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Cornyn Cosponsors Bill to Prevent Largest Tax Hike in Nation's History

Press Release

Date: Sept. 14, 2010
Location: Washington, DC
Issues: Taxes

U.S. Senator John Cornyn (R-Texas), a member of the Senate Finance Committee and Republican Leadership, has cosponsored legislation, The Tax Hike Prevention Act, introduced by Senate Republican Leader Mitch McConnell (R-Kentucky) that would permanently extend the 2001 & 2003 tax cuts at a time that unemployment remains high and job creation is stagnant.

"With millions of Americans facing the largest tax increase in the nation's history and many still trying to make ends meet, this bill will protect our families, seniors, and small businesses who are trying to weather this economic storm," said Senator Cornyn. "Raising taxes is the last thing we should be doing during a recession. If these tax cuts are not permanently extended Texans will send more of their hard-earned dollars to Washington, while small businesses, the backbone of our economy, will remain on the sidelines in the face of more economic uncertainty."


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