Sen. Cornyn Delivers Weekly GOP Address On Jobs And Tax Reform

Texas Senator John Cornyn delivers the Weekly Republican Address on the need to prevent the largest tax increase in American history, saying, "The bipartisan consensus is simple: We should lower the rates and broaden the base... but we won't get real tax reform until we get real Presidential leadership." Republicans are working to help create a better environment for job creation, protect family incomes, and strengthen the economy. As Senator Cornyn says, "The time for action is now. The longer that President Obama dithers, the greater the harm to our economy."

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[ks77slim]

Is it true that taxes were higher during the Eisenhower years?

[Sandy Vee]

The other question here is are they going to tax the 42% of the people living and enjoying this country anything at all? Are they going to try and get them back to work even if the don't want to work? Are they going to do anything about the 22 million illegals living and working here? All these cost us huge sums of money and yet the elected officials haven't the guts to do anything about them. Just getting rid of illegals would cut deficit in half.

[Sandy Vee]

If the Bush tax cuts expire it will be a huge increase on low and middle income Americans. Those cuts favored these two groups more than then "rich". Married - penalty comes back. Children - loss $500 tax credit per child. Special needs - special education tax credit goes away. Inheritance tax goes back up. I0% bracket - goes to 15% and all the other creep up. I use the market to invest for business growth and increasing the capital gains tax will slow my growth up to 27%.

[Sandy Vee]

Harry Reid is proposing an increase in payroll taxes to "privately held corporations making over $250,000 per year). Translation of that is every small business in America. The reason for the increase? To pay for the extension of low interest rates for student loans. Guess what that extension will save each student? Exactly $7.00 per month... Nice job creation tactics.

[Sandy Vee]

that would leave all the people that don't want to work with the only option they have - to fine a job. The economy would indeed rock .....

[Sandy Vee]

People like this guy are the reason I don't want term limits. He speaks the truth and votes for the the people.

The FED needs to go. Their current policies will leave us with high inflation, higher interest rates and loss of world reserve currency for the dollar. This will cause another economic collapse, but the bank won't suffer because they will always get bailed out.

The world's larges bank cannot fail because they are de-facto sovereign credits.

[Sandy Vee]

Despite problems in Europe, both the European Central Bank and the US Federal Reserve have the ability to stop any run on the banks. Previous actions by the FED have committed them to an inflationary policy to save the banks and continue the monetary system they have today.

The price we will all pay in inflation and loss of the dollar as world reserve currency. To leave this problem means that the wealthy can prepare for collapse, but the world's largest banks will continue to be bailed out.