Update: Corker was, indeed, the only Republican to vote against the cut.
Senator Bob Corker may end up being the lone GOP vote against the Senate tax plan. It’s so near the vote may have already happened, in which case this post will need to be updated in case it doesn’t pass.
Whether it does or not, his quote is quite telling. To be fair, I’m not a Corker fan, but I’m more discouraged by the fact that of all the Republican Senators, he happens to be the only one making any sense. I want tax cuts just as much as the next fiscal conservative, but ballooning the budget and expanding debt with these cuts take us down a very dangerous road. Cut costs dramatically, reform entitlements, and make these tax cuts all at the same time. Heck, make the cuts deeper. Just stop spending so much of our money.
“I am not able to cast aside my fiscal concerns and vote for legislation that I believe … could deepen the debt burden on future generations.”
Sen. Bob Corker will vote against the Senate GOP tax bill, saying it adds too much to the federal deficit. The Joint Committee on Taxation said yesterday it will add more than $1 trillion over the next decade when taking into account economic growth.
Key quote: “I am not able to cast aside my fiscal concerns and vote for legislation that I believe … could deepen the debt burden on future generations.”
Why it matters: It doesn’t. The bill is on track to pass 51-49 later today.