Republicans Defend Tax Cut Proposal On Nationwide Blitz
CHICAGO (UPI)ÛÓRepublican National Chairman Bill Brock yesterday warned that inflation and the federal budget deficit will increase dramatically next year if Congress does not pass the GOPÛªs 33 percent tax cut program.</br></br>Brock brought the three-day Republican "taxåÈblitzÛ to Chicago, where former Republican governor Ronald Reagan will join the campaign for its last leg today in Oklahoma City and Los Angeles.</br></br>ÛÏIf we do not pass a substantial tax reduction, taxes will increase next year because of inflation and Social .Security,Û Brock said.</br></br>Without a tax cut, he said, ÛÏOur prediction for next year is very pesimislicÛÓa higher rate of inflation, maybe as high as 8 or 9 percent.</br></br>ÛÏThat means weÛªre back in the bad old days of inflation and recession, and the national deficit is going right through the roof.Û