Corker: ‘I’m All In’ for Tax Reform If Done Right

Thursday, October 26, 2017

During an interview on CNBC’s “Squawk Box” on Thursday morning, Senator Bob Corker (R-Tenn.), a member of the Senate Budget Committee, discussed tax reform and the need to close a minimum of $4 trillion in loopholes and special interest deductions.

 

He said, “(Tax reform) is something that can be great for our nation.

 I’m all in. I think you know it was the Corker-Toomey, Toomey-Corker compromise in the budget committee that’s allowing this to go forward, and now we begin the tough work. This will be the biggest tax rewrite since 1986. It’s a tremendous undertaking.

 

“The spinach of this is… the $4 trillion in loophole closings, (tax) credit closings, simplifying the code that needs to take place."

 

Senator Corker said the effort "will only be successful if lawmakers and the administration have the courage to make hard decisions and stand up to special interest groups."

 

He said, “I’m all in (for) closing $4 trillion of loopholes. I’m all in for locking arms and having the intestinal fortitude to do it. We have to have appropriate scoring, but I was willing in the budget committee, as a deficit hawk, to give that trillion dollars headroom… I believe if we will lock arms, be tough, close these loopholes, do the things we need to do on the business side, I believe we can get the growth, but it has to prove itself out.

 

“I have 14 months left, and I’m going to go out with afterburners trying to make good things happen. '



Copies Of Remaining Chattanooga Photo Books Available At Zarzour's Restaurant; By Mail

Remaining copies of the Chattanooga Photo books are available at Zarzours Restaurant on Rossville Avenue off Main Street. It is near Fire Hall #1. They include the Remarkable Stokes Collection, Railroads In and Around Chattanooga, and Paul Hiener's Historic Chattanooga.  All were published by Chattanoogan.com.  and printed by College Press at Collegedale. The ... (click for more)

Get Emailed Headlines From Chattanoogan.com; Like Us On Facebook, Twitter For Instant News

We send out headlines each day of the latest Chattanooga news.  Our news headlines have links that take you to the stories with a click. We also send out special emails if there is a highly significant local news story breaking so you will be aware of it quickly. To be added to the email headline list, just email us at news@chattanoogan.com In addition, like ... (click for more)

Stormwater Fiasco And East Ridge Camping

When did the Chattanooga City Council get replaced by members of the East Ridge City Council? I don't recall a time in Chattanooga where they've voted to shoot the city in the foot more than they have lately.  If this goes through despite the environmental impact warnings and then Camp Jordan has increased flooding after spending millions on sports ball fields, ... (click for more)

Roy Exum: The Chicken Gun

On the very day when more poultry is consumed in the United States than at any other time in the year, fun-loving Wendell Burns shared a wonderful story about “The Chicken Gun.” What makes the tale even better is that it was designed and built to perfection by the folks at the Arnold Air Force Base that you know is near Tullahoma, Tn. Wendell’s mistake in sending the story is ... (click for more)

Rodney Stoker Wins Turkey Trot 8K Again

It has been about 15 years since Rodney Stoker captured first place overall in the annual Sports Barn Turkey Trot, but he’s been doing some serious training in recent weeks and it paid off Thursday morning as the 41-year-old former UTC standout was victorious with a time of 27 minutes, 18 seconds. Dylan Hassett, a promising 24-year-old from Atlanta who is making her way as a ... (click for more)

JOHN HUNT: Thanksgiving 2017 Special As Always

I can’t believe it’s that time again.  Another year has come and gone and where did it all go? My father once told me that time really flies as you get older and I’m starting to believe him. But we’re back to one of my favorite holidays of the year – Thanksgiving – and I’m looking forward to spending quality time with family and friends.  I’m sure that I’ll eat too ... (click for more)