(CNN) - Democrats and Republicans disagreed Sunday over the takeaway from deficit reduction negotiations led by Vice President Joe Biden that broke down when House Majority Leader Eric Cantor left the table.
Republican House Whip Kevin McCarthy of California said Sunday that $2.4 trillion in cuts were agreed on during the negotiations, but Rep. Chris Van Hollen, who participated in the talks, said Republicans are "dreaming" if they think the two sides reached that conclusion.
"We were nowhere close to that and again, they walked out because they didn't want to take away the tax breaks for corporate jets for the purpose of deficit reduction, oil and gas companies and folks at the top," Van Hollen, D-Maryland, said Sunday on CNN's "State of the Union."
The deficit reduction talks are now led by President Barack Obama and House Speaker John Boehner, R-Ohio, who are at an impasse over Obama's push to raise taxes on wealthy taxpayers as part of a deal. Without such increased tax revenue, legislators will be left to work out a smaller deal based on progress made in the Biden-led talks.
McCarthy held the GOP line against tax increases, which he said will not spur job creation. Cantor expressed a similar sentiment after he withdrew from the Biden-led talks.
The Virginia Republican's spokesman said then that tax increases "cannot" be part of the larger debt deal.
"I've never found one tax increase that created a job," McCarthy told CNN Chief Political Correspondent Candy Crowley.
– CNN's Tom Cohen contributed to this report.
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