Tennessee Senator Corker says he regrets his tax cut vote

Apr 13, 2018

WASHINGTON, D.C. (OSBORNE)  --  In a scathing critique Tennessee Senator Bob Corker says the American people, President Trump and politicians on both sides of the aisle are to blame for the nation’s rising debt.

Tenn. Senator Bob Corker
Credit senate.gov

In a meeting Thursday of the Senate Budget Committee Corker was unsparing in his criticism of last year’s tax cuts and this year’s budget plan.

Corker was reacting to a presentation by Congressional Budget Office Director Keith Hall that suggests the two measures taken together will balloon the national debt to an estimated $33 trillion within ten years.

“I mean I listen to this partisan bickering over blaming people. It’s ridiculous. We are absolutely not capable of dealing with our country's finances and of course a big part of it is the American people don’t really want it to be controlled.”

Corker voted against this year’s spending plan, but voted in favor of last year’s massive tax cuts. Corker told the committee Thursday he now consider the tax vote one of the worst decisions of his political career.

“This Congress and this administration likely will go down as one of the most fiscally irresponsible administrations and Congresses that we’ve had.”

Corker sparred with CBO Director Hall over just how quickly the national debt will grow, but the two agreed that the numbers do not support the Republican contention that a growing economy will make up for the deficit spending.

Senator Corker will be retiring from the Senate at the end of the year.

You can review Senator Corker's full statement here beginning at 43 minutes into the CSPAN archived video.