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John Cornyn to President Obama: Take tax hikes off the table in budget talks
Sen. John Cornyn said he is glad President Barack Obama involved himself in debt talks, but warned that Republicans would not agree to income tax hikes.
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Kay Bailey Hutchison asks for compromise, quick action on debt ceiling debate
With the Aug. 2 default deadline less than 120 hours away, Hutchison said both houses of Congress must quickly find an agreeable solution so the country won't hit the debt ceiling, causing a potential...
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Sen. Kay Bailey Hutchison urges cutting spending on overseas military bases
Look "over there" for spending cuts, senators tell deficit-cutting super committee.
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The Week Ahead: Obama budget to seek $1.5 trillion in additional revenue over...
The budget will specify $1.5 trillion in increased revenue over ten years from the expiration of the high-end Bush tax cuts and limits on deductions for families earning more than $250,000. Later this...
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Rep. Kevin Brady calls White House estimates of budget savings ‘untrue’
Texas Rep. Kevin Brady took on the task of fact-checking White House Chief of Staff Jack Lew's claim "that for every dollar of new revenue, the budget [proposed Monday by President Obama] includes...
View ArticleWarning: 91,000 Texas jobs at risk if automatic spending cuts hit Pentagon
As the cuts loom, Democratic and Republican leaders have signaled that they will likely avoid making painful budget decisions until after the November election. “It's like watching a train wreck,” said...
View ArticleThe Week Ahead: With no debt limit negotiations underway, default is a...
The consequences of default could be profoundly severe, including rising bond costs and runs on the dollar and Wall Street.
View ArticleCommentary: Hey Tea Party, let’s shift focus from taxes to spending cuts
Until a majority of far less wealthy Americans come to the realization that their own taxes will have to be raised to reconcile an endless series of trillion-dollar federal deficits, the focus on...
View ArticleTexas to see significant defense cuts in event of sequestration
They say everything is bigger in Texas and beginning March 1, that includes reductions in military spending. Scheduled Army budget cuts could amount to an economic loss of around $2.4 billion for the...
View ArticleRep. Mike Conaway: ‘Essential services should not be threatened to make a...
Texas on the Potomac welcomes guest commentary from across the political spectrum. Today, we welcome a guest blog from Texas Rep. Mike Conaway, a Republican from Midland. The House of Representatives,...
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