Cantor: President continues to push for taxes
WASHINGTON (CNN) – House Majority Leader Eric Cantor said Tuesday that President Barack Obama provided further details of his plans for entitlement reforms at the latest round of deficit reduction talks at the White House.
Cantor said Republicans support what the President laid out in terms of entitlement cuts. However, the Virginia Republican said his GOP colleagues in the House won’t support any tax revenue increases.
“Nothing can get through the House right now – nothing, that’s the issue,” Cantor said of any kind of tax increase. He suggested that Congress consider Obama’s proposed entitlement reforms without any corresponding tax increases, a proposal that Democrats were considered certain to reject.
Cantor also said that at Tuesday’s meeting, Obama ”walked through” his proposal to end Bush-era tax cuts for the wealthy while extending them for families that earn less than $250,000 a year. The negotiators also talked about how to include tax reform as part of a larger deficit deal, but Cantor said Obama didn’t commit to a specific tax rate for the wealthiest bracket under his plan.
The question of progressiveness in a reformed tax system, with wealthier Americans being assessed a higher tax rate, is a sticking point in the deficit talks. Republicans want lower rates for all in a reformed tax system, while Democrats want to make sure that wealthier Americans shoulder a larger tax burden than the middle class.
CNN's Tom Cohen contributed to this report.
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"“Nothing can get through the House right now – nothing, that’s the issue,” Cantor said of any kind of tax increase."
Well guess what Cantor...it's gonna have to. The public is getting fed up with the Do-Nothing Republicans and this is one of the big tests for you all. During a general election you've got to be acceptable to other voters besides your own narrow base.
That's fine Cantor, we will see how long you remain in Washington supporting the richest 1/10th of 1% of America. The ultra rich truly believe that they deserve the best government money can buy and obviously Cantor fills the bill.
Cant(or) else he be beat up by his mega rich corporate sponsers.
Cantor seems to be ignorant of history. It's a progressive system and always has been since it was first introduced in 1913. The more income you have the higher the tax rate. Also, those first few years of the income tax it was only the wealthy who were paying any tax. And the country prospered. Until Hoover lowered those rates, which helped to launch the Great Depression.
Republicans want lower rates for all in a reformed tax system, while Democrats want to make sure that wealthier Americans shoulder a larger tax burden than the middle class.
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Absolutely. The Republicans represent every taxpayer. The Democrats play politics by pretending to be the fighter for the middle class who by the way have the most voters. Look around you and see who has really done well now that the Democrats have had the run with their programs to "help the middle class". I'll give you a hint. Don't hold your breath waiting for his "fixes" to help the middle class. And good luck finding a job if you don't have one now.
That's a bald-faced LIE !! He wants to close loopholes. Then (in 2013 if the economy is more stable) raise taxes ever so slightly on the top earners.
Cantor is a bigger liar than McConnell and Bachmann and Palin all combined.
WE HEAR YOU TEA-BAGGERS. WE'VE HEARD EVERYTHING YOU'VE SAID FOR A LOOOOOONG TIME
Yep. The Republicans only want one side of the equation so they can get the reduction while protecting their wealthy friends and corporations from tax increases at the expense of the middle class. Can't wait for all these losers to get tossed out in 2012.
It can't be any more clear which party uses fear and scare tactics. Obama open threat to the American people is shameful to say the least. The foolish policies of this administration has only made things worse, and democrats only defense is to once again blame Republicans. Democrats have had their chance after being in complete control and have spoiled a golden opportunity to set the country on a better path. Instead their greed and corruption have shown us that they are incapable of doing the job. It's time for a real change.
Do these Republicans take the Democrats for fools? They clearly think the Dems are impotent and simply must accept whatever they say. I will not let the small minority that is the "Tea Party" hold the nation hostage. It's time to put these guys down.
Cantor is the typical rep/bagger, they want it all and let someone else pay for it. These people should be ashamed to call themselves Americans, their retoric and actions goes against everything that we were taught that this country stood for. I sometimes feel that I was a fool to serve this Country and to stand for democracy and the freedoms we enjoy, only to see gridlock because the President is a black man
This guy is what evil, greedy and corrupt is all about.
Cantor is a PUPPET FOR THE RICH CORPORATIONS!!!!!
may all nations become aware of their commom unity and all
the people of the world be united in the bonds of brotherhood
before thee the father of all amen.
Cantor obviously has no clue what real leadership means. It's called compromise and voting for something you don't like (taxes on the filthy rich) in exchange for what you want (spending cuts). The GOBPbaggers get part of what they want yet won't compromise. That is fanaticism, and Cantor's job, as an alleged leader, is to persuade his followers to compromise. The fact the won't compromise or ask the filthy rich to make any sacrifices (while everyone else) pretty much tells how un-American these lying weasels are.
The GOP....wow. thank you America for those midterm elections. We've done so well since then.
Obama 2012!!!
Listen carefully to the snakes –
Step 1) Eliminate tax loopholes for the rich.
Step2) Lower tax RATES further so that whatever revenue is generate in step 1 is wiped out. [i.e. make things revenue neutral].
Step 3) BROADEN the tax base so that people who don`t pay taxes today will pay them tomorrow.
Just who do you think the GOP is trying to trap in their tax nets with this scheme? Lower income people that maybe exempt from current taxes. That`s what "BROADEN" means.
Their goal is a flat tax rate. They fundamentally don`t believe that they wealthy should pay more on their marginal income. They don`t recognize the non-tax burdens that the masses carry that enable the privaledged to make that marginal income. They think these "Masters of the Universe" are excelling in a perfectly elastic system.
Eric Cantor represents a Congressional district in Virginia – he is not President of the United States. When he presumes to speak for anyone but his constituency, he is displaying a level of arrogance found only in the Republican Party.
That and he is just a skinny little liar.
Me and my moderate friends don't take kindly to Mr. Cantor's willingness to hold our great county hostage to the most wealthy 1% of Americans.
Where I come from, we don't take kindly to criminals like Mr. Cantor coming into our town, telling us lies and whatnot, so they can pocket campaign contributions stolen from our families and our children.
The gop are disgusting!
It seems as if the republicans are determined to throw the United States into defaulting on its debt. It amazes me that the voters allow these children in the room with grownups. Banish the republican children to their sandbox.
So you dont want to raise revenue for the government by government intervention but you want to raise revenue for big corps through government intervention (i.e. not closing corp tax loopholes)? Yes? At least he basically tells us hes trying to screw us. I know what Im getting with him. What is bad is I know some of you think this guy works for YOU. LOL!
Why doesn't Cantor just go home and hide in the closet until he gets his way. He is such a child and certainly not someone who should be in congress. I wonder if he even likes this country.
Is this supposed to help? It seems like an irresponsible, somewhat petulant responce, not supported by evidence. Is there any evidence that tax cuts create jobs? I have not found any support for this premise. Possibley I have not found the evidence but it seems that the countries with the highest taxes are the strongest economies such as Sweden and Denmark. I would like to see the stats that support Cantor's point of view and perhaps, I will change my opinion. The fact need to be from least bias sources, since both liberal and consrvative stats are really biased.
Thank you,
L
The president is pushing for large corporations and rich entities to start paying their fair share of taxes so the burden won't
be only on the middle class, NOT raising everyone's taxes as being lied about by the republicans. Why won't someone
stand up and say this? Cnn and other media outlets, we're waiting.
Wonder why all the corporate wealth is not creating jobs in the US? Well, US tax policy gives them exemptions for profits made overseas. Data compiled from Bloomberg and Fortune reveal that the top 10 companies avoiding the US Foreign Profits Tax are: GE, Pfizer, Merck, Johnson and Johnson, Exxon, Citigroup, Cisco, IBM, Proctor and Gamble, Microsoft. They had untaxed foreign profits in excess of 377 billion dollars.
Americans, this country is being run by big business and the republicans are not helping Main Street and the average worker to turn this around. It is absurd to claim that we cannot provide for the needy in this country, and it is absurd to claim that the wealthiest corporations and families need to keep more of their profits. They make money off of average people and they need to kick more back to keep our economy going.