Sen. Bob Corker of Tennessee on Friday announced he can’t support the Senate GOP’s $1.4 trillion-plus tax cut bill, citing concerns about looming federal deficits and the ballooning debt. “This is yet another tough vote. I am disappointed. I wanted to get to yes,” Mr. Corker said in a statement.
“But at the end of the day, I am not able to cast aside my fiscal concerns and vote for legislation that I believe, based on the information I currently have, could deepen the debt burden on future generations,” he said.
Mr. Corker had been pushing for leaders to include a fiscal “trigger” in the package that would wind down some of the planned tax cuts if they didn’t generate the amount of economic growth Republicans are projecting. But leaders instead wooed other hold-outs one by one with pledges to boost benefits for small businesses and partially restore a state and local property tax deduction, among other changes.
Mr. Corker said his concerns about fiscal discipline and his support for pro-growth tax reform aren’t mutually exclusive priorities.
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