Sen. Tom Coburn (R-Okla.) said Wednesday that he would rather raise tax rates than eliminate loopholes and cap deductions in a "fiscal cliff" deal.

"Personally, I know we have to raise revenue; I don't really care which way we do it," the conservative senator told MSNBC. "Actually, I would rather see the rates go up than do it the other way, because it gives us greater chance to reform the tax code and broaden the base in the future.”