November 5th, 2010
09:15 AM ET
3 years ago

Cantor uses jobs report to make pitch for extending tax cuts

Washington (CNN) – The man who is expected to be the next House majority leader says that ensuring that no one faces a tax increase will help the private sector take the lead in creating jobs.

Current House Minority Whip Eric Cantor made his comments moments after the release of October's jobs report.

"On Tuesday, Americans spoke decisively about their priorities, concerns and the role government should play in their lives. It's time to produce results, and job number one is getting people back to work. We must get the 'for hire' signs out of government windows and into the windows of small businesses. To do that, we need to end the uncertainty that continues to hang over the private sector, and that starts with ensuring that no one faces a tax increase in this economy," says Cantor, a Republican from Virginia who is expected to become the next House majority leader.

The Labor Department reported Friday that the nation gained 151,000 jobs last month, with the unemployment rate holding steady at 9.6 percent, the Labor Department says. The report indicates that the private sector grew by 159,000 jobs.

"I am encouraged that the White House now seems to acknowledge that raising taxes in this environment will only make things more difficult for struggling small business people, families, and investors. In the spirit of working together and listening to the people, I hope that when Congress returns in 10 days we will pass legislation that ensures that no one faces a tax increase," added Cantor.

According to CNN national exit polls, 39 percent of Americans say the tax cuts, implemented by President George W. Bush early in his administration, should be continued for all Americans, with 37 percent saying the cuts should be continued for families making under $250,000, and 15 percent saying the tax cuts should not be extended. The cuts are currently scheduled to sunset at the end of this year.

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Filed under: 2010 • Eric Cantor • House Republicans • issues
soundoff (33 Responses)
  1. George

    I thought the Republicans were worried about government spending? Tax cuts(fleecing the taxpayers to in disguise) will cost another trillion dollars Eric. You should have told the gullible voters that BEFORE Nov. 2.
    That sure is "taking the country back". To the Bush years.

    Wait 'conservative' amnesia victims who voted accordingly, there is more to come.

    November 5, 2010 10:38 am at 10:38 am |
  2. Steve (the real one)

    It is as simple as this:
    The more people have, the more they will spend. They more people spend, the more revenue the government will raise. If you are going to have over spending,let the people do it, not the government!

    November 5, 2010 10:41 am at 10:41 am |
  3. Jeff

    Where are all of the private business jobs that were created since the Bush tax cuts? I would think that by now that we would have seen a significant increase in the number of jobs. How many of these jobs have been created overseas? How many jobs have been outsourced? There is no reason to extend the business tax cuts. Let's give the middle class a break for once and keep their tax cuts.

    November 5, 2010 10:41 am at 10:41 am |
  4. pw

    I can't believed how dumb America has become.

    November 5, 2010 10:45 am at 10:45 am |
  5. ABM

    How can a 3% increase affect jobs? This is total BS and Republicans have brainwashed most of this country into believing that extending the tax cuts will generate jobs. Total hunk of crap. If businesses PROMISE on paper to create X amount of jobs then I would agree but I do not see anything from them to prove they will do anything to hire.

    Businesses got what they wanted during to the mid-term elections by spending their money on lobbyists and funding the Republican Obstructionist campaign when they could have used the money for hiring people.

    Thank you America for doing the wrong thing by voting for the people who are wrong for this country. Let's see how you feel in 2 years.

    November 5, 2010 10:45 am at 10:45 am |
  6. Tanja

    The Republicans ONLY represent BIG BUSINESS! They do not give a rats ass about the middle-class.

    You people are sheep who will now be lead to the slaughter. Big businesses and the rich will now receive more tax cuts and the middle-class will have to pick-up the tab.

    November 5, 2010 10:47 am at 10:47 am |
  7. Beverly - NYC

    Give it a rest Cantor. The middle class needs a tax cut, they bared the burden for the rich for a long time. Paying 2% more isn't sending the Koch brothers or any other millionaire to a soup line, or food bank they will be fine. They will pay accountants more than 2% to tax shelter the milions they earn here on the backs of others. Those making $250,000 a year who find 2% to be such a hardship, should live within their means, and stop spending what they don't have to keep up withthe Joneses. No one need a 40 inch TV where they crap.

    November 5, 2010 10:48 am at 10:48 am |
  8. BPstinks

    The jobs, that Obama created!!!!
    are now used to extend the tax cut which is adding 700 Billion to the deficit.

    November 5, 2010 10:55 am at 10:55 am |
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