Tag Archives: tax hikes

Corker says no worries about fiscal cliff

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.

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