Eric Cantor: Close loopholes and cut taxes

[brooklynite]

Source: Politico

Republicans won’t agree to closing tax loopholes unless President Barack Obama and Democrats cut taxes elsewhere, House Majority Leader Eric Cantor said Thursday during a series of morning cable TV interviews.

“We’re not for raising taxes,” he said on CNBC’s “Squawk Box.” “If there is a proposal to increase revenues outside of the potential we can increase them for more economic growth, I’m not for that. I don’t think the Republicans in Congress are for that. That really is where the difference has been. That’s why we walked out of the (Vice President Joe) Biden talks.

He added, “If they insist on hanging on to these political messages on these corporate jet loopholes and the rest that, frankly, amount to $3 billion over savings over 10 years when were talking over $2 trillion in savings, fine, but we need offsetting tax breaks somewhere else.”

Cantor’s interview comes as he and seven other congressional leaders head to the White House Thursday for meetings with President Barack Obama about raising the nation’s debt ceiling. Treasury Secretary Timothy Geithner has said the nation will exceed its $14.3 trillion debt limit by Aug. 2.

I have an idea: how about "job-creating" tax cuts for the top 1%?

Read more: http://www.politico.com/news/stories/0711/58479.html

[polichick]

I thought it was all about the deficit...

:sarcasm:

[No Elephants]

1. Eric Cantor is one of the more repulsive Congresscritters--and that's saying a lot, given how many

repulsive Congresscritters there are.

[ladjf]

4. And on top of that, he is dumb. nt

[Richardo]

2. Has anyone mentioned the hundreds of thousands of job losses that result from these cuts?

That's the opposite of job-creation, you GOP douchebags.

[no_hypocrisy]

3. That's zero sum in that revenues will not be increased.

We need more money coming in.

[and-justice-for-all]

5. We need more tax revenue (from the wealthy and corporations)

to help pay down the deficit, which I thought was a concern for the puke-fucks. Do not cut taxes, make those who do not pay PAY.