WASHINGTON (CNN) – House Majority Leader Eric Cantor said Tuesday that President Barack Obama provided further details of his plans for entitlement reforms at the latest round of deficit reduction talks at the White House.
Cantor said Republicans support what the President laid out in terms of entitlement cuts. However, the Virginia Republican said his GOP colleagues in the House won’t support any tax revenue increases.
“Nothing can get through the House right now – nothing, that’s the issue,” Cantor said of any kind of tax increase. He suggested that Congress consider Obama’s proposed entitlement reforms without any corresponding tax increases, a proposal that Democrats were considered certain to reject.
Cantor also said that at Tuesday’s meeting, Obama ”walked through” his proposal to end Bush-era tax cuts for the wealthy while extending them for families that earn less than $250,000 a year. The negotiators also talked about how to include tax reform as part of a larger deficit deal, but Cantor said Obama didn’t commit to a specific tax rate for the wealthiest bracket under his plan.
The question of progressiveness in a reformed tax system, with wealthier Americans being assessed a higher tax rate, is a sticking point in the deficit talks. Republicans want lower rates for all in a reformed tax system, while Democrats want to make sure that wealthier Americans shoulder a larger tax burden than the middle class.
CNN's Tom Cohen contributed to this report.
Cantor continues to push for the eradication of the middle class to subsidize corporations. Never capitulate to this Koch puppet. nEVER.
Cantor is the real force behind the stalled negotiations. Gut the middle class, subsidize the corporations with the social security surplus. What a wonderful Corporate shill.
Do NOT blink Mr President...do NOT cave as the GOP is hoping you'll do. The only way to defeat a bully is to stand up to them.
If Cantor is in favor of something, you can bet that it's something that will further his career. He's a rich, spoiled politician who's married to money and who doesn't do anything that doesn't help him personally.
I hope every American voter read this story on Cantor and realize that all republicans should be voted out of office in 2012 for wanting to even consider that only the middle class pay and not the rich. How much more do we need to see and hear that the people of american will be doom under a republican president, a republican senate and a republican house. Election day should be 7-13-11.
Cantor is the John Calhoun of 2012 without the intelligence or instinct....he will go down in infamy as Calhoun has as well.....both because they put ideology and personal advancement in front of the interests of the country....
What a surprise...Republicans are willing to consider the carrot that is being offered to them to entice them to compromise, but they are not willing to accept the compromise itself.
First of all, Social Security is NOT – I repeat NOT – an "entitlement"! Republicans think that just because they keep calling it that, they will make everyone think that it is. That tactic only works on the brain dead sheep who blindly follow them.
Secondly, we've been trying the Republicans tax cut plan for a decade now and all it has gotten us is multi-trillion dollar deficit, record unemployment, the worst economy since the Great Depression, and the rapid concentration of wealth in the hands of a few while the other 95% of Americans have seen their standard of living steadily decline. Yet they keep pushing their tax cuts solve everything mantra.
This has stopped being about different viewpoints. It has become quite evident that the Republican policies are doing terrific harm to this country and they blindly refuse to see it.
Get your money out of the banks and let this mess crash and burn.
Stop calling efforts to eliminate tax loopholes and scams like off-shore headquartering of businesses. "tax increases", you lying weasel. Your corporate overlords have done very well thanks to dirt like you; it's time for them to stop stealing from America and pay their fair share.
Cantor's problem has nothing to do with taxes. He blithely supported every increase in the debt limit when the Bush administration held the White House despite that fact that we were losing jobs right and left. This is about Obama's being Black. It is unbelievable to me that so many of these people live with this hatred of anyone who doesn't look like them. And then there are the voters who actually vote for them. It's no wonder we have so much crime in this country.
Cantor is a "Huge " Failure to America. I,ve been political for 30 yrs,and still Having a difficult time thinking, "Who is this Clown???? Here is this little frail,black haired guy, "Dinking Aound with our livelyhoods, threatening healthcare for our Children,cutting education,throwing hard working Americans out in the streets? Dictating how American women can choose their "Reproductive Health" "Crushing Americas Image to the World,and saying "Americans want this?????? Who is this "Threat to our country??? You don,t Speak for me,Mr.Big Pockets!!!!! Same with McConnel,Boehner!!!!!
Why do we have to bow down to the rich & mega corporations? Why do they get the preferred status? Cantor should spend his time sticking up for the middle class. That is the group that moves this country along.
Cantor and his GOBP crony corporatists care nothing about average Americans. This low-life weasel went so far as to make investments betting against the debt ceiling being raised.