Corker Urges Congressional “Super Committee” to Consider Tax Reform
August 23, 2011 at 1:57AM
Bob Corker, the junior U.S. Senator from Tennessee, made it clear Monday, in a talk to the Memphis Area Association of Realtors on Poplar, that he doesn’t think the spending cuts provided for in the last-minute congressional settlement of the debt-ceiling crisis were sufficient. Corker, a Republican, was the author of a spending-cap bill — “the only bill that was bicameral and bi-partisan” — that, over a 10-year period, would have trimmed the nation’s deficit by some $5 trillion, a sum he contrasted with the $4 trillion figure that many in Congress had regarded as “the magic number” for reduction and with the $2.5 trillion in cuts, now and later, that was actually mandated by the final bill.