Kerry: Taxes Will Increase When Bush Cuts Expire

Published November 21, 2011 9:06pm ET



Masscahusetts senator John Kerry admitted today that allowing the Bush tax cuts to expire will result in a “major tax increase.” Kerry is a member of the so-called supercommittee.

“You’re guaranteed, unless it’s changed, a major tax increase on January 1st, 2013, when the Bush tax cuts expire,” Kerry said this morning on MSNBC’s Morning Joe. Watch the video below:

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