Congress will have to raise taxes, Pennsylvania Gov. Tom Corbett said this morning, making him the latest prominent Republican to repudiate the no-new-taxes pledge.
"I don't think they can resolve it without increasing some taxes," Corbett told Bloomberg's Erik Schatzker in this program on Bloomberg TV.
"They have to counteract it with entitlement reform," he quickly added.
Otherwise, “every state is going to be affected" with cuts to military contracts and spending for special education, senior citizens, poor mothers and other basic programs.
Corbett seemed comfortable with limiting charitable deductions: "A lot of people" will still give generously.