Sen. Bob Corker, R-Tennessee, said today the economy won’t tumble over the fiscal cliff, despite all the gloom and doom talk coming from Washington.
Corker told CNBC the expiration of the Bush tax cuts at the end of the year, followed by automatic spending cuts “is just simply not going to happen.”
He didn’t explain exactly how the government would avoid the cliff, but suggested the debt ceiling is a more important issue.
Click here for more fiscal cliff coverage by CNBC.
For the most part, Sen. Bob Corker stuck to Republican talking points when he spoke today to the Knoxville Economics Forum.
The first-term Tennessee Republican said the fiscal crisis the nation faces requires tax reform, entitlement spending cuts and otherwise slashing the size of federal government.
And he made standard Republican cracks about health care reform, Dodd-Frank and the Environmental Protection Agency.
However, he made some in the mostly friendly audience squirm when he suggested a few tax reform specifics.
Sen. Bob Corker will deliver the commencent address on Friday to graduates of the University of Tennessee College of Business, Corker’s office said.
Corker graduated from the College of Business in 1974 with a degree in industrial management.
Graduation ceremonies are 2 p.m. at Thompson-Boling Arena.