Republican Senators Corker, Toomey reach deal on budget resolution

WASHINGTON (Reuters) - U.S. Republican Senator Pat Toomey and Bob Corker, both members of the Budget Committee, said on Tuesday they had reached an agreement on a budget resolution that would allow for tax cuts over a 10-year period. "While each member of the caucus will have to make their own decision, I believe our agreement gives the tax writing committees enough headroom to achieve real tax reform that eliminates loopholes and lowers tax rates for hardworking Americans," Corker said in a joint press release with Toomey. Toomey said: "I am confident the budget agreement I have reached with Chairman Enzi and Senator Corker will give the Finance Committee the headroom needed to write a pro-growth tax plan that reforms the code, causes the economy to surge, and ultimately results in reduced federal budget deficits." (Reporting by Eric Beech; Editing by Mohammad Zargham)