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ONE PERCENT Sen. Corker: Higher Tax Rates OK J. Scott Applewhite / AP Photo

Sen. Corker: Higher Tax Rates OK

Sen. Bob Corker is the latest Republican to jump on board as the president pushes for higher taxes on Americans who make more than $250,000 a year. Lawmakers should be able to push through a deal on the fiscal cliff within the next three weeks, Corker said. Giving the president a higher tax rate for the top 2 percent of American earners may be the best way for Republicans to shift the debate back to entitlements, according to Corker, a member of the Senate Banking Committee. Meanwhile, President Obama met with House Speaker John Boehner on Sunday to negotiate a compromise though both sides are keeping mum about their discussion.

December 9, 2012 10:52 AM