|Sen. Bob Corker (R-TN) is out with a new plan he says could help the nation avert the fiscal cliff and raise over a trillion dollars in new revenue by capping deductions, implementing 'a chained consumer price index,' partially privatizing Medicare and raising the retirement age.
During an appearance on CBS This Morning, Corker indicated that he is flexible on raising marginal tax rates and joined a growing number of Republicans who have publicly broken from Grover Norquist's no-tax pledge:
CHARLIE ROSE (HOST): Are you prepared, as others are doing, to sort of say, 'I'm going to forgo the pledge because it is outdated and the country's problems are too big?'
CORKER: Well, I'm not obligated on the pledge. I made Tennesseans aware, I was just elected, that the only thing I'm honoring is the oath I take when I'm sworn in this January. [...] NORAH O'DONNELL (HOST): Let me...