Political Headlines June 2, 2012: GOP Weekly Address: Sen. John Cornyn Cautions Against ‘Taxmageddon’ Unless Congress Extends Bush Tax Cuts

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GOP Weekly Address: Sen. Cornyn Cautions Against ‘Taxmageddon’

Source: ABC News Radio, 6-2-12

United States Senate

In this week’s Republican address, Texas Sen. John Cornyn warns Americans of ‘Taxmageddon’ — or what the GOP says will be the “largest tax increase in American history” without action by Congress and the president.

“Make no mistake: every single working American will see his or her taxes go up on January 1st absent action,” Cornyn says in the address. “Family budgets will be squeezed even tighter. Disposable income will shrink.  And many jobs will be destroyed.”

WATCH Sen. John Cornyn, R-Texas, deliver this week’s GOP Address…READ MORE

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