Conservative Senator Supports Tax Hikes

Tom Coburn is a very conservative senator from Oklahoma who says that if a deal is going to be made with Democrats to save the country from the crushing burden of federal overspending, the GOP will have to offer something. The thing he says must be offered is tax increases.

Bucking many of his Republican colleagues, Senator Coburn said he is willing to raise taxes to close the budget gap. He said tax increases need to be done through tax code reforms and said his Republican colleagues are reluctant to agree to revenue raising mechanisms because they think spending will not be cut.