GOP senator backs tax rate hike on wealthy

Reblogged from CNN Political Ticker:

Washington (CNN) -- In a significant development in the fiscal cliff standoff, Republican Sen. Tom Coburn, a leading deficit hawk, said Wednesday he would support higher tax rates on wealthier Americans as part of a broader deal with President Barack Obama and congressional Democrats to avoid the crisis.

"I know we have to raise revenue," the senator from Oklahoma told MSNBC.

Read more… 382 more words

Tom Coburn is #129 on TrendPo Rank today. Let's see how high he climbs with this news, especially given he's the first GOP Senator to break the ranks.

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