April 17th, 2010
10:38 AM ET
12 years ago

Cantor hits Dems on taxes, spending

(CNN) - At the end of a week in which many Americans finalized their tax returns, House Minority Whip Eric Cantor used the weekly GOP address to warn that if Democrats remain in power, they will make "the 'tax days' of the future much much worse."

The Virginia Republican said the country is at a turning point and that Democrats don't have the right answer.

"The Democrats control every lever of power in Washington and they've never met a tax they didn't like or found a dollar they couldn't spend. Their economic plan? You pay, they spend, your children owe. You deserve better," Cantor said, adding that Republicans offer an alternative.

"But take hope. Down the other path is responsible, adult leadership, focused firmly on job creation and economic opportunity. We believe in a Congress that will once again listen to the people and return America to the country they know and love."

Read the full remarks after the jump:

"Hello. I'm House Republican Whip Eric Cantor and I have the great privilege of representing the hardworking people of Virginia's 7th District.

"This week, Americans from coast to coast sent their tax payments to Washington. Your government continues to spend more and more, and that means that your taxes are more and more. This has to stop – and you can help stop it.

"The challenges and situations faced by families, small business people, and young workers have no doubt made this tax day particularly painful. But as painful as it was, the truth is that the actions taken by Speaker Nancy Pelosi, Majority Leader Harry Reid and the Obama Administration are going to make the 'tax days' of the future much much worse.

"President Obama has signed 25 tax increases passed by the Democratically controlled Congress into law that will cost families and small business people more than $670 billion over the next 10 years. Many of these break the President's campaign promise not to raise taxes on families making less than $250,000 a year. In the House, Speaker Pelosi and her majority have passed legislation that would result in more than a trillion – that's with a T – dollars in net tax increases.

"But tax increases are the symptom. Runaway spending is Washington's disease.

"The Democrats control every lever of power in Washington and they've never met a tax they didn't like or found a dollar they couldn't spend. Their economic plan? You pay, they spend, your children owe. You deserve better.

"Speaking of your children, the deficits left in the wake of President Obama's agenda now stand at $1.5 trillion and will add $11 trillion to our national debt over the next 10 years. One non-partisan study reveals that to keep up with this spending, the government would have to find about half a trillion dollars each year in new revenue. That means that the tax rates on families earning slightly more than $200,000 would skyrocket to well over 70 percent.

"That's right, 70 PERCENT!

"Democrats have already made clear that more tax increases on income, capital gains and dividends are on the way. Some, including the President himself, refer to this as letting the 'Bush tax cuts' expire. But no matter how he spins it, it means you'll be paying more and more. At the end of this year, Americans will face the 'Obama tax increase,' and it will be the largest in history. As if that wasn't enough, others, including Speaker Nancy Pelosi and Obama Economic Advisor Paul Volcker support a European-style value-added tax (VAT).

"Higher taxes, reckless deficits, unsustainable debt and a bleak future for our kids and grandkids. We must not leave our children a country more in debt and worse off than we found it. It is our moral obligation to act now to put a stop to this.

"America is at a critical point of decision making. We are a nation at a crossroads. It is up to each of us to determine what kind of country we want to be.

"Down one path is the Democrats' trillion dollar health care overhaul, a stimulus law that failed to meet expectations for job creation, the taxpayer funded bailouts of private companies, and a cap-and-trade policy that will impose a massive energy tax upon all Americans. All are costly policies that seize more control over the economy and of our lives. The goal? To remake America in the image of Europe.

"But take hope. Down the other path is responsible, adult leadership, focused firmly on job creation and economic opportunity. We believe in a Congress that will once again listen to the people and return America to the country they know and love. We believe in a limited but effective government that provides a safety net for those who need it most, but sets no limits on opportunity or achievement. We believe that it's not enough just to talk about ending government waste. You have to take action so that we can begin to erase our deficits and free our children from our debt. And rather than putting the squeeze on our nation's job creators and entrepreneurs, we believe in a pro-growth strategy to create jobs and empower the American entrepreneur and small business people to thrive.

"This is our choice.

"I'm Eric Cantor, and on behalf of my Republican colleagues, please know that we hear your concerns and we'll work hard to get Washington working for you once again. Thank you."

Filed under: Eric Cantor • GOP weekly address • Taxes
soundoff (140 Responses)
  1. j

    Sounds like the same old Republican rhetoric, which doesn't fit the facts. The REPUBLICANS have increased the deficit through deficit spending and tax cuts for the wealthy by trillions of dollars. The REPUBLICANS have increased the size of government, not reduced it, over the past several Republican administrations. The REPUBLICANS have increased taxes for most Americans, excluding the wealthy.

    The DEMOCRATS have actually REDUCED taxes for most Americans and the previous Democratic administration left the White House with a budget SURPLUS. This administration is cutting spending where they can but in these economic times, the government needs to spend to keep matters from getting worse. It's working. The economy is recovering and once the economy recovers, the DEMOCRATS will lead this nation to a more prosperous times.

    I would also like to point out the Obama's approach to foreign policy is superior to GW Bush by about 1000 percent. Countries are cooperating with us again and the Obama administration is making the world a safer place for all of us by openly communicating with them.

    April 17, 2010 11:10 am at 11:10 am |
  2. RandyT

    Adult leadership he wants? This from a guy that helped create the largest outsourced government in our history with red ink spending. These Repubs are jokes on America.

    April 17, 2010 11:12 am at 11:12 am |
  3. Michael

    I would like to know where was Eric Cantor when Bush squandered the surplus left his administration? Where was he when over 8 trillion dollar deficit was created because repuglicans did not pay for 2 Wars, Medicare and Disability Act, 2 tax cuts (2.7 trillion), Bank bailouts and many other programs under George bush? Where was Eric Cantors voice of opposition, and the voices of other repuglicans when Bush's policies almost drove this country off a cliff? Now these same repuglicans who nose dived our economy say they have repented and are promising anything just to get the /white house back? IS THIS REALLY A CHANGE WE CAN BELIEVE IN?

    April 17, 2010 11:12 am at 11:12 am |
  4. Jake

    I just love this. I listen to Eric Cantor to get my comedy fix for the day. "Down the other path is responsible, adult leadership".....he omitted "that spent 1 TRILLION dollars fighting the war in Iraq and spent 700 BILLION bailing out Wall Street before Bush left office". Eric continues "We believe in a limited but effective government that provides a safety net for those who need it most" but omits "that is why we bailed out our good buddies in Wall Street and also passed the Patriot Act so that we the government can listen in on your phone calls." Eric concludes "we'll work hard to get Washington working for you once again" but leaves out "because you know you can trust us based on what you've seen between the years 2000 and 2008 (wink) when we messed up our credibility in the world, invaded a sovereign country, spent $2 TRILLION dollars, expanded government to snoop in on its citizens, bailed out big business, let pay-as-you-go expire and then passed Medicare Part D which will bankrupt our great nation."

    Come on America....seriously?

    April 17, 2010 11:13 am at 11:13 am |
  5. Craig from LA

    More lies. Taxes were lowered under President Obama and now 95% of Americans pay less tax than under Bush.

    We are not going back to the failed policies of trickle-down economics where targeted tax breaks engorge the rich and corporate elite while the rest of us scrape for scraps and thirst for the trickle!

    America, fool us once, shame on the Republicans, fool us twice, shame on us! We will not be fooled again and we will remember in November.

    April 17, 2010 11:13 am at 11:13 am |
  6. kathy

    Republicans got us into this mess in the first place. That last buffoon we had as president and that moron of a VP totally destroyed the American Dream in many ways. Now that Obama is trying to fix it they are spreading pathetic propaganda to say otherwise. They are the biggest bunch of corrupt, pathological liars I have ever witnessed!!

    April 17, 2010 11:15 am at 11:15 am |
  7. Deployed Soldier

    I'm tired of the Replublicans trying to say they can do a better job. The Republicans had control of Congress and the Presidency, look what happened to our country finanacially. Now hard choices have to be made and the Democrats are making them for the good of all Americans. The Republicans are back to using the same old scare tactics. However, the American public is smarter than that and hopefully won't ever buy into their theories. I'm an independent, who has served for over 20 years in the Army, currently deployed again in support of our country. I love what i do, but don't like my fellow Service members being used. We have a great Country, with so many freedoms that others in the World will never have. Try and find some middle ground if possible, but the Republicans only want power not what is right for everyone at this time.

    April 17, 2010 11:20 am at 11:20 am |
  8. Frank

    More GOP spin while it opposes anything at all in the way of improving the situation of the average American. Notice no initiatives proposed beyond defeating the Democrats in November, unless resisting change is an initiative. Fear of the future and the inevitable change it brings is now the driving ideological theme of the Republican Party. What a shame for the citizens of this country.

    April 17, 2010 11:21 am at 11:21 am |
  9. Marty, FL

    Do the lies ever stop with Rep. Cantor?

    Fact: Taxes are near all-time lows. Please look it up.

    Fact: Dems provided 95% of working Americans with tax cuts, and small businesses are being given 35-50% tax credits.

    Fact: Cantor voted AGAINST all of these tax incentives for Americans.

    April 17, 2010 11:21 am at 11:21 am |
  10. Lynda/Minnestoa

    Not a good past few weeks for the T-Pers . . . so . . .

    Cue the socialism, marxism, communism, government taking our rights away, constitutional protectors, can't find America, crowd.

    I hope I didn't miss anyone, I so don't like snubbing.

    April 17, 2010 11:21 am at 11:21 am |
  11. Jim In Miami

    It must be 'circus week' – the clown, Eric Cantor, is performing for us....

    April 17, 2010 11:23 am at 11:23 am |
  12. Lisa

    This guy Cantor is unbelieveable, to even open his mouth about anyone especially to our president!!!! Bush is the one who got us into this mess in the first place. I hope Obama let the rich tax cuts expire, cause they have had it good for too long. Wake up America, tea partiers, the Republicans are for the rich!!!!!

    April 17, 2010 11:23 am at 11:23 am |
  13. Willy Brown

    Buh bye democrats. You had the Congress since 2007 and you have don nothing but run America into the ground.

    April 17, 2010 11:24 am at 11:24 am |
  14. No Way

    You GOPers have truly lost your soul to the devil. You need to have an exorcist preformed on all of you nut cases.

    April 17, 2010 11:26 am at 11:26 am |
  15. Scott

    What a joke Mr. Cator is and his Republican Party. Who is he trying to talk to with these lies, someone who has been in a coma for the last 9 years?

    April 17, 2010 11:27 am at 11:27 am |
  16. Michael

    As always, when a Republican says "the people" he means RICH people: nobody else really matters to a Republican!
    The America they know and love is a place where the corporation holds absolute power over its employees; where the mega-wealthy have all the money, all the power, and all the freedom and 95% of the population work themselves to death so that the few may enjoy excesses that would make Caligula blush.

    April 17, 2010 11:29 am at 11:29 am |
  17. Anonymous

    So he says the Democrats have a policy of "You pay, they spend, your children owe." While I don't think that's completely true, especially since they re-enacted PAY GO, I can't say that's any worse than the Republicans' policy of "You DON'T pay, they spend, your children and your grandchildren owe" that we had during the Bush years. That is what got us into this mess in the first place.

    April 17, 2010 11:30 am at 11:30 am |
  18. sandy, Henderson, NV

    Yeah, too bad Mr Cantor, most of what you said is NOT true.

    April 17, 2010 11:33 am at 11:33 am |
  19. HouseDiva

    These crooked politicians can't predict 6:00 at 5:30...let alone the future...I'm tired of the financial fearmongering.

    who cares that MY children have to pay off MY so called debts(truth is that i don't have any debt) but if i did it would be for my children sake I'm paying off my parents so called debts..and i'm not suffering, it's called the circle of responsibility...if a person don't have debts, then they don't have to work..plain as that..but for those that do have debts..this is why work is necessary.

    most people go into debt because they have children!!!

    the tea party is a scam!

    April 17, 2010 11:33 am at 11:33 am |
  20. Detroit Larry

    its amazing to me how the public allows the repubican party to stand by and just bad mouth everthing thats being done in washington, and not offer anything close to a solution. all they do is shout out talking points (so they think), and all along be given a pass on just sitting by with with no realistic plan on there own. i hope the public remember this in nov.

    April 17, 2010 11:34 am at 11:34 am |
  21. bi

    May God have mercy on each one of us and on Cantor's smoking doobies !

    April 17, 2010 11:35 am at 11:35 am |
  22. Jery Lee

    "Jobless recovery"?

    But wait, what about personal freedom and resposibility. Why should you righties expect Obama to create jobs for you? You have the personal responsibilty to go find your self your own job 'like the founding fathers would of wanted."

    Why do you fret about decreasing nuclear weapons, just have your militias train harder so you have the personal resposibility and freedom to protect yourself like the founding fathers wanted.

    Wall street reform? Why?? They are just expressing their individual freedom to screw the public out of their pensions and investments like the founding father envisioned.

    Aint life grand w/o the stupid Dems mucking it up??

    April 17, 2010 11:35 am at 11:35 am |
  23. You have got to be kidding me

    There is only one thing I hate more than the current administration and that is blatant hypocrisy! Is this guy serious? Since Bush's first term all the way to the present has been nothing but out of control spending and government expansion. With two wars, the massive government expansion under the war on terror, TARP, stimulus, health care reform, and many other programs this country is in a big hole with very little way out. And Cantor has the gal to blame everything on the demarcates? Saying that only the Republicans can act like "adults" and get the country back on track? I'm sorry but the only differences between the two parties on this topic is that demarcates spend and tax where as republicans for the last 8 or so years spend and borrow from other countries. To spend money you need to make money NOT borrow it! I still don't believe the current republicans in office get that simple idea. And their juvenile NO campaign and distorting the meaning of every bill doesn't inspire confidence. I'd rather give the current administration the benefit of the doubt then have these arrogant hypocrites back in power. The republicans need new blood, new ideas, and a new attitude before they get my vote back!

    April 17, 2010 11:38 am at 11:38 am |
  24. Marry

    …and the GOP nonsense does not stop! The speech given by Cantor is just silly!
    The GOP has put us on the crossroads worldwide all right – and one can only be thankful that President Obama rolled up his sleeves and started the country on a path out of ever increasing spending (as had been followed by the GOP and no mentioning of future generations there!) and into a modern future for all people!

    April 17, 2010 11:38 am at 11:38 am |
  25. Angie in PA

    LIE LIE LIE BLAH BLAH YADA YADA For a party that made a complete mess of the Economy for 8 years and now the Democrats are improving things slowly Why oh why should we listen to the republicans now? maybe the teasters can be fooled but the Majority cant!

    April 17, 2010 11:41 am at 11:41 am |
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