Tags: bob corker | tax writing | donald trump

Corker to Trump: Leave Tax Writing Up to Senate, House

Corker to Trump: Leave Tax Writing Up to Senate, House
Sen. Bob Corker (AP)

By    |   Tuesday, 24 October 2017 10:41 AM

Sen. Bob Corker Tuesday urged President Donald Trump to leave writing tax reform legislation to committees in the House and Senate, saying that he believes that's the best way to achieve success.

"Tax writing committees in the Senate and the House will be laying out the $4 trillion in loophole closings that need to take place," the Tennessee Republican told NBC's "Today" show. "Hopefully the White House will step aside and let that occur in a normal process."

The White House, however, has been taking things off the table, including with Trump saying on Monday 401K plans will not be touched in the tax reform plan, Corker said.

"I would just say, there's a lot of work to be done," the senator said. "The tough part of this is upcoming."

Corker added that he'd recommend that, based on Trump's recent history and interactions, leaving the details up to Congress is "the best way for use to have a success."

The senator doubled down on his contention that Trump's meeting with key lawmakers on Capitol Hill Tuesday will be nothing more than a "photo op."

"Typically when something is getting ready to be launched, there's a photo op," Corker said. "I think it's fine for him to come over. I look at these things as more of a photo op. They're not really about substance. More power to him."

Corker also Tuesday, when ABC News "Good Morning America" anchor George Stephanopoulos asked if he was confident that Trump has the "will and the skill and the commitment" to get tax reform done, said he hasn't "seen that yet."

"There's about $4 trillion in loophole closings, credits, all kinds of things that you're very familiar with in the tax code that have to be closed forward to do what has been laid out," said Corker.

And while Trump and others have been talking about cutting tax rates, "the spendage, if you will, is in doing all these reforms which makes doing your taxes much more simple and what the American people have asked for years," Corker said.

"What I hope is going to happen is the president will lead this effort, if you will, to the tax writing committees and let them do their work," said Corker, reiterated on ABC, rather than "taking things off the table that ought to be debated in the committees at the proper time."

Corker has said he won't vote for any tax plan that increases the national deficit.

"The greatest threat to our nation is not what's happening in northern Africa or what's happening in North Korea or any other places," said Corker. "It's really us, George, our inability to deal with our fiscal issues with $20 trillion in debt and another $10 trillion in current projections."

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Sen. Bob Corker Tuesday urged President Donald Trump to leave writing tax reform legislation to committees in the House and Senate, saying that he believes that's the best way to achieve success.
bob corker, tax writing, donald trump
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2017-41-24
Tuesday, 24 October 2017 10:41 AM
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