GOP on Obama jobs plan: No tax hikes
September 13th, 2011
12:41 PM ET
3 years ago

GOP on Obama jobs plan: No tax hikes

Washington (CNNMoney) - House Majority Leader Eric Cantor critiqued the Obama jobs plan on Tuesday, pointing out areas lawmakers can agree on as well as areas that House Republicans will oppose - including stimulus spending and tax hikes on the rich.

"We need to work very hard to try to peel off things that we can actually agree on," Cantor said at a summit hosted by the American Action Forum, a right-leaning think tank created by deficit hawk Doug Holtz-Eakin, a former Congressional Budget Office director.

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Filed under: CNNMoney.com • Congress • GOP • Jobs • President Obama
soundoff (41 Responses)
  1. Rudy NYC

    "We need to work very hard to try to peel off things that we can actually agree on," Cantor said.
    -------------
    I see. So, this will be just like the ARA. The only stuff in the bill was only stuff that Republicans liked. Like the ARA, the bill will not include anything that Republicans do not like. But, when the AJA does not behave like a magic silver bullet, then Republicans will lay all of the blame on President Obama and Democrats.

    You folks out there watching this stuff unfold? Remember how this plays out now and in the future. Republicans will position themselves to be in their classic "win-win" position, whether the economy revives quickly, slowly, or not at all.

    September 13, 2011 12:48 pm at 12:48 pm |
  2. grrace

    Okay Cantor. Want to play that way? Then, Dems on Obama Jobs Plan, "NO CUTS." Go ahead Eric Cantor, vote AGAINST the Obama JOBS BILL. Go ahead...WE dare you.

    September 13, 2011 12:49 pm at 12:49 pm |
  3. Sandy

    So how are we going to get people back to work AND pay for it? Let me guess, cut medicare and social security and other things the poor and middle class need.

    PLEASE EVERYONE – VOTE THE REPUBLICANS OUT! THEY SHOULD NOT BE RUNNING THE COUNTRY IF THEY CAN'T REPRESENT EVERYONE!

    September 13, 2011 12:51 pm at 12:51 pm |
  4. Ed

    As always Obama doesn't tell the whole truth about his must pass jobs bill now.

    Obama continues to do what he does best no leadership, spend money he doesn't have and just plain out lies.

    All the Obama fans keep drinking the Kool Aid you must be drinking a loth the past 32 and 1/2 months.

    September 13, 2011 12:52 pm at 12:52 pm |
  5. Lynda/Minnesota

    HIM again, huh? If anyone's proven NOT to care about America, this man certainly needs to be put on top of the list. Shouldn't Cantor and Company be making plans for their monthly week off? I'm all for giving GOP/TeaPers PERMANENT vacations from politics. Less meddling, sooner mended.

    September 13, 2011 12:52 pm at 12:52 pm |
  6. As GM goes, so goes the country...Unions/Democrats killed GM, now they are killing the country

    OK, let's approach this like any sane business person would. Take each Obama proposal individually, not all together, and vote on it. But before doing so, Obama and the Democrats need to tie specific cuts or taxes to each individual proposal. They also need to include a CBO estimate on how many jobs these already failed policies are expected to create AND a means of determining the results. Nothing without all of these components should be voted on.

    We will then know what it will cost, where the money is coming from and what the expected benefit will be AND a way of evaluating the results. Enough of this insane repitition of failed government spending that actually does nothing but make Obama look like he is doing something useful. THREE YEARS of this is already far too much.

    September 13, 2011 12:58 pm at 12:58 pm |
  7. troy888

    cantors' the reason the rest of the house cant get nothing done. they need to charge cantor with treason. he doesnt want this nation to grow. they need to make him pack his bags , and send him to SYRIA.

    September 13, 2011 01:00 pm at 1:00 pm |
  8. Rudy NYC

    Republicans do not want to invest in infrastructure. Do you think that any manufacturing has left our country because of our overcrowded roads and ports?
    Republicans do not want to invest in Education. Too many conservatives feel we should abolish public schools, and rely solely on home schooling. This would retard growth in skilled and technical areas because not every kid can have a doctor or an engineer for a parent.

    Republicans do not want to invest in R&D. This is purely discretionary spending to most conservatives and all of it should be cut to hear them tell it. It was government funded research in the public and private sectors that have led to so many of the technical innovations that we take for granted today.

    Spending in all of those areas has dramatically declined over the past 50 years, especially the last 30. (funny how the year 1981 keeps coming up, isn't it) When measured as a percentage of GDP, we are spending only 25% of what we were spending 30 years ago. We spend only 25% of what we used to on our own kids' futures. Shame on us.

    September 13, 2011 01:03 pm at 1:03 pm |
  9. Sniffit

    Ummm...there are no tax hikes unless the "super committee" fails to pay for it. This is directly from the proposal:

    ""If a joint committee bill achieving an amount greater than "$1,650,000,000,000" in deficit reduction as provided in section 401(b)(3)(B)(i)(II) of this Act is enacted by January 15, 2012, then the amendments to the Internal Revenue Code of 1986 made by subtitles A through E of title IV of the American Jobs Act of 2011, shall not be in effect for any taxable year.""

    And there you have it. The $450B is added right on top of the $1.2T the "super committee" is supposed to come up with. The package of tax reforms that close loopholes and get rid of deductions that primarily benefit the extremely rich and subsidize giant industries that don't need subsidization...that is all added as what gets triggered if the "super committe" fails to reach agreement on the increased amount of $1.65T. It's not different than the triggering mechanism currently in place for the original $1.2T, which would trigger cuts to defense and Medicare provider payouts if the "super committe" fails to reach $1.2T. So, what's really going on here, is that Obama has proposed a very similar mechanism for getting this done to what Congress has already agreed to, but the GOP is desperately trying to mischaracterize it in order to block the jobs proposal...particularly the parts they don't like, which is to say anything that is not a tax cuts or would in some manner benefit the country, help the economy or create jobs, particularly unionized jobs. Cantor and the rest are BLATANTLY LYING to claim that Obama's proposal is based on or requires tax hikes. Rather, they (a) do not want to "give Obama a win" (one of them made that remark yesterday...forget the name though) by passing his bill and (b) they do not want to have the incentive created that they do so, i.e., the threat of getting rid of preferential tax treatment for the rich and corporations hanging over their head if they purposefully scuttle negotiations.

    September 13, 2011 01:05 pm at 1:05 pm |
  10. Jilli

    What a shame. The republicans are putting their loyalty and their pledge to Grover Norquist over their loyalty to this country and to their oath of office. It's despicable. They should be shamed, not encouraged.

    With todays report showing the highest poverty level since 1993, you'd normally expect a call to action from congress – unfortunately, these are not "normal" times. The republicans have stated "we have Obama on the ropes, why would we want to hand him a win?" – problem is, Obama's on the ropes with millions of other Americans. When republicans act AGAINST Obama, they're acting against the nation. It's pathetic. I'm truly disgusted with the house leadership and the republicans inaction.

    September 13, 2011 01:07 pm at 1:07 pm |
  11. Hammerer

    Obama is out of touch with reality. He has no idea of what he is doing.
    He may be a community organizer (some doubts there also) but he has no clue as to the needs of America.

    September 13, 2011 01:08 pm at 1:08 pm |
  12. FactCheck

    Does that include extending the payroll tax cut? Oh I forgot, those taxes are on working class folks, not millionaire conglomerates that finance the GOP.

    September 13, 2011 01:12 pm at 1:12 pm |
  13. bb

    The American Jobs Bill is almost entirely a Republican laundry list of ideas that THEY couldn't (or didn't want) to put together themselves. THAT is very telling in itself. But for them to start filibustering on a Republican-based bill while we have 14 Million families living in unemployment....THAT is just not going to fly well with the public at all. Stop stalling, Cantor. We all know this is a compromise from the get-go, basically a Republican plan that you guys refused to introduce. Pass it now!

    September 13, 2011 01:13 pm at 1:13 pm |
  14. Rudy NYC

    from the article:
    "Let's get some wins on the board together. And then we'll have to disagree to disagree on some of the things that will have to be decided in public debates in the next election."

    One of those areas Republicans want to leave to voters: Tax hikes for the rich.
    ------------–
    We have already held an election on the tax cuts for the rich, and the American people spoke clearly in 2008 about how they felt. "Get rid of the Bush Tax Cuts for the wealthy." The people were quite clear about this. Republicans fought to keep them in place despite the election outcome.

    What Cantor is really saying is that we plan to delay any action on this until 2013. "We are the Party of No."

    September 13, 2011 01:14 pm at 1:14 pm |
  15. ConservaFASCISTS/TeaHadists/Tea Queda/TeaLiban

    There you again speaking out of your bunghole Eric. I'm not a big fan of polls, but majority of Americans want taxes raised on the rich. Can't you get that thru your hollow skull? This notion of stimulus spending doesn't work is a bunch of bs. Message to you TEAtards: there is a thing out there called FACT CHECK

    September 13, 2011 01:18 pm at 1:18 pm |
  16. laura

    Cantor if I voted you into office I would be out there right now demanding you be recalled You refuse to do anything to help anyone in your district let alone America you should be ashamed of yourself but you won't because your morally bankrupt except when it comes to the RICH If anything the President suggests will help America you automatically say NO Your only concern is making President Obama a one-termer despite how its hurting America When you disrespect the President you disrespect the American ppl I stand behind President Obama 100% I voted for him in 2008 and I will vote for him in 2012 I dare you Repubs Tea party to keep holding America hostage Trust me America is waking up and your Teaparty buddies are losing ground President Obama 2012

    September 13, 2011 01:21 pm at 1:21 pm |
  17. GOP hates Middle Class

    Just keep on protecting your corporate masters and your rich Koch cronies, Eric.
    I'm an Americam person and Cantor, Boner, nor any of the GOP class warfare engagers do not speak for me.

    September 13, 2011 01:21 pm at 1:21 pm |
  18. Booming in the Sands

    Disagree with Obama and boy liberals get angry in a hurry. This is baby stuff compared to what they did to Bush for 8 years so get used to it. He can fly around the world touting the same warmed over tax the rich idea and its not going anywhere. The problem with the GOP is it took them forever to grow a spine and now we thankfully have people in Congress like Cantor and company that will block this trash. Pelosi & Reid still makes Cantor look genteel but he is improving.

    September 13, 2011 01:22 pm at 1:22 pm |
  19. TEA PARTY Mike

    A new Rasmussen poll out today shows Obama's new plan is not popular with voters and shows support for Republican ideas.
    The Rasmussen poll shows only 38% of voters favor Obama's new plan. His details are just out, so maybe minds can be changed yet, but initial support is very weak.
    In the same poll only 24% of voters said they believe government spending creates jobs while 62% said they believed reducing regulations on businesses would create jobs.

    This poll shows strong voter support for the Republican positions of not using the Keynesian spending approach and instead getting government out of the way of job creators by reducing regulations.
    And the Chamber of Commerce, an organization of job creators says Obama's plan will not help much.
    It does not look like Republicans face any political risk not supporting Obama's plan. Obama and the left can carry on there political circus all they want, I don't think Republicans will worry about it one bit. The risk for Republicans with voters would be to do nothing or to pass a bill that voters do not like. Passing Obama's plan would be passing a bill voters do not like, Republicans are not going to do that.

    September 13, 2011 01:24 pm at 1:24 pm |
  20. DA

    Taxes will have to go up at some point, so I really don't know why the GOP continues with their stupid logic. I mean if not by the Fed it will be by everyone who lives in a State and pay state taxes. If live in State where you don't then you better start looking at your property taxes, sales, or any other thing that can be taxed. I mean at some point you have to increase revenue and given the state of the Country, ya need to get it from those who have it!!!

    September 13, 2011 01:25 pm at 1:25 pm |
  21. Chris~Albany, NY

    So your going to riase my taxes so someone making a mill a year or more can get their taxes reduced. Yeah, great ya prick.

    September 13, 2011 01:27 pm at 1:27 pm |
  22. Four and The Door

    "Republicans are not going to accept tax increases if the goal is to grow the economy," he said. "The president can suggest it's very simple, but it's tax hikes on people that create jobs."
    _____________________________________________________________________________________________
    This is true. Lowering the high unemployment rate is an important objective. It's also well known that small businesses can have the greatest impact to create jobs. Right now many small businesses have plenty of demand and things to do for new employees, but no money to invest in increased payroll. Very large businesses are the ones with all of the cash. Small businesses have to manage cash very closely and payroll is one key area where small business owners have flexibility to manage costs. Raise or even threaten to raise taxes on these business owners and it's guaranteed that some of them will choose not to hire that new employee they need. In many cases they will have no choice.

    September 13, 2011 01:28 pm at 1:28 pm |
  23. California Conservative

    Continuing the same failed policies of this administration and expecting a different result is well the very definition of insane.

    September 13, 2011 01:28 pm at 1:28 pm |
  24. Sniffit

    Based on my previous post and the following quote, the article headlined "Tax the rich: How Obama will pay for his stimulus package" is grossly misleading and should be pulled down:

    ""If a joint committee bill achieving an amount greater than "$1,650,000,000,000" in deficit reduction as provided in section 401(b)(3)(B)(i)(II) of this Act is enacted by January 15, 2012, then the amendments to the Internal Revenue Code of 1986 made by subtitles A through E of title IV of the American Jobs Act of 2011, shall not be in effect for any taxable year.""

    That article talks all about Obama wanting to pay for the $450B AJA with all sorts of tax changes, but it fails to ever mention, not even once, that the tax changes only occur if the "super committee" fails to agree on a way to pay for the additional $450B. The reality is, "Obama wants to pay for the AJA" by having the "super committee" and Congress DO ITS FREEKIN JOB FOR ONCE...ESPECIALLY THE JERKS WHO RAN ON "JOBS JOBS JOBS" LAST YEAR AND HAVEN'T LIFTED A FINGER ON THE ISSUE ALL THIS YEAR. The tax changes were only in there as a triggered alternative to incentivize the "super committe" coming to an agreement, to show that there are plenty of ways to cut things to pay for it AND TO HIGHLIGHT THAT THE GOP IS PRIORITIZING PREFERNTIAL TAX TREATMENT FOR THE RICH AND CORPORATIONS OVER PROVEN METHODS OF JOB CREATION AND ECONOMIC STIMULUS. THAT is why the GOP is freaking out right now. He's called their bluff for anyone who is actually paying attention and taking the time to understand what has been proposed and to listen to the non-partisan economic experts saying it is a good proposal.

    September 13, 2011 01:31 pm at 1:31 pm |
  25. Woman In California

    I just can't wait until the democrats CONTROL the House again. If they don't block, disrespect and obstruct progress, I'm withholding my vote. I have had it with these (R) pigs. Since they only understand stupidity – then I say give it to them.

    September 13, 2011 01:32 pm at 1:32 pm |
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