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.