Sen. Coburn: "Will I Accept Tax Increases As Part Of A Deal? Yes."
"Even if you do what he wants to do on tax rates, you only affect 7% of the deficit. What we have done is spend ourselves into a hole and weâ€™re not going to raise taxes and borrow money and get out of it. So, will I accept a tax increase as a part of a deal to actually solve our problems? Yes, but the president's negotiating with the wrong people. He needs to be negotiating with our bond holders in China, because if we donâ€™t put a credible plan on the discussion, ultimately, we all lose," Sen. Tom Coburn (R-Okla.) said on ABC's "This Week" on Sunday.