GOP’s Cantor: No time to increase taxes on anybody
The No. 2 House Republican is showing little wiggle room on tax cuts going into a critical meeting at the White House with President Barack Obama.
Interviewed on a network news show in advance of Tuesday’s talks, House Majority Leader-elect Eric Cantor says the GOP believes tax rates should not be allowed to go up on anyone, including the wealthy.
The Obama administration has opposed continuing tax cuts from the George W. Bush era for individuals making over $250,000 a year. But Cantor said Republicans believe the current rates should be kept intact, particularly at a time when the government is trying to spur private business to create jobs. Cantor said on NBC’s "Today" show that Republicans "don’t think tax rates should go up."