Cantor accuses Obama, Democrats of supporting a 'tax hike'
August 4th, 2012
06:00 AM ET
2 years ago

Cantor accuses Obama, Democrats of supporting a 'tax hike'

(CNN) - House Majority Leader Eric Cantor hit President Barack Obama and Senate Democrats on Saturday for supporting a "tax hike" in the ongoing dispute over who should benefit from an extension of Bush-era tax breaks.

"House Republicans, joined by 19 Democrats, passed a bill to stop the looming tax hike that will hit all Americans next year," Cantor, a Republican from Virginia, said in his party's weekly address.

"On the other side of the Capitol, in the Senate, a Democrat-only plan to hike taxes passed. The president sided with Harry Reid and the Democrats, insisting that their plan to raise taxes was the answer for economic growth."

Cantor was referring to votes to extend the Bush-era tax cuts, which Republicans want to see extended on income of all levels.

But Democrats generally want to see it extended on income under a certain threshold. Obama has proposed a level of $250,000 and says tax on income above that level should be assessed under "the tax rates that existed under Bill Clinton."

The Virginia Republican said that the unemployed are "frustrated by the lack of results in Washington," and cited a study that found not extending the breaks "could result in the loss of over 700,000 jobs."

"But I am hopeful that with the passage of a bipartisan bill to stop the tax hike in the House and with unemployment still above 8% that President Obama will return to the position that he embraced less than two years ago and agree that now is not the time to be raising taxes on small business job-creators and the hardworking taxpayers of this country," Cantor said.

In remarks in Washington on Friday, Obama praised the Democratic-led Senate for passing a proposal that he supports.

"That means 98 percent of Americans won't see their income taxes go up next year," Obama said. "That means that 97 percent of small businesses wouldn't see their income taxes go up next year - not a single dime. That would be important. And that's why it's so disappointing that, so far, at least, House Republicans have refused to follow the Senate's example and do the same thing.

"We're saying nobody's income taxes go up on the first $250,000 of their income, so even somebody who makes more than $250,000 is still getting a tax break on their first $250,000, you understand?" he said.

But Cantor said the uncertainty of what tax rates will be has consequences for businesses.

"The threat of higher taxes and more red tape has our small business owners anxiously sitting on the sidelines rather than starting a new business and hiring another employee," he said. "They tell me they long for the moment when they can once again think about growing their businesses and hiring people."

Cantor also recognized the ongoing Olympic games, wishing "our athletes in London the very best."


Filed under: Eric Cantor
soundoff (37 Responses)
  1. NATHAN WIMBERLY

    Twerp Cantor and the unhinged GOBP tea potty are getting desperate as they see that they are stuck with Mitt the twit McCain. Snooki Palin will go for Mitt's juglar at the convention in Tampa.

    August 4, 2012 06:19 am at 6:19 am |
  2. Donkey Party

    The domestic terrorist GOP created the Bush tax-cuts with a built-in expiration date. That puts the blame for the "tax hike" squarely on the GOP. Bunch of filthy, treasonous liars.

    August 4, 2012 06:56 am at 6:56 am |
  3. Wire Palladin, S. F.

    A person has to be an idiot to believe Cantor. If the Bush cuts expire, rates go back to what they were, that is not a tax hike. What a tool this little domestic terrorist has become. I think Eric should watch all the remarks of the president, not the cut and splice version of the Fox foreign owned extreme media.

    August 4, 2012 07:08 am at 7:08 am |
  4. Chris

    How is letting what was supposed to be a *temporary* tax cut expire years after it was originally set to expire a "tax hike"?

    Especially considering all the benefits that were supposed to come from the temporary tax cut never appeared. Despite all empirical evidence to the contrary, Republicans keep pushing the failed notion that tax cuts leads to more jobs and economic prosperity for all.

    August 4, 2012 07:20 am at 7:20 am |
  5. Matte

    Why is it so difficult for republicans to just say that we are only raising taxes on the people who had a break the last 10 years. why must they lie and say the president wants to raise our taxes. this is why they are loosing a lot of voters small business makes up 65 percent of all jobs in this country. we need a break. under Mitt Romney we get no tax break. Under Obama lots of tax breaks. Companies can gross millions of dollars you pay tax after expenses on the net income. Several of my republican business owners voting for Obama doing the smart choice. Small business unit for Obama.

    August 4, 2012 07:24 am at 7:24 am |
  6. Marry

    „…to raise taxes was the answer for economic growth."
    NO, that is not what the Democrats said. There is a need for much more fairness concerning who pays what! Now, as soon as we see Mr. Romney’s tax returns of the last, let’s say 12 years, it will become clear that the tax code/ system has to be changed DRASTICALLY for the “rich” to start to pay their fair share. And here I do not want to know how the “rich” see it because they want to reduce what little (compared with their income) they pay even more. What is interesting is what the general public thinks is fair – and that is why Mr. Romney will lose! (Besides the 999 other reasons that make him a very bad choice!)

    August 4, 2012 07:28 am at 7:28 am |
  7. T'sah From Virginia

    CAN'Tor is struggling to keep his own job – I am in his district and we are trying very hard to get him out of Congress.

    ►Cantor was referring to votes to extend the Bush-era tax cuts, which Republicans want to see extended on income of all levels.◄ But yet, the REPUBLICANS wants to raise taxes on 98% of Americans – CAN’Tor CAN'T spin this to make it seem as if President Obama wants to raise my taxes.......PERIOD!!!

    Obama 2012 – Powell – Who is NOT FOR SALE, 2012 – The Only Trusted Way Forward!!!

    August 4, 2012 07:29 am at 7:29 am |
  8. T'sah From Virginia

    CAN'Tor stated, "...not extending the breaks 'could result in the loss of over 700,000 jobs.'" Hmm, that's less than the hundreds of thousands of public sector jobs the Republican governors got rid of since 2010. And since the government tends to be an "equal opportunity employer," many minorities lost jobs and that added to the 16% unemployment rate for African Americans (Whites are at 7%, Figure That!!) – Then ROBme goes to the NAACP, expecting to get BOOED – and tells African Americans he wants to "help them?" Really?

    Obama 2012 – The ONLY Trusted Way Forward!!

    August 4, 2012 07:39 am at 7:39 am |
  9. Reggie from LA

    Been awhile. He must have had the muzzle taken off of a short stint. Folks, please. Don't be stupid. That tax cut WAS NOT EMBRACED 2 years ago. It was nothing more than political blackmail for the wealthy to gain footage on keeping money in there pockets while the "little people" paid for things our nation needs. This is right up Romney's alley by the way. So while we are peeing away all this money on tax breaks, how's infrastructure repair going to happen? Financing thoughtless wars? Veteran's benefits? Medicare? Oh yeah, fairies'll take care of it or better yet, we can then readily blame Obama when folks start looking to Washington for answers. We're too stupid to look at the bulging pockets of the wealthy. Sorry. Off task. Started out about Cantor. Nah, uninteresting. Go silent again Cantor.

    August 4, 2012 07:50 am at 7:50 am |
  10. They ought to change from the elephant to the hippo...

    Wow Eric... I bet you really think you have us fooled. Tax breaks that were supposed to be temporary in the first place expiring for the highest earning 2% is a tax increase (for all.) If any in the remaining 98% feel bad for the 2% with higher taxes, they can probably write them a check. Go crawl back under your rock.

    August 4, 2012 07:50 am at 7:50 am |
  11. clemvinson71

    cough cough

    Lets see if I can cut through this obscene smokescreen.

    This whole thing has nothing to do with jobs. Republicans have pledged to not raise taxes. They fear the pac money that will be used against them should they even be perceived as wavering from that pledge. Relieve them of this stress by relieving them of duty.

    so, what is causing the lack of job growth? The cost of energy and our fiscal encouragement towards manufacturers to ship their factories overseas. Two seperate issues that need to be addressed head on, but big lobby money prevents that from being done. First, take big money out of elections (thanks Scalia, you suck). Second, make politicians breholden to people, not corporations and super-pacs. Then, and only then, will politicians be able to address the real issues facing this country in the 21st century.

    August 4, 2012 08:16 am at 8:16 am |
  12. NotFooledByDistractions

    It's funny...cantor, as an elected official, apparently has no responsibility whatsoever for anything...nothing. Jobs, jobs, jobs...it was nothing but a campaign slogan. Congress is actually more responsible for improving the unemployment situation than the president is – they're the ones responsible for passing legislation – responsible legislation that could put people back to work. Hacks like cantor have been standing on the sidelines lobbing spitballs and complaining when they've failed to fulfill their obligations – failed to perform the job they were elected to do. They've wasted the last few years naming post offices! Cantor is a disgrace.

    August 4, 2012 08:18 am at 8:18 am |
  13. Jules

    Does Cantor realize if the House passes what the Senate passed there will be no uncertainty?

    August 4, 2012 08:18 am at 8:18 am |
  14. exrepublican

    But in reality, the tax rate will go back to what is was during the Clinton years when the economy was doing fairly well. So if you can think for yourself, you should be able to see that Cantor, as usual, is dishing out a bunch of BS. If you make over 250k you know what your rate will be if the TEMPORARY tax cuts are allowed to expire. You can't use the, "it will be bad for the economy" story if you look at the past 20 years. Well you can if you are stupid.

    August 4, 2012 08:40 am at 8:40 am |
  15. hilroy

    When I look at this guy's face I think of somone who was placed in Congress for one reason and one reason alone and that si to be the eyes and ears of a country in the Middle East. He is therefore an enemy of the President. This can bode very badly for the President. When I look at this man's face I see satan.

    August 4, 2012 08:40 am at 8:40 am |
  16. M-W-T

    I don't care how he "spins" it........everyone knows that Cantor is a liar
    Cantor screws everyone, even Boerner
    AMERICANS ARE NOT STUPID MR CANTOR......YOU AND YOUR TEABAGGERS REALLY SUCK BIGTIME

    August 4, 2012 08:41 am at 8:41 am |
  17. jester55

    Cantor loves loopholes for the rich. Including himself. Hopfully this will be his last term.

    August 4, 2012 09:10 am at 9:10 am |
  18. Randy, San Francisco

    Yes...a tax hike for the rich is the right thing to do! It is time for the rich to pay their fair share.

    August 4, 2012 09:16 am at 9:16 am |
  19. Gregory Dunkling

    On the 1 percent, you you are right. One everybody else, nope, lying as normal Mr. Cantor. You wouldn't know the truth if it hit you between the eyes.

    August 4, 2012 09:38 am at 9:38 am |
  20. Marie MD

    Here comes Mr. big tooth lying and twisting the facts again. Did your mother in law give you permission to speak?

    August 4, 2012 09:42 am at 9:42 am |
  21. sftommy

    NO NEW TAXES is a GOP SCAM with every dollar they borrow to finance their "tax breaks". Eric Cantor chose to dump a Trillion dollars in 2011 taxes on America's kids. Deficit spending is paid for with taxes. Tax breaks are paid for with taxes, eventually. Now he wants to dump another Trillion in 2012 taxes on America's kids rather than honestly collect the tax now and pay down the deficit. 2013 he plans to dump even more debt on America's kids with deficit spending and under-collected taxes. Will the voters of Virginia plesae stop this guy before he sinks this country in UNCOLLECTED TAX DEBT !

    August 4, 2012 09:43 am at 9:43 am |
  22. Name Notmislead

    GOP Is pandering to the very rich. They're not out to help the middle class Americans who pay their taxes. GOP and Clint Eastwood need to pay their taxes! Romney needs to show his taxes and stop trying to fool the American people.

    August 4, 2012 09:48 am at 9:48 am |
  23. chuck weidemann

    Eric Cantor is a big part of the problem, his words are deceiving and just not true. I'm a small business with only 5 employees....and my taxes have nothing to do with how many people work for me. We wake up everyday and deal with the issues of each of our jobs and that's it. If I spent any part of my day in fear of more taxes and red tape as Cantor suggests I'd be a lazy do nothing moron!!!! Hell I'd be him.....

    August 4, 2012 09:52 am at 9:52 am |
  24. Namejkane fl SEND THE THREE TIME LOSER romney HOME AND MAKE IT FOUR.

    This is the guy who wouldn't even give his own state flood aid,this Gop bum will be in the unemployment line in the next election !!!!!Gop train wreck coming in Nov ,thanks Gop losers !!!

    August 4, 2012 09:58 am at 9:58 am |
  25. Namejkane fl SEND THE THREE TIME LOSER romney HOME AND MAKE IT FOUR.

    Canter the goof will be on the Gop train wreck ,where's your tax returns romney the wimp !!!!

    August 4, 2012 10:03 am at 10:03 am |
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