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. Jeff

    The only way we can come to believe in the congress is to vote out cynical, obstructionist Republicans and the whinning, pie-in-the sky Progressives.

    April 17, 2010 11:44 am at 11:44 am |
  2. JohnRJ08

    I don't like many of the people in Congress, but this guy Cantor is the ultimate lying slime. He knows full well that the wealthy in this country have been under-taxed since the Reagan administration. During the era, the top bracket was 91%. It is now 35%. Cantor also knows that taxes will not go up for 95% of the country– or people making less than $250k. Finally, Eric Cantor knows that we're not going to cut Social Security, Medicare, Medicaid or military spending anytime soon, and that things comprise more than 80% of the budget. If people don't want to lose these benefits and end up living in a third world country, then taxes are going to have to go up for some. What Cantor is saying here is outrageously dishonest and misleading, and he's saying it to score easy political points with a group of misinformed, easily manipulated voters. Shame on you Cantor.

    April 17, 2010 11:44 am at 11:44 am |
  3. Anonymous

    How does Cantor explain that the average tax burden on Americans this year is the lowest it has been since 1947?

    Republican America....how can you believe these clowns?

    April 17, 2010 11:44 am at 11:44 am |
  4. Dave from PA

    To the Republican Party,
    Can you us give any Solutions.
    All you ever give is constant Criticism.
    The conservative talk shows and the Republican Party are professional Critics. And Critics are a "Dime a Dozen".
    Please stop using the overly simplistic criticism of "High Taxes", "Less Spending", "Less Big Government".
    I don't remember the last time I listened to any of them without hearing these words. Please be more intelligent, more specific, less shallow. Please stop checking with the talk show hosts before making a decision. Please quit apologizing to the talk show hosts if you say something out of line with their thinking. Or better yet why not have the almighty talk show hosts run for office.
    You are the government. If big government does not do a good job then it's your fault. If you can't do a good job for us Americans then quit.

    April 17, 2010 11:47 am at 11:47 am |
  5. Jilli

    Bull crap Mr. Cantor.

    95% of Americans got tax cuts – not only the upper 2% like the republicans crafted under bush – tax cuts for the rich which added substantially to the deficit.

    If a republican is talking taxes and the economy, you know he's lying.

    Poor Mr. Cantor – the party of no is failing. The stock market is way up, consumer confidence is building, unemployment is holding and new jobs are being added. Once again, the republicans are on the wrong side. They put everything they had into making this president fail – and fortunately for us – they're the ones that are failing miserably.

    April 17, 2010 11:47 am at 11:47 am |
  6. Paul

    Don't suppose he mentioned that 98% of households paid less federal tax this year. O the fact that Obama's scary socialist tax policy is pretty much the same as scary socialist, uh, Ronald Reagan's.

    The Republican Party is running against reality in favor of fear and deception. Nothing new there.

    April 17, 2010 11:48 am at 11:48 am |
  7. katiec

    It continues to amaze me how the republicans, after creating the worse diasters our country has ever faced, still do not get it.
    The American people no longer accept a party who has no ideas, solutions, only strut in front of the cameras, pointing fingers and mouthing lies, distortions, fear mongering, supporting big business over the survival of our country and us.
    Equally amazing are the headlines CNN continuosly gives them, never fact checking, questioning the legitimacy of their irresponsible rantings.
    Of course, we all realize the right wing bias of CNN so should not
    be surprised but keep hoping they will regain some integrity
    and quit trying to be another Fox.

    April 17, 2010 11:50 am at 11:50 am |
  8. Kelley in TX

    I can't belive some people actually fall for this load of hypocrisy and lies. Disgusting.

    April 17, 2010 11:50 am at 11:50 am |
  9. Bob (Illinois)

    What a disingenuous pile of garbage Mr. Cantor! The Party of No has not come up with a single idea beyond cutting taxes.

    "One non-partisan study reveals that to keep up with this spending...":

    Now just why do you think so much money has been spent in the last 18 months? Can you make a stupid statement like I just quoted and make it with a straight face? No, you can't.

    Be gone!

    April 17, 2010 11:51 am at 11:51 am |
  10. CR

    Cantor and his Republican Party drove up the national debt like never before, and left the economy a shambles. They have no credibility whatsoever.

    April 17, 2010 11:51 am at 11:51 am |
  11. Nathan

    Sounds like Mr. Cantor is saying he does not love his country.

    April 17, 2010 11:51 am at 11:51 am |
  12. haren

    We will be happy when rich people will pay their share, when Obama will end the tax break of Bush.
    Middle class is the one who is paying other fees raised by this stupid tax cut to rich people.

    April 17, 2010 11:53 am at 11:53 am |
  13. D. Bunker

    This is news? Cantor regurgitating the same tired GOP talking points that have been repeatedly discredited?

    Sorry Cantor, but the "the country they (the public) know and love." is rapidly disappearing because of the damage you and your GOP corporatist cronies have done, selling out the average American to line your own greedy pockets. I'll be happy to see our budget balanced with a 70% tax on income over $200,000, especially if it means less money going to buy off you and your corrupt party of anti-Americans. You clowns started class warfare when you attacked the poor and middle class. Now we want our country back.

    April 17, 2010 11:59 am at 11:59 am |
  14. John in WV

    First the repubs take up for health insurance companies. Then they take up for Wall Street hogs. Now they would like to see tax cuts for the rich continue. And we are supposed to believe these people are worried about spending. We can spend 200 billion a year on Bush tax cuts for the rich but we can't afford half as much for health care reform.

    April 17, 2010 11:59 am at 11:59 am |
  15. haren

    Did not we have robust economy in 90's when rich were paying their fair share?

    April 17, 2010 11:59 am at 11:59 am |
  16. Annie, Atlanta

    Oh no, did Frank Luntz tell him to get out there and talk about the "tax and spend liberals" again? Do they have anything to offer other than catch phrases that demonize the other side? This is getting pathetic.

    April 17, 2010 12:01 pm at 12:01 pm |
  17. Buford

    After 8 years of the Bush fiasco, where none of this "adult" wisdom reigned, we get this duplicitous jerk feeding more of the party line. The fear-mongering failed and the election was lost. Bush's tax cuts for the wealthy cost an estimated $1.8 trillion. Hypocrite!!!!!!!! Let's start by repealing those tax cuts and making sure everyone pays their share of income tax. And while we are at it, lets make Congress have the same benefits or lack thereof as the rest of us.

    April 17, 2010 12:01 pm at 12:01 pm |
  18. Robert

    This comes from a party that started a war (unnecessary by the way) costing a whole lot more that health care, etc. This comes from a party against regulating business (that's ok Enron, AIG, Goldman Sacks, Wall Street, etc have all done good by us). This comes from a party who think global warming is a scam even if as a side lite we cannot breath or see but big oil is on there side. Just what has this guy's party done for anyone but the rich (several houses, cars, boats, etc rich)? Finally a President (Congress needs work though) who wants to help America and we get idiots like this fool and the rest of them. Want to save America Vote Independent or Democrat otherwise the old saying comes to mind – you reap what you sow!... Good Luck America.

    April 17, 2010 12:01 pm at 12:01 pm |
  19. Ron from Florida

    You can tell whenever Cantor is telling a lie........... his lips are moving!

    Every person is entitled to an opinion, but you are not entitled to make up your own facts!

    I want my country back......... back to a time when every republican is not a freaking nut case and when 51 of 100 not 60 of 100 was a majority.

    The republicans need to understand that besides themselves, not too many people still think the Earth is flat. My jaw fell to the ground when I watched the 2008 republican presidential debate and upon answering the question NONE of the candidates believed in evolution. The latest poll I viewed on PBS said that only 20% of the American people count themselves as republicans... the screaming, lies, hypocrisy , and do nothing attitude is not winning a lot of folks over.

    April 17, 2010 12:02 pm at 12:02 pm |
  20. tc in nyc

    Mr. Cantor, you are a liar.

    April 17, 2010 12:03 pm at 12:03 pm |
  21. AJ

    This statement by Mr. Cantor is a garbage. Not one single good idea brought to the table.

    April 17, 2010 12:04 pm at 12:04 pm |
  22. Annie, Atlanta

    Willy Brown, do you have any idea what's going on?. You never seem to be on topic, and you just bash Democrats. Is that all you have?

    April 17, 2010 12:06 pm at 12:06 pm |
  23. LIL JOHN

    The progressives think they are clever , providing the shiny object in the bottle , the 'make work pay' crap, then taxing people thousand and thousands over the next ten years

    Many comments on here call the one year temporary tax cut a triumph,but I see they don't mention the VAT tax nor the Energy tax the socialists are going to propose...

    Just as Obama does , they think Americans can't see what is happening in Washington , Let them think this till November !

    April 17, 2010 12:07 pm at 12:07 pm |
  24. chris

    i was going to comment on this guys incorrect facts, but everyone beat me to it!!! i'm starting to believe this country is figuring it out. the republicans have always been for the rich and don't care for the little guy. do some checking Mitch McConnell just spent time with the big banks last week and now he's against banking reform. thats a head scratcher???

    April 17, 2010 12:09 pm at 12:09 pm |
  25. stevetall

    Our taxes actually went DOWN this year. You know, bailing out the failed 8 years of the Republican/Bush leadership isn't easy or free. Considering the mess they made, we're making excellent progress in getting back on our feet in a sensible way. For the Republicans to be spending all this time and money NOT helping to turn things around is almost criminal, and it's certainly stupid, short-sighted, and anti-American.

    Quit whining, you sissies, and start helping the process, or quit and get another job!!

    April 17, 2010 12:10 pm at 12:10 pm |
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