April 17th, 2010
10:38 AM ET
5 years ago

Cantor hits Dems on taxes, spending

(CNN) – At the end of a week in which many Americans finalized their tax returns, House Minority Whip Eric Cantor used the weekly GOP address to warn that if Democrats remain in power, they will make "the 'tax days' of the future much much worse."

The Virginia Republican said the country is at a turning point and that Democrats don't have the right answer.

"The Democrats control every lever of power in Washington and they've never met a tax they didn't like or found a dollar they couldn't spend. Their economic plan? You pay, they spend, your children owe. You deserve better," Cantor said, adding that Republicans offer an alternative.

"But take hope. Down the other path is responsible, adult leadership, focused firmly on job creation and economic opportunity. We believe in a Congress that will once again listen to the people and return America to the country they know and love."

Read the full remarks after the jump:

"Hello. I'm House Republican Whip Eric Cantor and I have the great privilege of representing the hardworking people of Virginia's 7th District.

"This week, Americans from coast to coast sent their tax payments to Washington. Your government continues to spend more and more, and that means that your taxes are more and more. This has to stop – and you can help stop it.

"The challenges and situations faced by families, small business people, and young workers have no doubt made this tax day particularly painful. But as painful as it was, the truth is that the actions taken by Speaker Nancy Pelosi, Majority Leader Harry Reid and the Obama Administration are going to make the 'tax days' of the future much much worse.

"President Obama has signed 25 tax increases passed by the Democratically controlled Congress into law that will cost families and small business people more than $670 billion over the next 10 years. Many of these break the President's campaign promise not to raise taxes on families making less than $250,000 a year. In the House, Speaker Pelosi and her majority have passed legislation that would result in more than a trillion – that's with a T – dollars in net tax increases.

"But tax increases are the symptom. Runaway spending is Washington's disease.

"The Democrats control every lever of power in Washington and they've never met a tax they didn't like or found a dollar they couldn't spend. Their economic plan? You pay, they spend, your children owe. You deserve better.

"Speaking of your children, the deficits left in the wake of President Obama's agenda now stand at $1.5 trillion and will add $11 trillion to our national debt over the next 10 years. One non-partisan study reveals that to keep up with this spending, the government would have to find about half a trillion dollars each year in new revenue. That means that the tax rates on families earning slightly more than $200,000 would skyrocket to well over 70 percent.

"That's right, 70 PERCENT!

"Democrats have already made clear that more tax increases on income, capital gains and dividends are on the way. Some, including the President himself, refer to this as letting the 'Bush tax cuts' expire. But no matter how he spins it, it means you'll be paying more and more. At the end of this year, Americans will face the 'Obama tax increase,' and it will be the largest in history. As if that wasn't enough, others, including Speaker Nancy Pelosi and Obama Economic Advisor Paul Volcker support a European-style value-added tax (VAT).

"Higher taxes, reckless deficits, unsustainable debt and a bleak future for our kids and grandkids. We must not leave our children a country more in debt and worse off than we found it. It is our moral obligation to act now to put a stop to this.

"America is at a critical point of decision making. We are a nation at a crossroads. It is up to each of us to determine what kind of country we want to be.

"Down one path is the Democrats' trillion dollar health care overhaul, a stimulus law that failed to meet expectations for job creation, the taxpayer funded bailouts of private companies, and a cap-and-trade policy that will impose a massive energy tax upon all Americans. All are costly policies that seize more control over the economy and of our lives. The goal? To remake America in the image of Europe.

"But take hope. Down the other path is responsible, adult leadership, focused firmly on job creation and economic opportunity. We believe in a Congress that will once again listen to the people and return America to the country they know and love. We believe in a limited but effective government that provides a safety net for those who need it most, but sets no limits on opportunity or achievement. We believe that it's not enough just to talk about ending government waste. You have to take action so that we can begin to erase our deficits and free our children from our debt. And rather than putting the squeeze on our nation's job creators and entrepreneurs, we believe in a pro-growth strategy to create jobs and empower the American entrepreneur and small business people to thrive.

"This is our choice.

"I'm Eric Cantor, and on behalf of my Republican colleagues, please know that we hear your concerns and we'll work hard to get Washington working for you once again. Thank you."


Filed under: Eric Cantor • GOP weekly address • Taxes
soundoff (140 Responses)
  1. ib

    People need to listen to Cantor before it's to late while we still have a country. This out of controll spending has got to stop and stop now.. Wake up people; this can't continue.

    April 17, 2010 10:39 am at 10:39 am |
  2. RON

    We followed these for eight years that why we are in this mess.

    April 17, 2010 10:40 am at 10:40 am |
  3. MIke

    this guy is a major TOOL. Did he not mention anything about the deficit being mostly caused by BUSH and the REPUBLICIAN controlled house and senate from 2000 – 2008? Come on Eric...tell the WHOLE story...you and your party are JUST AS GUILTY as the Democrats. You are a liar!

    April 17, 2010 10:45 am at 10:45 am |
  4. wally

    Eric Cantor is an idiot...the reckless deficits and unsustainable debt came from the Bush tax cuts for the rich that were not paid for, the unpaid Medicare Prescription Drug Program and two wars that we are still paying for, and the squandering of the surplus Clinton left behind.

    The President and the Democrats are responsible for legislation that lowered the tax obligation for 95% of Americans this year and they do owe them a thank you letter. The Republicans oppose financial reform...they are the ones that deregulated it...so make no mistake. You vote Republican...you'll get more of what Obama inherited.

    April 17, 2010 10:48 am at 10:48 am |
  5. get real

    GOP message: Don't pay attention to the fact that your taxes went DOWN under Obama. The sky may be falling in the future. Trust us. What have we ever done to damage this country?

    Oh, where do I start????

    April 17, 2010 10:48 am at 10:48 am |
  6. Ben

    Tell it like it is Eric! The Dems can't handle the truth.

    April 17, 2010 10:48 am at 10:48 am |
  7. phoenix86

    Wait for Obama to end the Bush Tax Cuts, which will increase taxes for all Ameircans, then propose a national sales tax. This should ensure that the private sector (the ONLY sector that creates jobs) continues its decline and American continues on the Obama Path to Poverty.

    April 17, 2010 10:49 am at 10:49 am |
  8. get real

    OK – let's go back to President Reagan's tax rates. Oh, wait....

    April 17, 2010 10:50 am at 10:50 am |
  9. annie s

    Rep. Cantor, like all Republicans, succeeds only by instilling fear in Americans. The truth is that the stimulus plan is working exactly as planned by having created 2.5 million jobs, the economy is improving, and the health care bill will ultimately reduce the deficit. If the administration allows the Bush tax cuts to expire for those making over $250,000 per year, we'll decrease the deficit further. Republican policies help corporations. Democratic policies help US.

    April 17, 2010 10:50 am at 10:50 am |
  10. Stacie

    Hmmm, this message seems to only be for people making "slighly" more than 200K. I guess I don't have to pay attention to Mr. Cantor. He's not concerned with me and my 175K family income. I'm not rich enough for the GOP.

    April 17, 2010 10:51 am at 10:51 am |
  11. MaryJo

    Poor Mr. Cantor does not recognize that Washington is working for me and has lowered my taxes. I am a small business, and I am grateful. Hopefully in the upcoming election the 7th District of Virginia will hold this man accountable for his distortions of the facts, his votes against those things that benefit his constituents because he wants to be nothing but an obstructionist, and his inability to put forth anything other than the same old talking points that the GOP has been spewing for the last 20 years.

    It is my fervent hope that the 7th District will send Rick Waugh to Washington so that central Virginia will have a real representative.

    April 17, 2010 10:53 am at 10:53 am |
  12. Jim in San Mateo

    We've seen "adult" leadership. It amounts to staying in the way of everything the Democrats and the people of this country need and want. Saying No to everything just because the opposition has said yes isn't leadership it's obstructionism. Sadly the Republicans are saying no to the very things they said yes to for years.

    How can they say they offer "adult leadership" with a straight face? No wonder the American people have such a negative view of Congress.

    April 17, 2010 10:53 am at 10:53 am |
  13. Jobless Recovery

    The facts speak for themselves....Obama/Pelosi/Reid have us on an unsustainable & reckless course. Nov 10 may be one of the only opportunities left to right the ship b4 this nation's downward deficit/debt spiral crushes every American's pocketbook. Let the intolerant Libdems put a partisan spin on this.

    April 17, 2010 10:53 am at 10:53 am |
  14. beevee

    MR. Cantor knows full well that he talking BS and a pack of lies. It seems like all the negative comments coming from every GOP member in the congress and senate that they are just ganging up against Obama administration and want Mr. Obama a one time president. I hope americans do not listen to this kind of nonsense and decide for themselves whether the current administration is doing things that will benefit us in the long run.

    April 17, 2010 10:54 am at 10:54 am |
  15. LouAz

    Wonderful Flat Earth Party talking points. Obama this, Obama, that, blah blah blah. Just trust Rpublicans and everything will be allright. You know, I can't tell you exactly what we'll do, but just trust us and we'll put Humpty Dumty together again, and we'll get Bin Laden too. Oh, I can't wait till everything is OK again like it was under Bush.

    April 17, 2010 10:57 am at 10:57 am |
  16. drew

    Oh shut up, Cantor.

    April 17, 2010 10:59 am at 10:59 am |
  17. John Starnes Tampa Florida

    His words are contradicted by the tragiceight years of American history that preceded the Obama presidency. His party took a vast surplus and turned it into a record-breaking deficit in part by giving tax breaks to the wealthy AFTER starting an unneeded, illegal and immoral war in Iraq and botching badly the questionable war on Afghanistan. Does he think that millions of Americans have forgotten those cold stark facts? Is duplicity and deception an essential aspect of his party? Sure looks that way.

    April 17, 2010 11:01 am at 11:01 am |
  18. John Starnes Tampa Florida

    His words are contradicted by the tragic eight years of American history that preceded the Obama presidency. His party took a vast surplus and turned it into a record-breaking deficit in part by giving tax breaks to the wealthy AFTER starting an unneeded, illegal and immoral war in Iraq and botching badly the questionable war on Afghanistan. Does he think that millions of Americans have forgotten those cold stark facts? Is duplicity and deception an essential aspect of his party? Sure looks that way.

    April 17, 2010 11:02 am at 11:02 am |
  19. Len Smith

    Congressman,

    The Republican party has never offered an alternative, except for the very rich and you know it. Stop trying to drag this country down. Where were you during the previous administration when a surplus was turned into a deficit? Decide now that you want to make America better and get off you high handedness and join to party of the people, the Democrats.

    April 17, 2010 11:04 am at 11:04 am |
  20. rdepontb

    Mr. Cantor, if you hadn't been caught flat out gaming the American people so many times, if you had an honest look in your eye even, I would be only too happy to regard you as "the loyal opposition party" representative.

    However, you have shown time and again to read off of cue cards the same tripe sound bites that your Republican leadership chirps about. We are onto you. You and your short-sighted pollster Frankie.

    Mr. Cantor, at this point, you need to be replaced by someone more neutral, like Scott Brown with experience-the current leadership has proven itself to be poison to governing this country.

    April 17, 2010 11:07 am at 11:07 am |
  21. Frank

    Funny, where were you Eric Cantor when:

    1. Bush spent trillions on 2 tax cuts for 5% of the population
    2. Bush started two wars that cost 3 trillions
    3. Bush decided to give billions of contracts to his buddies

    i could go on but you republicans have lost your ways. I am embarrassed that I voted for a republican last election.

    April 17, 2010 11:07 am at 11:07 am |
  22. Shelly

    Wow ! Blows my mind away at how the Republicans can lie day after day with not a blink of an eye! They all need help for their amnesia. How can they forget the trillion dollar war in Iraq that was never funded and the Medicare expansion that was never budgeted. And then add the Bush/ Cheney tax cuts that turned a Clinton surplus to a massive Bush deficit.
    Puleeze they cannot even keep their own budgets....the strip club spending , the Hawaii palooza and spending of tax payer money by Senators for their own pleasure( Sanford and Ensign).
    The Republicans need to keep quiet about spending and deficits till their own house is in order!

    April 17, 2010 11:07 am at 11:07 am |
  23. Laurie

    The Republicans want to "erase deficits and free our children from our debt." Mr. Cantor were you worried about the Bush tax cuts, the two wars, and all of the frivoulous spending of the Bush administration? It is my opinion that it is absolutely great when it benefits you, your party, and your fat cat friends. I want to reiterate that you and your band of rich colleagues don't give a hoot about the middle class or the poor, so quit pretending that you do. George W. Bush's administration effectively caused this mess with your blessing. Please work to correct what your party has done to this nation and quit refusing to paricipate in fixing this mess. If you can't work on this mess, shut your mouth.

    April 17, 2010 11:08 am at 11:08 am |
  24. Robert

    It is shocking to me that any Republican would have the gall to make a speech like this after what the Republicans did to this country for 8 years – after being handed a surplus.

    "We must not leave our children a country more in debt and worse off than we found it..."

    And yet you and your party did. Where was your fiscal outrage when your own party nearly destroyed this country. Where is your outrage that Mitch McConnel met with Wall street exec's to strategize how to defeat regulations to prevent another financial meltdown.

    I'm sorry, but Republicans have no place to lecture Obama or the rest of us on how it should be done.

    You had your chance – a golden opportunity with a big surplus at the outset – and you BLEW it. Quit with the hypocrisy already.

    April 17, 2010 11:09 am at 11:09 am |
  25. maf

    Cantor promising you will have a GOP congress that will "once again" listen to what the people want. . . HA! If the Party of NO was more concerned about the debt load passed on to future generations, they would not have allowed GB to start throwing money into a vacuum with Iraq. The Republicans could participate in the process of taking care of the debt now, rather than obstructing every bill coming forward and using scare tactics and fear to provide the smoke screen because they have NO PLANS that are better than the Democratic plans on the table.

    It will be a cold November when these obstructionists get voted out!!
    Can't wait!

    April 17, 2010 11:10 am at 11:10 am |
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