed limit notices which may change in those zones to keep workers safe.

    More
Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

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