Saturday, June 02, 2012

Weekly GOP Address with Sen. John Cornyn on the upcoming tax increase

While news of the jump in the unemployment rate dominated yesterday's headlines, Sen. John Cornyn of Texas, in today's Weekly GOP Address, warns of more economic turmoil on our horizon: an upcoming massive tax hike.

"Gimmicks won't solve those problems," Cornyn cautioned. "Unless Congress and the President act, January will bring us the largest tax increase in American history—a tax increase of roughly $500 billion. Some have called it 'Taxmageddon.'"

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