GOP senator offers ‘fiscal cliff’ solution

Published November 27, 2012 7:53am ET



WASHINGTON (AP) — A freshman GOP senator is jumping into the debate on how to avoid a “fiscal cliff” of tax hikes and automatic spending cuts, advocating a mix of tax increases with curbs on Social Security and Medicare benefits.

Tennessee Sen. Bob Corker is circulating a 10-year, $4.5 trillion plan loaded with controversial proposals, including a less generous inflation adjustment for Social Security, and a gradual increase in the regular Social Security retirement age to 68 and the Medicare eligibility age to 67.

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