President Obama has called for allowing the Bush-era tax rate cuts for the wealthiest Americans to expire as part of any deal to avert the "fiscal cliff." Some Republicans have shown a willingness to cooperate with the president on the matter, while most others appear opposed to hiking rates, citing a negative impact on small business.
Sen. Chuck Schumer (D-N.Y.) said on the same program that he sees "real progress" on the negotiations over revenue increases, citing the growing number of Republicans saying they are willing to raise rates.
Both Schumer and Corker said they believe Democrats and Republicans can strike a deal in time to avert the "fiscal cliff" on Jan. 1.
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