Corker says he's not obligated to anti-tax pledge - WSMV Channel 4

Corker says he's not obligated to anti-tax pledge

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Tennessee Sen. Bob Corker is making national headlines as Congress looks for a way to avoid the so-called "fiscal cliff."

Corker is distancing himself from a popular Republican pledge to not raise taxes under any circumstances.

He said he is not obligated to the anti-tax pledge and his only real obligation is to serve his constituents.

If Congress doesn't agree on a new budget, severe spending cuts and tax increases will kick in starting in January.

Corker is backing a plan that he says would cut the deficit by $4 trillion.

The plan limits the types of tax breaks wealthy Americans can claim and pushes for reforms in Medicare and Social Security.

Corker said Monday on MSNBC that he's waiting to hear offers from the other side.

"Speaker Boehner and the president are open to talking about revenues with entitlement reform, and I think you've seen numbers of Republicans talking about the revenue piece. What we now need to see is real offers of entitlement reform," said Corker.

Corker, a member of the Senate Banking Committee, said an agreement would also help jump start the economy.

Companies are holding back trillions of dollars in investment until they are certain what the government will do.

In an editorial over the weekend, the senator said lawmakers already have everything they need to make a decision.

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