Senator Coburn backs tax rate hikes

Washington (CNN) – In a significant development in the fiscal cliff standoff, Republican Sen. Tom Coburn, a leading deficit hawk, said Wednesday he would support higher tax rates on wealthier Americans as part of a broader deal with President Barack Obama and congressional Democrats to avoid the crisis.

“I know we have to raise revenue,” the senator from Oklahoma told MSNBC. “I don’t really care which way we do it. Actually, I would rather see rates go up than do it the other way, because it gives us a greater chance to reform the tax code and broaden the base in the future.”

Rob Port is the editor of In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • Goon

    I can see him getting primaried in his next election…

    • Rob

      His argument isn’t without merit. He’s saying that if we end deductions and loopholes now to raise revenue we set ourselves up to be in a situation where we can’t implement tax reforms in the future.

      I’m not sure I agree, but he’s being consistent.

      • Goon

        The problem is that raising taxes isn’t going to do anything but ruin the countries economy even more. Spending is the problems and the GOP is again looking weak against Obama.