Can You Afford Six More Years of John Cornyns Tax and Borrow Policies?
For immediate release: Contact: Holly Shulman (713) 621-7425 Wednesday, October 1, 2008 On Heels of $700 Billion Bailout for Wall Street, Cornyn Opposes ‘Pay As You Go’ Houston, Tex. – At a time when Texas families are increasingly struggling to balance their own budgets, Senator John Cornyn continues to promote failed and reckless economic policies, said the Rick Noriega campaign today. After voting to dish out a $700 billion bailout to his Wall Street lobbyist campaign contributors, Cornyn stated his opposition to pay-as-you-go rules, which require that tax cuts and certain spending increases must be offset by spending cuts or other tax increases, preventing out-of-control spending. According to the Austin American Statesman, “Cornyn has opposed the pay-as-you-go principle. For example, he voted against using increases in taxes on the country’s largest oil companies to pay for a series of alternative energy programs and tax credits.” “The bill for John Cornyn’s fiscal irresponsibilit
