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. Michele

    I think even the right is getting sick of the lies. He calls himself an 'adult?' Adults think for themselves, not in lockstep with their party and their corporate donors. If the Republicans had acted like 'adults' when they controlled everything, they would not have let us be ambushed into an unfunded war. They would have insisted that it be on the books, accounted for, and PAID for. But no, they chose to lower taxes for only their rich cohorts. How many jobs did that create, Mr. Cantor? Seriously, name one.

    April 17, 2010 01:28 pm at 1:28 pm |
  2. vette gal

    Yeah, right! The only people that will be paying more are the wealthy, not the ones that net under $250,000. I'm so tired of all the lies put out there by the republicans. They just don't want their buddies nor themselves paying more taxes. I'm so tired of their scare tactics for "in the future" and of all the stupid people that believe their lies.

    April 17, 2010 01:31 pm at 1:31 pm |
  3. German, Irish American

    heren- So you want the Bush tax cuts gone? Good, then the middle class will see a 5% tax INCREASE. The 8 million lower income wage earners that didn't have to pay taxes because of the Bush tax cuts, will once again get to pay into the IRS and pay their "fair share." You should try to think or research for yourself before you repeat the lies of this President you elected by listening to his campaign rhetoric of hatred for Bush and racism that got him elected.

    April 17, 2010 01:32 pm at 1:32 pm |
  4. ahetch

    Hey Mr Cantor, How will your job creation thingy work. Will you use the trickle down theory.

    April 17, 2010 01:32 pm at 1:32 pm |
  5. Concerned in Colorado

    Mr. Cantor:

    What about the American holocaust from 2000 to 2009 when your Party was in power?

    We won't let you forget: Your past is our present–unfortunately.

    April 17, 2010 01:36 pm at 1:36 pm |
  6. JonQWriter

    Cantor is only telling part of the story and is oversimplifying the issue. About 80% of the tax revenue in the US is from corporate and individual income tax. Many businesses last year took a loss due to the economy and deducted that loss. Furthermore, unemployment was high, which reduced individual tax revenue–you can't tax someone's income when they don't have an income. Also, capital gains were also in the red, which further reduced revenue. But, government maintianed many programs that couldn't be suddenly stopped or restarted just because of the economy. It just can't be done in such a short time. Eric Cantor is playing politics on this.

    April 17, 2010 01:37 pm at 1:37 pm |
  7. Mathew

    Cantor, where was all this outrage when Bush spent us into oblivion with two wars and with tax cuts for the rich? Oh yes, it's a little different when YOUR guy is in the White House.

    April 17, 2010 01:40 pm at 1:40 pm |
  8. KK

    Cantor take your sneering grin and go home.

    April 17, 2010 01:43 pm at 1:43 pm |

    Why don't you Republicans just shut up and go away. We are tired of your lies, deception and obstructionism and fear mongering. Why can't you guys state your positions based upon truth instead of lies.
    You idiots will try to convince us that sunlight comes from Mars and summer is the coldest season of the year. You are nothing but a bunch of LIARS. Go away.

    April 17, 2010 01:52 pm at 1:52 pm |
  10. anika

    Where do these idiots think the money to run the country will come from? They truly believe in something for nothing. Okay, so they don't want to take care of their fellow Americans. Throw the seniors and the homeless and jobless under a bus. Fine, your choice. But when the hordes of hungry come with pitchforks into your neighbourhood, there will be no police to help you out. Oh yeah, forgot, you will protect yourselves with your guns. But what will you do when the Chinese come to ask for their money back. The money the Bush Admin borrowed in huge amounts to keep the country and the war running. The money they decided to borrow rather than raise taxes for the wealthy citzens of their own beloved country. Perhaps the Tea Partiers should learn how to say "would you like your tea with extra sugar?" in Chinese.

    April 17, 2010 01:59 pm at 1:59 pm |
  11. Patrick

    Your comment is awaiting moderation.
    If there is any lesson to be learnt from the presidential campaign it is that the truth will always win – cream will always rise to the top.
    During the campaign, Hilary Clinton, then later John McCain and Sarah Palin, all called Obama names, linked him to all kinds of negative groups, insinuated that he is not a real American, etc. You name it, they did it.
    He still won despite his color, his name, his length of experience, being married to a black woman (sometimes to be accepted at least you have to have yourself a white wife.), admitted that he did a bit of drugs in his younger days.
    As Jesus said “know the truth, and the truth will set you free” He wasn’t kidding. As long as Obama sticks with the truth, he will always have God and the people on his side.
    And for Sister Sarah, and mindless Michelle, and the rest of you republicans, the Lord has some words for you. You are supposed to know better than the people you lead. Therefore for misleading the people into darkness, negativity and divisiveness, judgment awaits you.

    April 17, 2010 01:59 pm at 1:59 pm |
  12. Luke Brown

    Under George Bush the GOP Congress gave wealthy Americans a $3 trillion tax cut over ten years ... add to that $3 trillion in the costs of their wars in the Middles East and the cost of caring for tens of thousands of maimed and permanently disabled soldiers.

    Oh yeah, Mr. Cantor, you people who supported these things forgot to include a way for paying for them.

    You have some nerve blaming the President. We elected him to clean up your mess.

    April 17, 2010 02:00 pm at 2:00 pm |
  13. hobart

    More lies from the Party of No.

    Rather than present a single good idea in good faith, they just keep lying and raise Orwellian doublespeak to a new art form.

    For some reason they think we're stupid to know that is was their policies that caused so many of us to lose our jobs, homes, live savings and health insurance. Since Obama took office, they've unanimously said no to anything and everything. They literally root for more economic collapse and for foreign acts of terrorism on American soil. And when neither of these actually happen, they lie and say they did.

    For some reason they think we're too stupid to know that the market indices are the highest they've been since before Obama's election, and that we're too stupid to know that it's all due to Obama, no thanks to them.

    Why do Republicans so hate America?

    April 17, 2010 02:04 pm at 2:04 pm |
  14. p

    Doesn't everyone now know that taxes have gone down to a historic low? He never got the memo. His ignorance is stunning. Mr. Cantor, Do you read the newspaper? Do you remember how many times GOP Saint Ronald Reagan raised taxes?
    5 or 6 times?
    Reality has never distracted these losers from repeating and repeating the talking points from Luntz/Limbaugh and others.
    Cantor has it wrong once again, and since 911 (and before)
    the GOP continues on the most prolific losing streak ever.
    They are the Keystone Cops of politics, and can't get out of their own way.
    Imagine if McCain and Palin were running this country right now. OMG!

    April 17, 2010 02:08 pm at 2:08 pm |
  15. Sue

    You are right Mr. Cantor.............In 6 more months, many Democrats are going to be sent to the unemployment lines--and the "grown ups" will be given power/control again.

    Never in our lifetime, will we see Democrats given this much power/control in Washington ever again!!!!

    April 17, 2010 02:18 pm at 2:18 pm |
  16. Greg, San Francisco, CA

    Only Republicans can possibly buy this line of baloney. Most Americans are paying LESS taxes this year and the debt he decries is due in large part to the Iraq invasion debacle – which Bush never even counted as an actual debt.

    April 17, 2010 02:22 pm at 2:22 pm |
  17. ZipinSC

    I was beginning to wonder when this worm was going to crawl out from under his rock. Hadn't heard from him in awhile. Must have been sequestered with his wall street buddies learning a few old talking points(or talking lies).

    April 17, 2010 02:25 pm at 2:25 pm |
  18. lipton

    Let's see? ... We've steadily reversed the downward acceleration of job losses (towards the jaws of the severest spiraling depression) reaching a bottom of 800,000 job losses per month in the worst month to an upward acceleration of job growth reaching 150,000 job gains per month in the last month and … climbing. That's a net positive reversal (swing in momentum) of 950,000 jobs per month since. That's a heck of a lot of job rescues and recoveries per month wouldn't you say? And, the trend bodes better. ... USA USA USA ... Yah

    Unfortunately, it’ll take about 2 to 4 years to substantially recover the cumulative losses from the depths of the steep fall over the many months of approx 2007 through 2009. US will have momentary setbacks, but eventually we will best our past as we always do.

    Just imagine the dire predicament after the revolution, civil war, ww2, great depression, Vietnam/Watergate/Hippie Generation/Oil Price Shock, Indefinite Iraq War Legacy Cost Drag – to cite a few. The only way we'll lose is if we think like losers – which is, inherently, anti-American and a betrayal to our vigorously tested history.

    Growing Green Jobs (led by high tech) will help over the months and years.

    April 17, 2010 02:31 pm at 2:31 pm |
  19. Ben

    I'm so tired of hearing this from Republicans.

    Last I checked, the Republican Party essentially invented deficit spending. The great legacy of Ronald Reagan is debt. Look up our national debt pre-Reagan. It was basically nothing. Every administration since then has spent way more than the government has taken in in revenue.

    When it comes to "they spend, your children owe", Republicans are just as bad–if not worse–than Democrats. Both parties are "Borrow and Spend" parties.

    April 17, 2010 02:35 pm at 2:35 pm |
  20. usualone

    The wars are the driving force behind our deficit....and the Republicans started them. No attempt to blame the Democrats holds weight if a Republican makes such an utterance.

    April 17, 2010 02:35 pm at 2:35 pm |
  21. Debby

    We are in a mess because of Dodd and Frank. Bush's tax relief went on how much you made in your paycheck. Of course the more you made you got back from Bush's tax credit, but making more money also means you pay more in taxes to begin with. Its only common sense but the liberals just don't get it.

    The middle class isn't getting anything more from Obama than they did from Bush.

    April 17, 2010 02:36 pm at 2:36 pm |
  22. Donna from Colorado Springs

    Eric Cantor is putting the same old tired spin on the Dems about taxes. Are the Dems really responsible for taxes on April 15 of every year? To hear the idiot Republicans talk, it's their fault. They gloss over the fact that the American people actually paid LESS THIS YEAR than they normally pay. But, you won't hear that piece of good news coming out of the mouth of ANY REPUBLICAN ON THE PLANET! They are so tiresome!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    April 17, 2010 02:39 pm at 2:39 pm |
  23. artraveler

    You know it isn't hard to convince people that you are lying when they can look at their check stub and see they are paying less federal tax than last year. They may be paying more local taxes and people like Cantor should be paying more Medicare taxes (why did they ever cap that thing anyway) but your federal taxes didn't go up.

    April 17, 2010 02:47 pm at 2:47 pm |
  24. If We Can Defeat Him On Healthcare, It Will Be His Waterloo

    GOP = Got Obama Psychosis

    April 17, 2010 02:50 pm at 2:50 pm |
  25. w l jones

    First thing first since most Repub is rich why this one give up his healthcare and pay check and give back something to his belove country.Bless you.

    April 17, 2010 02:51 pm at 2:51 pm |
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