On avoiding the so-called "fiscal cliff," his 242-page bill challenges both Democrats and Republicans. Corker calls for a mix of tax increases and limits on Medicare and Social Security benefits. He would raise the Medicare eligibility age incrementally to 67 by 2027 and require wealthier retirees to pay higher premiums.Although he would make all the Bush-era tax rates permanent, Corker wants to cap itemized tax deductions at $50,000, which would affect high-income taxpayers.
On Economics, Foreign Policy, Corker Eager To Act
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