Sen. Cornyn: $3.6 Trillion Budget Spends, Taxes & Borrows Too Much
Says we need a budget that creates jobs, allows taxpayers to keep more their hard earned money and helps get our economy back on track
U.S. Sen. John Cornyn, a member of the Senate Budget and Finance Committees, released the following statement regarding Senate passage of the FY10 Budget Resolution.
"Throughout the budget process, I have done my best to keep taxes low, reduce wasteful spending, and curb runaway deficits. The final budget passed by the Senate included two amendments that I offered. Democrats and Republicans unanimously accepted my amendment clearing the way for the formation of a federal Sunset Commission based on our successful Texas model. The second, accepted by an overwhelming bipartisan majority in the United States Senate, makes it much more difficult for the President and Democratic majority to raise taxes on small businesses.
"Unfortunately, in the end, this $3.6 trillion budget still spends too much, taxes too much and borrows too much. I am hopeful, however, that drastic changes will be made in conference producing a budget that doesn't hinder job creation, allows taxpayers to keep more their hard earned money and helps get our economy back on track."
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